Loan Underwriter Resume Samples
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Loan Underwriter Resume Samples
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DB
D Bode
Domenica
Bode
13606 Hildegard Island
Detroit
MI
+1 (555) 655 2822
13606 Hildegard Island
Detroit
MI
Phone
p
+1 (555) 655 2822
Experience
Experience
Boston, MA
Mortgage Loan Underwriter
Boston, MA
Davis-D'Amore
Boston, MA
Mortgage Loan Underwriter
- Professional development - SunTrust University, an in-house career growth and employee development program
- Working knowledge of various fraud tools
- Make sure the appraisal meets investor guidelines and supports value
- Assist in identifying or recommending alternative loan solutions
- Proactively manage assigned pipeline
- Perform complex income / tax return analysis
- Working knowledge of mortgage insurance (MI) guidelines
Philadelphia, PA
Consumer Loan Underwriter
Philadelphia, PA
Vandervort and Sons
Philadelphia, PA
Consumer Loan Underwriter
- Interviewing applicants for consumer loan requests and managing the loan process including: due diligence, underwriting, loan approval, and loan closing
- May perform duties using automated scoring systems or traditional underwriting
- Communicates with residential lending sales and operations staff regarding loan decisions, conditions and underwriting guidelines
- Processing construction draws and loan balancing
- Working with retail banking staff to coordinate loan application requests, communicate current loan promotions and train bankers on loan products
- Working knowledge of consumer credit policies and procedures, business balance sheet and cash flow analysis
- Reviews and evaluates borrower(s) profile including but not limited to all income documentation (including complex business and personal tax returns), credit reports, asset documentation, purchase agreements, preliminary title report and appraisals
present
Los Angeles, CA
SBA / Government Loan Underwriter
Los Angeles, CA
Hermiston-Orn
present
Los Angeles, CA
SBA / Government Loan Underwriter
present
- Act as the SBA/Government Loan program production resource for bank Commercial Lenders
- Collaborate with Business Bankers, Commercial Lenders and other Trusted Advisors through participation in joint calls with SBA borrowers
- Act as a resource to Branch lenders on eligibility requests, to identify qualifying borrowers and improve acquaintance of SBA/Government Loan Programs
- Work with the bank’s SBA/Government Loan Program Manager on development and maintenance of Bank products and procedures related to SBA/Government Loans
- Distribute Lender SBA/Government Program training
- Receive inquiries from clients for government loans; interview loan applicants and attain necessary information to safeguard a complete credit application is obtained
- Act as the first filter for SBA eligibility compliance on multipart transactions, recommending and completing review of other Government Loan applications preceding to approval
Education
Education
Bachelor’s Degree in Business Administration
Bachelor’s Degree in Business Administration
The University of Kansas
Bachelor’s Degree in Business Administration
Skills
Skills
- Strong attention to detail
- Microsoft Office/Suite proficient
- Current knowledge of underwriting and credit risk principles
- Knowledge of unique property vesting
- Able to multitask efficiently and effectively
- Highly organized
- Excellent communication skills (written and verbal)
- Great interpersonal skills
- 7+ years of experience in Underwriting Jumbo Mortgage Transactions for High Net Worth individuals
- Experience structuring and underwriting loans held in entities i.e. LLCs and Trusts
12 Loan Underwriter resume templates
Read our complete resume writing guides
1
Senior Consumer Loan Underwriter Resume Examples & Samples
- Minimum 3 years of experience in consumer lending
- Experience in required loan documentation and related legal and regulatory standards
- Excellent member service skills with strong verbal and written communication skills
- Exceptional decision-making and problem-solving skills
- Strong time management, multitasking, and organizational skills
- Prior experience in Credit Union loan services, policies, and procedures
- Previous experience in sales
- Previous experience establishing relationships with auto dealers
- Experience making loan decisions in an Indirect environment
- Previous experience with Episys and Opening Act
- Previous experience working with Credit Union Direct Lending (CUDL), Aimbridge, RouteOne, and/or DealerTrack
- Bilingual (Spanish) preferred
2
Loan Underwriter Resume Examples & Samples
- 7+ years of experience in Underwriting Jumbo Mortgage Transactions for High Net Worth individuals
- Knowledge of unique property vesting
- Advanced Degree in related field
3
Home Equity Loan Underwriter Resume Examples & Samples
- Three years experience in financial institutions
- Three years experience in consumer and residential lending practices
- Three years experience in underwriting, including credit bureaus
- Previous experience underwriting Home Equity Loans
- Above average proficiency with Microsoft Office
- Experience in Credit Union loan services, policies, and procedures
- Previous experience with mortgage origination software, Episys and Opening Act
4
Home Loan Underwriter Resume Examples & Samples
- Stays abreast of internal and regulatory changes that affect tasks related to the processing and underwriting of mortgage loans
- 5+ years’ experience in mortgage environment, including 3 years’ experience underwriting conventional home loans
- Proficient in MS applications, including Word and Outlook
- Experience using Desktop Underwriter and loan origination system(s) preferred
5
Commercial Loan Underwriter Resume Examples & Samples
- Bachelor’s degree in Finance, Accounting, or Economics; or Credit training required
- Minimum 5 years of experience in underwriting small business, commercial credit or consumer loans required
- Minimum 5 years of experience in a banking or financial services environment required
- Excellent knowledge of commercial credit policies and procedures
- Excellent credit analysis and accounting skills
- Strong ability to communicate skillfully and effectively in both verbal/written forms
- Ability to assume responsibility and accountability for decision making
- LI-AS1
6
Mortgage Loan Underwriter Resume Examples & Samples
