Loan Underwriter Jobs in West Jordan, UT

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.

1-5 of 5 Jobs

Manager Mortgage Loan Underwriter

Salt Lake City, UT (2 miles from West Jordan, UT)
3 days ago

Salt Lake City, UT (2 miles from West Jordan, UT)
3 days ago

MANAGER MORTGAGE LOAN UNDERWRITER WHAT IS THE OPPORTUNITY?...

Loan Underwriter, Hybrid, Salt Lake City Utah

Salt Lake City, UT (2 miles from West Jordan, UT)
27 days ago

Salt Lake City, UT (2 miles from West Jordan, UT)
27 days ago

Loan Underwriter for Thrivent Bank will be responsible for reviewing, analyzing, and making credit decisions on mortgage, home equity, consumer, and small commercial loan requests....

Loan Underwriter

Salt Lake City, UT (2 miles from West Jordan, UT)
29 days ago

Salt Lake City, UT (2 miles from West Jordan, UT)
29 days ago

Loan Underwriter for Thrivent Bank will be responsible for reviewing, analyzing, and making credit decisions on mortgage, home equity, consumer, and small commercial loan requests....

Mortgage Loan Underwriter Senior

Salt Lake City, UT (2 miles from West Jordan, UT)
45+ days ago

Salt Lake City, UT (2 miles from West Jordan, UT)
45+ days ago

MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...

Mortgage Loan Underwriter II

Salt Lake City, UT (2 miles from West Jordan, UT)
90+ days ago

Salt Lake City, UT (2 miles from West Jordan, UT)
90+ days ago

MORTGAGE LOAN UNDERWRITER II WHAT IS THE OPPORTUNITY?...

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Demographic Data for West Jordan, UT

Moving to West Jordan, UT? Find some basic demographic data about West Jordan, UT below.

Median Age

Average Household Income

Home Value vs Household Income in West Jordan, UT

Local

National

Total Population

121,850

Number of Businesses

2,130

City Size

Medium/Lg

Loan Underwriter Online Courses and Training Opportunities

iHireBanking curates thousands of courses in order to recommend the best ones to help further your career. If you register for a course using the links on our site, we may receive a small commission.

Qard Basics: Benevolent Loans in Islamic Finance

When someone provides a qard, the borrower is obligated to repay only the principal amount borrowed. As a benevolent loan, qard stands as a testament to the prohibition of usury (riba) in Islam,...

Financial Math for Actuaries: From Loans to Bonds to Immunization

Start your actuarial career! Study the time value of money by learning about loans, bond valuation, duration, convexity, spot rates, forward rates and the term structure of interest rates. This...

Loan Covenants

Using Excel to model financial covenants for a loan Loan Covenants Course Overview In this Loan Covenants course, we will demonstrate how loan covenants are used in the lending process. We will...

Salary for Loan Underwriter Jobs in West Jordan, UT

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Loan Underwriters in West Jordan, UT offer the following education background

Bachelor's Degree

44.6%

Master's Degree

16.6%

High School or GED

14.6%

Associate's Degree

11.2%

Vocational Degree or Certification

8.9%

Some College

2.5%

Doctorate Degree

1.2%

Some High School

0.4%

Average Work Experience

Here's a breakdown of the number of years' experience offered by Loan Underwriters in West Jordan, UT

4-6 years

40.5%

2-4 years

30.9%

Less than 1 year

14.0%

10+ years

6.3%

1-2 years

6.1%

6-8 years

2.2%

Qualifications / Skill Sets

The following top skills are often required or desired to land a Loan Underwriter position

In-Demand skills () are the most popular among employers according to the current jobs in our database. Last updated today!

Other Career Titles

Here are some other career titles that require similar skills

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