Loan Underwriter Jobs in Garfield, NJ
A Loan Underwriter in the banking industry is responsible for evaluating and approving or rejecting loan applications based on the borrower's creditworthiness. They assess the risk involved in lending money to a particular borrower by scrutinizing their financial information, including credit history, income, employment stability, and debt-to-income ratio. They also establish lending terms and conditions, ensure compliance with regulatory standards, and communicate decisions and related information to applicants and loan officers. Since loan underwriting involves significant decision making, it plays a crucial role in maintaining the financial health and sustainability of a bank.
Prior to their role as a Loan Underwriter, an individual may have experience as a Loan Processor, Credit Analyst, or Financial Advisor. These positions help to build a solid foundation in credit analysis, risk assessment, and financial advisory, which are essential skills for Loan Underwriters. Loan Underwriters should have strong analytical, decision-making, and communication skills. They should also possess a detailed knowledge of credit and lending procedures, as well as relevant regulatory standards. Certifications such as the Mortgage Loan Originator (MLO) license or Certified Mortgage Underwriter (CMU) can enhance their credibility and career prospects in the industry.
Manager Mortgage Loan Underwriter
- New York, NY (10 miles from Garfield, NJ)
- 2 days ago
- New York, NY (10 miles from Garfield, NJ)
- 2 days ago
City National Bank Manager Mortgage Loan Underwriter in New York , New York MANAGER MORTGAGE LOAN UNDERWRITER WHAT IS THE OPPORTUNITY?...
Senior Credit Underwriter (C&I)
- New York City, NY (12 miles from Garfield, NJ)
- 6 days ago
- New York City, NY (12 miles from Garfield, NJ)
- 6 days ago
The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender....
C.L. Underwriter - Small Business - Hybrid
- Parsippany, NJ (15 miles from Garfield, NJ)
- 15 days ago
- Parsippany, NJ (15 miles from Garfield, NJ)
- 15 days ago
- Hybrid Employer New Jersey Manufacturers Insurance Company Location Parsippany, New Jersey Salary Not Specified Posted Feb 21, 2025 Closes Apr 22, 2025 Ref R2006542#GIJ-NJM-Insurance.1 Category Underwriting...
Senior Underwriter-Trade Finance
- New York, NY (10 miles from Garfield, NJ)
- 16 days ago
- New York, NY (10 miles from Garfield, NJ)
- 16 days ago
Make your mark in Underwriting AIG underwriting teams help to find insurance solutions in areas including Financial Lines, Property, Casualty, Specialty Lines, Cyber, Multinational Clients, and High...
- Harrison, NY (21 miles from Garfield, NJ)
- 18 days ago
- Harrison, NY (21 miles from Garfield, NJ)
- 18 days ago
The Mortgage Underwriter will report to the Mortgage Underwriting Team Lead....
Remote Work- New York, NY (10 miles from Garfield, NJ)
- 19 days ago
- New York, NY (10 miles from Garfield, NJ)
- 19 days ago
Experience in corporate lending or product management advantageous....
- Purchase, NY (23 miles from Garfield, NJ)
- 20 days ago
- Purchase, NY (23 miles from Garfield, NJ)
- 20 days ago
The Mortgage Underwriter will report to the Mortgage Underwriting Team Lead....
Remote WorkPower, Clean Energy Transition, Chemicals, NAM Credit Underwriter (C14/SVP) NYC
- New York, NY (10 miles from Garfield, NJ)
- 30+ days ago
- New York, NY (10 miles from Garfield, NJ)
- 30+ days ago
This role reports directly to the Global Head of Natural Resources Corporate Credit Underwriting....
Senior Underwriter Financial Institutions
- New York, NY (10 miles from Garfield, NJ)
- 30+ days ago
- New York, NY (10 miles from Garfield, NJ)
- 30+ days ago
Excellent financial lines underwriting technical ability, including financial analysis skills. Demonstrates significant contribution to underwriting profit....
Strategy & Transformation Project Manager - Loan Operations
- New York, NY (10 miles from Garfield, NJ)
- 30+ days ago
- New York, NY (10 miles from Garfield, NJ)
- 30+ days ago
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing,...
Senior Commercial Real Estate Underwriter
- New York, NY (10 miles from Garfield, NJ)
- 30+ days ago
- New York, NY (10 miles from Garfield, NJ)
- 30+ days ago
Lender Engagement : Identify and engage with lenders, leveraging existing relationships to negotiate favorable terms and create competitive term sheets....
- New York, NY (10 miles from Garfield, NJ)
- 30+ days ago
- New York, NY (10 miles from Garfield, NJ)
- 30+ days ago
MORTGAGE LOAN UNDERWRITER II WHAT IS THE OPPORTUNITY?...
- Union, NJ (15 miles from Garfield, NJ)
- 30+ days ago
- Union, NJ (15 miles from Garfield, NJ)
- 30+ days ago
As a leading financial services and healthcare technology company based on revenue, SS&C is headquartered in Windsor, Connecticut, and has 27,000+ employees in 35 countries. Some 20,000 financial...
- New York, NY (10 miles from Garfield, NJ)
- 45+ days ago
- New York, NY (10 miles from Garfield, NJ)
- 45+ days ago
Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank; a leader in wealth, lending and deposit solutions, capable of providing the most sought-after products and services...
Real Estate Underwriter - Vice President
- New York, NY (10 miles from Garfield, NJ)
- 45+ days ago
- New York, NY (10 miles from Garfield, NJ)
- 45+ days ago
Insurance company lending experience a plus Strong analytical and quantitative skills Experience creating financial models....
Demographic Data for Garfield, NJ
Moving to Garfield, NJ? Find some basic demographic data about Garfield, NJ below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Garfield, NJ
Highest Education Level
Loan Underwriters in Garfield, NJ offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Federal National Morgage Association
- Mortgage Lending
- Jumbo Loans
- Consumer Lending
- Loan Documentation
- Lending
- Loan Origination
- FHLMC
- Fannie Mae
- Loan Review
- Commercial Banking
- BSA
- Commercial Lending
- Federal Housing Administration
- Loan Processing
- Tila Respa Integrated Disclosures
- OFAC
- Credit Underwriting
- Mortgage Processing
- Loan Servicing
- Credit Analysis
- Cash Flow Analysis
- Mortgage Underwriting
- Financial Services
- Balance Sheets
- Underwriting
- Financial Statements
- Appraisal
- Financial Modeling
- Due Diligence
- Financial Analysis
- Resolution
- Problem Resolution
- Real Estate
- Customer Satisfaction
- Finance
- Process Improvement
- Accounting
- Decision Making
- Auditing
- Quality Control
- Written Communication
- Mentoring
- Documentation
- Bachelor's Degree
- Reporting
- Sales
- Regulations
- Policy Development
- Microsoft Excel
- Microsoft Office
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
Other Career Titles
Here are some other career titles that require similar skills
Loan Underwriter Related Career Advice Articles
How to Decide Between Investment Banking and Commercial Banking
Many finance professionals begin the career planning phase by taking some time to figure out whether they want to pursue commercial banking or investment banking. While both career paths can reap great rewards, each comes with a different set of responsibilities and skills. Here is a breakdown of some of the factors that separate careers in investment and commercial banking to consider.
Read article »
Career Spotlight: Personal Banker
What does a personal banker do? Is a personal banker salary rewarding? Get answers to these questions and more in our guide to personal banker careers.
Read article »