- Active Learning — Understanding the implications of new information for both current and future problem-solving and decision-making
- Time Management — Managing one's own time and the time of others
- Service Orientation — Actively looking for ways to help people
- 3 - 5 Years Mortgage Underwriting Experience
7
Mortgage Loan Underwriter Resume Examples & Samples
- Proficiency in Microsoft Office
- 3-5 years of minimum mortgage underwriting experience (Conventional and Government loans)
- DE Certification
- Certifications in Federal Housing Administration (FHA) or Veteran's Administration (VA) and The Mortgage Bankers Association (MBA)
- Knowledge of Conventional, FHA, USDA and VA guidelines
- Familiarity with underwriting formulas/guidelines of various mortgage companies, banks, and investors
- Knowledge of State/Federal regulations to maintain loan file compliance
8
Commercial Loan Underwriter Resume Examples & Samples
- Minimum 3 years experience with underwriting moderately complex commercial credit/loans required
- Minimum 3 years of experience with state and federal lending regulations (e.g. Respa, Reg Z, Ecoa, State Fair Lending) required
- Minimum 2 years of experience in a banking or financial services environment required
- Represents basic qualifications for the position. To be considered for this position, you must at least meet the basic qualifications
9
Consumer Loan Underwriter Resume Examples & Samples
- Three years’ experience in consumer and/or residential lending practices
- Three years’ experience in underwriting, including credit bureaus
- Two years’ experience in a lending environment
- Excellent member service, verbal, and written communication skills
- Strong organizational, time management and decision making skills
- Proven strong analytical and reasoning skills
- Proven ability to work independently and on multiple projects at one time
- Demonstrated ability to take initiative and work in a team
- Requires flexibility to work nights and weekends including up to 10:00pm Tuesday through Saturday
- Experience in Sales
10
Consumer Loan Underwriter Resume Examples & Samples
- High School Diploma or GED required
- Minimum 2 years of consumer loan underwriting experience required
- Minimum 2 years experience in a financial institution required
- Working knowledge of consumer credit policies and procedures, business balance sheet and cash flow analysis
- Ability to communicate skillfully and effectively in both verbal/written forms
11
Commercial Loan Underwriter Resume Examples & Samples
- Minimum 1 years experience with underwriting moderately complex commercial credit/loans required
- Minimum 1 years of experience with state and federal lending regulations (e.g. Respa, Reg Z, Ecoa, State Fair Lending) required
- LI-AD2
12
Mortgage Loan Underwriter Resume Examples & Samples
- Minimum of 10+ years’ experience in a mortgage banking company
- At least 5 years’ experience underwriting jumbo loans
- Bachelor’s Degree in Business or related area preferred
- Knowledge of secondary market guidelines and
- General knowledge and exposure to funding and loan documentation is required
- Extensive knowledge of the practices and regulations that govern the banking industry and the implications of federal, state and local regulations affecting Residential Lending activities
- Must possess excellent verbal and written communications skills sufficient to interact with all levels of Bank personnel and clients
13
Consumer Lending Center Loan Underwriter Resume Examples & Samples
- Assists customers and employees with loan requests by identifying immediate and long term borrowing needs, and providing information about the consumer loan process and available products and services
- Collects and evaluates documentation for loan reviews, such as property evaluations, flood determinations, title reports, income verification, tax returns, credit reports, social security letters, subordinations, flood and home owners insurance, trust accounts, death certificates, divorce decrees, release of liens, judgment releases, mortgage payoffs, and tax liens
- Enters and processes application information in the loan origination software program; approves or denies applications within loan authority
- Examines transactions for accuracy, completeness, and adherence to compliance requirements; escalates issues to management for further review
- Coordinates loan closing with the customer and banking center
- Performs other job related duties or special projects as assigned
- Solid technology abilities, including proficiency with Microsoft office and loan origination software applications (APPRO preferred)
- Excellent time management and organizational skills; ability to meet deadlines and volume goals in a fast paced environment
- Strong listening and communication skills (written and verbal)
- Strong attention to detail and concern for data accuracy; ability to read and interpret credit related documentation
- Excellent customer service skills with the ability to maintain a high degree of confidentiality, diplomacy, tact and salesmanship
- Solid analytical skills and the ability to make sound business judgment
- Fundamental knowledge of compliance and regulatory issues pertaining to consumer loans; ability to follow established policies and procedures
- 3-5 years in the banking or financial services industry
- 1-3 years in underwriting or credit operations
14
Mortgage Loan Underwriter Resume Examples & Samples
- Performing timely reviews of conditions submitted
- Generation of reports for review
- Analyzing loan packages to deliver valid credit decisions
- Examining loan documentation for accuracy and completeness
- Maintaining quality control standards while maintaining company production standards
- Providing stellar customer service to all staff by effectively explaining credit decisions
- Perform other job related duties and special projects as required
- Service oriented with strong communication skills
- *Local Candidate Only***
15
Consumer Loan Underwriter Resume Examples & Samples
- Responsible for credit decisions on consumer loans
- Understands and properly applies consumer underwriting guidelines as verified by internal and external audits and in compliance with Fair Lending standards set by the Bank
- Perform other job-related duties or special projects as assigned
- 4 year college degree or 3-5 years banking experience
