Loan Underwriter Jobs in Fitchburg, WI
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
- Madison, WI (9 miles from Fitchburg, WI)
- 4 days ago
- Madison, WI (9 miles from Fitchburg, WI)
- 4 days ago
City National Bank Manager Mortgage Loan Underwriter in Madison , Wisconsin MANAGER MORTGAGE LOAN UNDERWRITER WHAT IS THE OPPORTUNITY?...
Mortgage Loan Underwriter Senior
- Madison, WI (9 miles from Fitchburg, WI)
- 5 days ago
- Madison, WI (9 miles from Fitchburg, WI)
- 5 days ago
MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...
- Madison, WI (9 miles from Fitchburg, WI)
- 29 days ago
- Madison, WI (9 miles from Fitchburg, WI)
- 29 days ago
Position at First Business Bank Join us today as the Commercial Loan Manager- Hybrid! First Business Bank is a Top Workplaces USA company, learn more here. At the heart of First Business Bank, we...
- Madison, WI (9 miles from Fitchburg, WI)
- 90+ days ago
- Madison, WI (9 miles from Fitchburg, WI)
- 90+ days ago
City National Bank Mortgage Loan Underwriter II in Madison , Wisconsin MORTGAGE LOAN UNDERWRITER II WHAT IS THE OPPORTUNITY?...
Demographic Data for Fitchburg, WI
Moving to Fitchburg, WI? Find some basic demographic data about Fitchburg, WI below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Fitchburg, WI
Highest Education Level
Loan Underwriters in Fitchburg, WI 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
- Commercial Banking
- Loan Review
- 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
- Real Estate
- Customer Satisfaction
- Closing
- 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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