Loan Underwriter Jobs in South Plainfield, 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.
- Fairfield, NJ (21 miles from South Plainfield, NJ)
- 12 hours ago
- Fairfield, NJ (21 miles from South Plainfield, NJ)
- 12 hours ago
Overview Underwrite 1st and 2nd mortgage loans in accordance with established policies and procedures and appropriate guidelines. Examine all documentation for accuracy and completeness...
Business Banking Commercial Real Estate Underwriter Portfolio Manager IV
- Short Hills, NJ (12 miles from South Plainfield, NJ)
- 11 days ago
- Short Hills, NJ (12 miles from South Plainfield, NJ)
- 11 days ago
Required Skills/Experience: 10+ years of experience and exhibited competency in various aspects of commercial real estate lending and/or portfolio management including financial analysis and credit...
Business Banking Commercial Real Estate Underwriter Portfolio Manager IV
- Iselin, NJ (5 miles from South Plainfield, NJ)
- 13 days ago
- Iselin, NJ (5 miles from South Plainfield, NJ)
- 13 days ago
Required Skills/Experience: 10+ years of experience and exhibited competency in various aspects of commercial real estate lending and/or portfolio management including financial analysis and credit...
- Union, NJ (11 miles from South Plainfield, NJ)
- 30+ days ago
- Union, NJ (11 miles from South Plainfield, 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...
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Manager - Loan Operations - Cash Reconciliation Specialist
- Union, NJ (11 miles from South Plainfield, NJ)
- 90+ days ago
- Union, NJ (11 miles from South Plainfield, NJ)
- 90+ 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...
Sr Residential Loan review Analyst III
- Jersey City, NJ (20 miles from South Plainfield, NJ)
- 45+ days ago
- Jersey City, NJ (20 miles from South Plainfield, NJ)
- 45+ days ago
10+ Years Experience in Mortgage Lending and operations, Residential and income producing mortgage areas on loan underwriting, appraisal review, regulatory compliance Must have knowledge of real...
Demographic Data for South Plainfield, NJ
Moving to South Plainfield, NJ? Find some basic demographic data about South Plainfield, NJ below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in South Plainfield, NJ
Highest Education Level
Loan Underwriters in South Plainfield, NJ offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Reimbursement
- Mortgage Lending
- Federal National Morgage Association
- Loan Origination
- Consumer Lending
- Lending
- Federal Housing Administration
- Fannie Mae
- Jumbo Loans
- Loan Documentation
- BSA
- Loan Review
- Conventional Loans
- Know Your Customer
- Commercial Banking
- FHLMC
- Commercial Lending
- Freddie Mac
- Loan Processing
- OFAC
- Credit Underwriting
- Mortgage Processing
- Treasury Management
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- Financial Services
- USDA
- Loan Servicing
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Taxes
- Financial Analysis
- Resolution
- Real Estate
- Customer Satisfaction
- Finance
- Closing
- Process Improvement
- Quality Control
- Accounting
- Decision Making
- Written Communication
- Verbal Communication
- Auditing
- Documentation
- Mentoring
- Reporting
- Regulations
- Policy Development
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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