- Must possess 2-3 years of consumer lending experience and/or loan underwriting preferred
16
Mortgage Loan Underwriter Resume Examples & Samples
- Minimum Seven years’ experience underwriting jumbo mortgage transactions for high net worth individuals; OR 2 – 5 years underwriting if experience includes jumbo and/or non-conforming loans
- Must have proven background with Self-Employed borrowers
- Pipeline management experience required
- Strong knowledge of unique property vesting i.e. trusts and LLCs
17
Senior Mortgage Loan Underwriter Resume Examples & Samples
- Bachelor's degree required
- Minimum 7 years experience as an Underwriter in a financial services or mortgage banking environment required
- Minimum 3 years experience in jumbo underwriting to investor guidelines required
- Complete knowledge of FNMA/FHLMC guidelines. * General knowledge and exposure to funding and loan documentation is helpful but not required. * Strong knowledge of state and federal lending regulations (i.e., Respa, Reg Z, Reg B, ECOA, state fair lending)
- Working knowledge of personal computers, including experience with Microsoft Word/Excel and Outlook as well as some form of industry standard mortgage software
- Ability to use and operate adding machine and financial calculator, copy machines and similar standard office equipment
18
SBA Loan Underwriter Resume Examples & Samples
- Review commercial loan applications and analyze credit information to make a general assessment of applicant’s creditworthiness. Determine whether or not the proposed loan will conform to the Bank’s and SBA lending policy
- Prepare written summary of loan terms and conditions and a written narrative explaining business background, outlining risk factors and justifying assigned risk rating, ensuring conformity with bank credit policy and procedures and with applicable banking regulations along with a SBA eligibility worksheet. Pull credit on principals, CAIVRS, Debarment searches, and search online for potential issues
- Conduct in-depth review and prepare detailed financial analysis of the tax returns, financial statements, business plans and projections presented by applicant businesses along with the tax returns and financial statements of any corporate guarantors and/or affiliate businesses to assess the company’s ability to generate income sufficient to repay existing and proposed debt, and the impact of the corporate guarantors’ and/or affiliates’ performance. Also analyze the personal guarantors’ tax returns and personal needs to determine their impact on global performance
- Accompany Corporate Banker on customer calls when feasible. Actively participate with lending officers in the preparation of loan proposals for committee presentation, including review of financial statements, projections and site visits
- Review construction contracts, leases, appraisals, environmental assessment reports, UCC searches, flood determinations, insurance policies and other information to assess risks associated with the Bank’s collateral position. Continue to develop knowledge of appraisal theory and approaches to values
- Interact with account officers to negotiate loan terms and follow up on information required to decision the application. May contact loan applicants (customers) and their representatives (CPS’s, CFO’s) to obtain clarification about information received from them. Respond to credit applications within the time frame established by the department
- Comply with all bank policies, procedures, state and federal banking laws and regulations including Bank Secrecy Act, Anti-Money Laundering, Office of the Comptroller of the Currency Control (OCC) and USA Patriot Act along with all SBA SOP guidelines
- Determine loan request’s eligibility in terms of the bank’s policy and guidelines as well as the SBA’s Standard Operating Procedure. Structure transactions in order to meet bank’s guidelines and the appropriate SBA/USDA loan program
- Generate a written Credit Approval Package reflecting a full underwriting of the proposed transaction meeting bank/SBA standards for approval within 10 days of receipt
- Prepare and forward all letters of approval or declination in accordance with the bank’s internal process
- Order third party reports (commercial and residential appraisals, environmental reports, business valuations, and equipment appraisals) in accordance with bank/SBA standards
- Provide accurate reporting of all loan updates and status changes within the bank’s loan processing, servicing platform systems to include comments, status, and completion of tasks in Salesforce or other tracking software utilized by the bank
- Work with the closing department to facilitate the closing of loan requests and handle credit-related issues as needed. Prepare timely modifications as needed to complete loan closing process, confirming approvals are in place (internal, SBA, etc.) when required, and obtain necessary approvals
- Work with loan servicing to perform annual financial analysis of loans in the portfolio as needed
- Five or more years’ experience in a credit analysis role relative to commercial lending. SBA underwriting experience preferred
- Thorough knowledge of cash flow analysis, ratio analysis, and projections as well as commercial loan structuring and documentation. Discounted collateral calculation, basic balance sheet ratio analysis, and formal credit training a plus
- Knowledge of real estate appraisal techniques, field audit examination techniques and banking regulations governing commercial banking
- Solid qualitative and quantitative analytical skills; excellent conceptual, writing, and communication skills
- Ability to interface effectively with other banking professionals including loan officers, credit managers, loan closers, appraisers, accountants and auditors
19
Mortgage Loan Underwriter Resume Examples & Samples
- Loan Origination/ Front End
- Manual Underwriting Experience
- Complex Tax Return Experience
- Combination of Wholesale and Retail Experience
- Advanced knowledge of the industry and Fair Lending processes, products, and services
- Ability to identify complex problems and review related information to develop and evaluate options and implement solutions
- Develops positive working relationships with others, and effectively maintains them over time
- Exhibits results-oriented attitude and behavior to accomplish business goals
