Loan Underwriter Jobs in New Jersey
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.
City National Bank Manager Mortgage Loan Underwriter in Trenton , New Jersey MANAGER MORTGAGE LOAN UNDERWRITER WHAT IS THE OPPORTUNITY?...
relationship management, underwriting, and/or adjudication experience Prior lending authority >/= $1 million preferred Small Business Administration/Agency, Healthcare Practice Solutions, or other...
Strong kledge of underwriting primary casualty and excess casualty is very important. Proven marketing abilities and established relationships with brokers....
- 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...
Job Description: Insurance Underwriter Habitational Real Estate Investors Property Managers Risks Underwriting Hotels Motels Apartment Buildings Boarding Houses Mobile Home Parks Student Housing General...
Remote WorkAs 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...
City National Bank Mortgage Loan Underwriter Senior in Trenton , New Jersey MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...
Based on underwriting parameters, recommend the risk rating. Prepare summary, present facts, and offers opinions concerning credit-worthiness....
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...
City National Bank Mortgage Loan Underwriter II in Trenton , New Jersey MORTGAGE LOAN UNDERWRITER II WHAT IS THE OPPORTUNITY?...
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Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in New Jersey
Highest Education Level
Loan Underwriters in New Jersey 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
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