Loan Underwriter Jobs in Boston, NY
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.
- Buffalo, NY (20 miles from Boston, NY)
- 6 days ago
- Buffalo, NY (20 miles from Boston, NY)
- 6 days ago
Our purpose - Opening up a world of opportunity - explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for...
Business Banking Senior Underwriter I
- Buffalo, NY (20 miles from Boston, NY)
- 22 days ago
- Buffalo, NY (20 miles from Boston, NY)
- 22 days ago
Analyze each loan applicants financial condition, cash flow and credit history in order to make an appropriate lending decision within the individual lending authority....
- Buffalo, NY (20 miles from Boston, NY)
- 29 days ago
- Buffalo, NY (20 miles from Boston, NY)
- 29 days ago
Mortgage Underwriter Location: Buffalo, NY Howard Hanna Mortgage Services/1st Priority Mortgage has an opening for an experienced Mortgage Loan Underwriter....
Commercial Credit Senior Underwriter I - Leveraged Lending
- Buffalo, NY (20 miles from Boston, NY)
- 90+ days ago
- Buffalo, NY (20 miles from Boston, NY)
- 90+ days ago
SCOPE The Commercial Credit Underwriting Department is responsible to provide an independent credit quality assessment of the Bank's commercial clients....
Demographic Data for Boston, NY
Moving to Boston, NY? Find some basic demographic data about Boston, NY below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Boston, NY
Highest Education Level
Loan Underwriters in Boston, NY offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Mortgage Lending
- Federal National Morgage Association
- Loan Origination
- Consumer Lending
- Lending
- Federal Housing Administration
- Loan Documentation
- Fannie Mae
- Jumbo Loans
- BSA
- Loan Review
- Conventional Loans
- Commercial Banking
- FHLMC
- Commercial Lending
- Freddie Mac
- Credit Underwriting
- Loan Processing
- OFAC
- Mortgage Processing
- Treasury Management
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- Financial Services
- USDA
- Anti-Money Laundering
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Taxes
- Financial Modeling
- Financial Analysis
- Resolution
- Real Estate
- Problem Resolution
- Customer Satisfaction
- Finance
- Closing
- Process Improvement
- Quality Control
- Accounting
- Decision Making
- Written Communication
- Documentation
- Mentoring
- Bachelor's Degree
- Reporting
- Filing
- Regulations
- Policy Development
- Sales
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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