- Demonstrates flexibility and adaptability to multitask and respond to problems as they arise, including assisting lower level Bank Credit Underwriters as needed
- Possesses critical thinking skills and decision making abilities
- Identifies the developmental needs of others and coaches, mentors, or otherwise helps others to improve their knowledge and skills
- 2+ years underwriting experience
- Advanced knowledge of Real Estate Originations and Processing, data analysis tools, and industry data sources
- Demonstrated leadership experience
20
Consumer Loan Underwriter Resume Examples & Samples
- Obtain values (NADA, Purchase Orders) and review collateral position on collateralized requests
- Review ALS and HOGAN information as required
- Review additional documentation including trust agreements, POA’s, divorce decrees, etc. when needed
- Review appraisals/title work as required
- Ensure that every loan reviewed is KeyDoc ready
- Accurate and concise messages to Key Centers & Telesales/Sales Support
- Thorough review of all information provided from applicant for loan processing
- Assigned report review
- Testing and Compliance review as assigned
- Attend monthly loan review meetings
- Participation in Underwriter Training
- Possess the ability to work in a fast paced environment in a highly regulated and ever changing consumer bank segment
- Be proficient in Excel, Word and use of a personal computer
21
Mortgage Loan Underwriter Resume Examples & Samples
- SAR number
- Extensive VA experience
- LAPP
- DE
- Masters Degree preferred
- 5+ years underwriting experience
- Underwriting certification required
22
Consumer Loan Underwriter Senior Resume Examples & Samples
- 3 years underwriting experience in home equity lines of credit and/or loans or first mortgage residential real estate loans (no FHA/VA designations required)
- Consideration will be given candidates with 3+ years first mortgage processing experience in real estate secured loans
- Strong credit evaluation experience needed including analyzing credit reports, income documentation, appraisals, title reports and flood certifications
- Candidate must be detail oriented have superior verbal and written communication skills, organizational skills and be able to multi-task
- Position requires candidate to be Safe Act/NMLS registered
- Knowledge of FCRA, ECOA and Reg Z
- Familiarity with Microsoft Excel and Access
23
VP, Senior Loan Underwriter Resume Examples & Samples
- Perform underwriting and credit analysis of collateral and secondary sources of repayment
- Prepare internal deal memos for credit review and approval
- Work with processors, loan closers and legal counsel to ensure parallel processing of loan underwriting and documentation
- Proactively work to continue to improve underwriting and documentation processes
- Strong commercial real estate credit underwriting and risk analysis skills including the ability to perform a through credit analysis of borrower/sponsors. Formal credit training is a plus
- Through knowledge of targeted multifamily markets including economic trends
- Experienced with bank policies and procedures including risk rating
- Professional in standards, skills and manner of dealing with others
- Experienced with Microsoft Office Products and CRM software
24
Mortgage Loan Underwriter Resume Examples & Samples
- 1 - Perform loan file review and underwriting to determine compliance with investor guidelines, underwriting philosophy, policy and procedures. Ensure timeliness, accuracy and productivity levels established by management
- 2 – Review sources of income and verifiable income amount in order to ascertain correct debt-to-income calculation. Assess the overall risk and credit quality of loans based on transaction type, analysis of income, assets, credit and collateral
- 3 – Review documentation including flood certification, insurance documentation and property tax information to ascertain that correct proposed loan payment amount was calculated correctly
- 4 – Determine if LTV, DTI and other criteria comply with lending parameters of various loan programs and investor requirements
- 5 - For loans declined, forward file and findings to second reviewer and communicate results to Loan Officer. For loans conditionally approved, communicate conditions to close to Loan Processor and review additional information once it is provided. For loans approved as submitted, document work and approval and communicate results to Loan Processor
- 6 – Comply and stay abreast with Bank Secrecy Act rules, regulations, loan program requirements and investor requirements that may affect underwriting standards or processes
- 7 – Assist in any quality control audit findings
- 8 – Assist as needed with annual HUD and financial audits
- 9 – Other duties as assigned
- 10 - Honesty and integrity in dealing with others and accountability in standing behind your work; initiative and self-motivation in serving the client, getting the job completed thoroughly and on time; ability to listen to others and understand their needs; confidence in yourself and enthusiasm regarding your service
25
Mortgage Loan Underwriter VA Resume Examples & Samples
- Review sources of income and verifiable income amount in order to ascertain correct debt-to-income calculation. Assess the overall risk and credit quality of loans based on transaction type, analysis of income, assets, credit and collateral
- Ability to review, interpret and analyze loan applicants’ credit histories, income and assets, tax returns, financial statements, and other complex financial information to render a loan decision, and effectively present loans to higher lending authorities
- Review documentation including flood certification, insurance documentation and property tax information to ascertain that correct proposed loan payment amount was calculated correctly. Use of a financial calculator
- Thorough understanding of residential real estate appraisal report requirements and the ability to review appraisals for accuracy
- Comply and stay abreast with Bank Secrecy Act rules, regulations, loan program requirements and investor requirements that may affect underwriting standards or processes
- Assist as needed with annual HUD and financial audits
- Honesty and integrity in dealing with others and accountability in standing behind your work; initiative and self-motivation in serving the client, getting the job completed thoroughly and on time; ability to listen to others and understand their needs; confidence in yourself and enthusiasm regarding your service
26
Commercial Loan Underwriter Resume Examples & Samples
- Review commercial loan applications and analyze credit information to make a general assessment of applicant’s creditworthiness. The proposed loan will conform to the bank’s lending policy
- With guidance from the Senior Portfolio Manager, prepare written summary of loan terms and conditions and a written narrative explaining business background, outlining risk factors and justifying assigned risk rating, ensuring conformity with bank credit policy and procedures and with applicable banking regulations
- Complete Annual reviews in compliance with credit policy
- Analyze recurring cash flow from all types of commercial real estate including Multi-family, Hospitality, Office, Retail and Industrial
- Up to two years related work experience
- Proficient in software applications such as Microsoft Word and Excel
- Good organization skills
27
Junior Consumer Loan Underwriter Resume Examples & Samples
- Review and analyze loan application, credit report, income and asset documentation and purchase agreement to render credit decision in compliance with investor guidelines
- Effectively communicates the loan approval or denial reasons after review of documentation to appropriate party
- Works with internal staff to provide follow up, counter offers and additional information requests
- Refer loan requests exceeding the underwriters individual authority or those not meeting investor guidelines to underwriting manager along with recommendations and documentation in support of recommendation
- Reviews conditions submitted on approved loans and clears conditions when appropriate
- Adheres to all investor guidelines
- Be able to adjust work and thought process to accommodate multiple investor guidelines and requirements
- Employ a strong sense of urgency and ownership, and demonstrate a strong, professional work ethic in all facets of completing work duties
- Perform other duties and special projects as assigned
- 1 to 2 years of consumer loan underwriting
- Ability to analyze and interpret credit reports and financial data weighing risk for reward
- Working knowledge of Microsoft office and financial calculator
- Understanding of federal regulations concerning consumer lending
28
Real Estate Loan Underwriter Resume Examples & Samples
- UNDERWRITING AND RISK MANAGEMENT
- COMMUNITY SERVICE, NEW BUSINESS DEVELOPMENT AND
- Knowledge, Skills and Abilities
- While performing the duties of this job the employee is constantly required to sit, talk, hear, reach with hands and arms, use hands to finger, handle and feel items, write, read and keyboard. The employee is frequently required to stand, walk and climb up and down stairs. Occasionally, the employee must taste or smell, stoop, kneel, crouch or crawl. The employee may infrequently be required to climb or balance and drive a vehicle
- The employee is constantly required to lift and/or move up to 10 pounds. The employee is infrequently required to lift and/or move up to 25 pounds
- Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus
- Must be able to routinely perform work on a computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours whenever required or requested by management
- Must be capable of regular, reliable and timely attendance
- While performing the duties of this job, the employee constantly works indoors, works with others and works around others
- The noise level in the work environment is usually moderate
- While performing the duties of this job, the employee constantly works with time constraints, exercises flexibility, has routine workflow and maintains attentiveness duration and attentiveness intensity. Guidance, reinforcement and co-worker support are constantly available. The employee is constantly involved in social interactions, which constantly require oral and written communications. Must be able to speak clearly and deliver information in a logical and understandable sequence
- Mathematics, memory, reasoning, estimating, problem solving and judgment are constantly used/required on the job
- Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public
- Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters
29
Consumer Loan Underwriter Resume Examples & Samples
- Three to Five years of relevant work experience
- Excellent member service, verbal and written communication skills
- Solid analytical math and reasoning skills
- Ability to work independently and on multiple projects at one time
- Demonstrated strong negotiating skills
- Ability to take initiative and work in a team environment
- Exceptional decision making and problem solving skills
- Demonstrated strong organizational and time management skills
- Ability to be responsible and flexible
- Attention to detail and goal oriented
- Previous experience working with Credit Union Direct Lending (CUDL), Aimbridge, RouteOne, and DealerTrack
- High School Degree or equivalent
30
Mort Loan Underwriter Resume Examples & Samples
- Underwrite Conventional, FHA, VA and Rural Development loans, be able to analyze borrowers' credit to determine if the borrower has the capacity and the willingness to repay the loan. This duty is performed daily, about 20% of the time
- Underwrite mortgage loan applications and evaluate loans in order to maximize organizational profit and minimize risk or loss. This duty is performed daily, about 20% of the time
- Thoroughly examine appraisals to ascertain that the subject property of the loan is adequate security for the loan. This duty is performed daily, about 10% of the time
- Confirm that all documents in the underwriting package are in compliance and that all facets of the loan meet application program guidelines for various investors and government programs. This duty is performed daily, about 5% of the time
- Provide a second review of another HBI underwriter's denial of a loan application. This duty is performed daily, about 5% of the time
- Communicate with loan officers/originators and processors as to current turn times for underwriting, as well as any needed items required for underwriting. This duty is performed daily, about 5% of the time
- Serve as a resource to loan officers/originators and processors in resolving problems with mortgage loan files. This duty is performed daily, about 10% of the time
- Demonstrates a Team Player personality that ultimately delivers good service to the customer while protecting the Bank with prudent underwriting decisions. This duty is performed daily, about 5% of the time
- Refer customers to other bank personnel as needed. This duty is performed daily, about 5% of the time
- Perform daily duties on all bank systems and Mortgage operating systems such as DU, DO, LP, Encompass, and Doc Magic if needed. This duty is performed daily, about 5% of the time
- Identify any needed training for loan officers/originators and processors. This duty is performed daily, about 5% of the time
- Identify Cross selling opportunities. This duty is performed daily, about 5% of the time
- Completes required BSA/AML training and other compliance training as assigned. This duty is performed annually
- Perform any other related duties as required or assigned
- Knowledgeable in the underwriting of VA and Rural Development loans
- Extensive knowledge of all laws and regulations pertaining to mortgage lending function
- Bachelor's degree and 2-5 years experience OR equivalent 6-10 years experience in mortgage lending
- Ability to read and understand financial statements, tax returns, property appraisals, and title work
- Good communication skills, ability to multi-task, and good organization skills
- Ability to communicate both orally and written in clear and concise manner
- Ability to prioritize time and files so that closing deadlines can be met
- Experience with Encompass Anywhere preferred
- 1+ year experience using personal computers
- Experience using Microsoft Office Products
- Proficient telephone and customer service skills
- Ability to sit for long periods
- Be able to lift 20 lbs
- Ability to multi-task well
31
Consumer Loan Underwriter Resume Examples & Samples
- Interviewing applicants for consumer loan requests and managing the loan process including: due diligence, underwriting, loan approval, and loan closing
- Oversee consumer loan portfolio for all functions including maturing loans, origination, documentation exceptions, general customer service, loan collections and loan growth
- Processing construction draws and loan balancing
- Working with retail banking staff to coordinate loan application requests, communicate current loan promotions and train bankers on loan products
- Bachelors Degree with business related coursework or previous consumer lending experience required (accepting loan applications or underwriting)
- Strong understanding of consumer loan regulations
- NMLS registration required
- 3 - 5 years experience taking loan aplicatinos, interviewing loan applicants and processing loan applicants preferred
32
Mortgage Loan Underwriter Resume Examples & Samples
- Two – four years underwriting experience which includes Jumbo, FHA, VA, USDA and manufactured home loans
- Must have manual underwriting experience, as well as experience with DU and LP automated underwriting systems
- Thorough understanding of residential appraisals
- Possess professional judgment, ability to accept responsibility and handle confidential customer information
- Problem solver, researcher, and decision maker
- Willing to work overtime, when needed, to maintain an acceptable response time to our production staff, as outlined by manager
- Maintain effective communication and working relationship with manager, co-workers, branches, home office departments, and correspondents
- Able to work as part of a team, as well as independently, and with people of diverse backgrounds
- Must be a self-starter, dependable, accurate in completing responsibilities in a timely manner with strong attention to detail and organizational skills
- Basic computer skills and a strong familiarity with Microsoft Word, Excel and loan origination systems is required
- Complete a thorough analysis of moderate to complex first- and second-lien loan packages to determine compliance with company and investor guidelines
- Complete qualifying income calculations including the analysis of tax returns and financial information
- Complete detailed loan summaries in order to document the risk evaluation process and mitigant risk factors on exception requests
- Work with Production and Processing staff to find alternate loan and documentation solutions when appropriate
- Communicate all loan decisions with Production and Processing staff, and assist internal partners with questions relating to specific loan files, or guideline interpretations
- Remain organized and adaptable to customer needs
- Ensure daily production goals are met
- Understand and maintain a thorough knowledge of all company, investor, correspondent programs and regulatory requirements
- Assume additional duties as assigned
33
Mortgage Loan Underwriter Resume Examples & Samples
- Perform loan file review to determine compliance with investor guidelines, underwriting philosophy, policy and procedures. Ensure timeliness, accuracy and productivity levels established by management
- Review sources of income and verifiable income amount in order to ascertain correct debt-to-income calculation
- Review documentation including flood certification, insurance documentation and property tax information to ascertain that correct proposed loan payment amount was calculated correctly
- Monitor Loan Scenario email box and answer question within 24 hours, this will involve researching of investor and BOE guideline and overlays
- Determine if LTV, DTI and other criteria comply with lending parameters of various loan programs and investor requirements
- A thorough understanding of FDIC compliance regulations, as related to lending practices with a general knowledge of the bank secrecy act, branch security and safety requirements and other regulations
- A general knowledge of financial principles and concepts to interpret financial reports as it relates to loan underwriting and use of a financial calculator
- Work with Loan Processing Manager to train processors in the most efficient way to process a mortgage loan file. Adhere to investor and BOE Mortgage overlays
- Other duties as assigned by management and assist Underwriters as needed
34
Loan Underwriter Resume Examples & Samples
- Perform all responsibilities in accordance with the compliance, regulatory and Information Protection requirements
- Provide prompt attention and turnaround time on all loan applications. Discuss loan denials, counter offers, and credit underwriting criteria as it pertains to each loan evaluation
- Serve as a resolution contact for member and dealer-related issues that fall within positions lending authority
- Maintain a thorough knowledge of all Credit Bureau issues to educate members on the use of credit
- Evaluate, approve, counteroffer, or deny loans and credit lines within position lending limits and automated scoring guidelines
- Partner with dealerships via the Indirect Lending Channel to purchase paper within designated service levels, and ensure that any potential dealer problems/complaints are resolved promptly and courteously, with follow through to resolution
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Commercial Real Estate Loan Underwriter Resume Examples & Samples
- Review, analyze and preliminary underwrite commercial real estate loans for high net worth clients
- Minimum 5 years of commercial real estate underwriting experience or equivalent desired
- Portfolio underwriting preferred
- All CRE property types preferred
- BA or BS required
- Possess strong communication skills
- Able to work in demanding, fast paced environment
- Demonstrate creativity and thoughtful solutions in framing middle market CRE transactions
- Ability to tactfully and professionally communicate reasons for declining transactions
- Possess excellent verbal and written communication skills and presentation skills
- Strong Excel, Word and PowerPoint skills
- Ability to meet deadlines, multi-task and manage expectations
- Good collaboration skills in a team oriented environment
- Detail orientation with strong organizational and analytical skills
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Loan Underwriter, Small Business Resume Examples & Samples
- Perform underwriting of small business loans in accordance with Lending Club policies and procedures, in a technology-focused setting
- Analyze financial statements and traditional and nontraditional credit information
- Maintain a high level of accuracy and throughput for your pipeline
- Provide feedback and improvements to shape credit policies and procedures
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Mortgage Loan Underwriter Resume Examples & Samples
- Perform loan file review and underwriting to determine compliance with investor guidelines, underwriting philosophy, policy and procedures. Ensure timeliness, accuracy and productivity levels established by management
- Demonstrated ability to be flexible and open minded in restructuring a loan to mitigate risks
- A thorough understanding of FDIC compliance regulations, as related to lending practices with a general knowledge of the bank secrecy act, branch security and safety requirements and other regulations. A general knowledge of financial principles and concepts to interpret financial reports as it relates to loan underwriting and use of a financial calculator
- For loans declined, forward file and findings to second reviewer and communicate results to Loan Officer. For loans conditionally approved, communicate conditions to close to Loan Processor and review additional information once it is provided. For loans approved as submitted, document work and approval and communicate results to Loan Processor
- Assist in any quality control audit findings
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Loan Underwriter Resume Examples & Samples
- Underwrite and decision all new applications in a timely manner
- Ensure all underwriting and decision processes meet established deadlines
- Communicate with management regarding all issues and results
- Evaluate current lending policies and procedures and recommend improvements to increase productivity while maintaining good credit quality and minimal risk to the bank
- Counsel lenders on the proper structuring of loans
- Provide assistance in the training of bank personnel on Consumer Lending related issues
- Assist in the review and audit of loan files approved by branch personnel
- Will perform additional duties and special projects as assigned by the Consumer Loan Manager
- Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control
- Requires a thorough understanding of credit analysis, underwriting, perfection of collateral, loan documentation, administration, policy and procedure
- Strong credit, risk analysis, analytical and decision making skills
- Must remain up to date on all governing Federal and State consumer regulations as they relate to Retail Lending
- Interpersonal skills to meet and deal effectively with the public in a courteous manner responding to a variety of situations with professional discretion
- Well developed written and verbal communication skills to maintain quality customer service in all aspects of the position
- Ability to work independently while supporting a team environment
- Strong ability to prioritize work load and meet deadlines
- Ability to be flexible with work schedule according to department needs
- Good math and organizational skills to ensure the maintenance of complete, accurate loan documentation and follow-up
- Knowledge of credit analysis or underwriting as would normally be obtained through five years of directly applicable experience
- Working knowledge of Microsoft Word, and Excel
- Skills to effectively operate a calculator, typewriter and computer as well as other basic office equipment
- Knowledge of Laser and Cypress
- Knowledge of Mountain West Bank’s products and services
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Mortgage Loan Underwriter Resume Examples & Samples
- Responsible fordetailedunderwritingofmortgagelendingopportunities,including,butnotlimited to, conventional, FHA, VA and USDAloans
- Review (i)theproposedborrower’sincome,assets,liabilities(ii)relevantdemographic,supplyand demand data, (iii) financial statements and tax returns for Borrowers andGuarantors
- Analyze indetailappraisalstoinclude(i)propertyeligibilityasitrelatestoeachloanprogram(ii) current market conditions relating to supply and demand for the property (iii) analyzing the validityof each comparable sale to ensure the market value of the subject property isaccurate
- Assist allloanpersonnelfromtheoriginationstaffallthewaytoclosingpertainingtounderwriting conditions or issues as it may relate to a fundableloan
- Prepare (i) an informal loan write-up with conditions to be met prior to approval, closing, and funding each loan, and (ii) clear each condition as the documentation is provided by the originationstaff
- Provide support for the Loan Closer, Loan Processors, and Mortgage Loan Production staff
- Computer skills including Microsoft Word, Excel and ARGUS
- Superior analytical and writing skills
- Excellent communication skills and professional maturity to discuss complicated issues and opportunities with mortgage origination staff, mortgage loan processors, and closingstaff
- Ability to work under general supervision
- Ability to work well under pressure and with exacting deadlines
- Preferred three (3) years mortgage underwriting experience
- College Degree with a major in Finance or Accounting or 4 years of equivalent experience
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Mortgage Loan Underwriter Resume Examples & Samples
- Validate income used calculated correctly
- Validate income used is acceptable
- Validate assets are acceptable and properly documented
- Analyze the loan file for approval or denial based on applicable guidelines and acceptable lending practices
- Correspond with the investor or agency to support/clarify guidelines and appropriate means of compliance
- Provide feedback and guidance to processors and other underwriters to ensure continual learning
- Possesses the technical and computer skills required in the position
- Demonstrates the ability to learn rapidly and adapt quickly to new processes and technology
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Mortgage Loan Underwriter Resume Examples & Samples
- Highly Motivated
- Analytical
- Must have top notch communications and customer service skills
- Minimum 2 years recent underwriting experience with DE Certifications
- Working knowledge of AUS systems and MS Office
- Experience with VA/LAPP preferred
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Consumer Loan Underwriter Resume Examples & Samples
- 4 plus years' experience in underwriting is desired
- Well organized
- Positive and professional
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Consumer Loan Underwriter Resume Examples & Samples
- Reviews and evaluates borrower(s) profile including but not limited to all income documentation (including complex business and personal tax returns), credit reports, asset documentation, purchase agreements, preliminary title report and appraisals
- Reviews loan approval conditions prior to funding of loan and reworks loans if applicable to new terms, identifying applicable requirements as needed
- Maintains pre-established service level standards of decisions within set time frames
- Analyzes requests for exceptions to Bank policy and determines acceptability to the Bank's risk requirements
- 5-10 years front-line underwriting experience with 3-5 years recent manual underwriting experience of residential mortgages
- Jumbo (non-conforming) loan underwriting experience preferred
- Understanding of TILA /RESPA and QM regulations
- Proficient in LOS systems, Microsoft Office and Excel. Ability to adapt/learn/utilize a variety software programs. Paperless environment experience desired
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Bank SBA Loan Underwriter Resume Examples & Samples
- Acquaintance with commercial and industrial lending, commercial real estate, government guaranteed lending, and/or construction lending
- Effectively interacts with clients concerning understanding financial performance, renewals, extensions, past dues, and other credit related matters
- Understands regulatory compliance and insures appropriate risk assessment and problem loan recognition
- 5+ years of experience in one or a combination of the following: SBA underwriting, client service, loan administration, or collections, or sales environment
- 3+ year of management experience
- Intermediate Microsoft Office skills
- Robust analytical skills including the Capacity to analyze financial metrics
- Experience in an operations support area that handles scheduling, staffing, planning, and administration
- Acquaintance and understanding of Small Business Administration (SBA) Standard Operating Procedures (SOP) and Policies
- A BS/BA degree or higher in accounting, finance, or economics
- Acquaintance and understanding of CRM, Small Business Administration products, or Credit Origination systems
- Capacity to achieve high production and quality standards
- Acquaintance and understanding of real estate or commercial loans
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SBA / Government Loan Underwriter Resume Examples & Samples
- Act as the SBA/Government Loan program production resource for bank Commercial Lenders
- Collaborate with Business Bankers, Commercial Lenders and other Trusted Advisors through participation in joint calls with SBA borrowers
- Act as a resource to Branch lenders on eligibility requests, to identify qualifying borrowers and improve acquaintance of SBA/Government Loan Programs
- Work with the bank’s SBA/Government Loan Program Manager on development and maintenance of Bank products and procedures related to SBA/Government Loans
- Distribute Lender SBA/Government Program training
- Sustain compliance with all lending requirements based on all SBA standard operating procedures (SOP); act as indorsing officer or review and sign off on Loan Committee Applications for 7a, 504 and other Government Program loan requests
- Receive inquiries from clients for government loans; interview loan applicants and attain necessary information to safeguard a complete credit application is obtained
- Act as the first filter for SBA eligibility compliance on multipart transactions, recommending and completing review of other Government Loan applications preceding to approval
- Meet individual production, loan management and additional assigned goals
- Advance strategies to sell SBA and other Government Loan programs to clients and prospects; increase loan portfolio, developing client/prospect lists within assigned market area
- Maintain wide-ranging acquaintance of competitor's products, services and activities in the market area
- Participate in internal/external training to maintain acquaintance of SBA and other Government Program lending activities, compliance, regulations and other training as vital
- Obey to all bank policies and procedures and assist team members as appropriate
- Actively participate in NAGGL as a bank representative
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Senior Mortgage Loan Underwriter Resume Examples & Samples
- Review and validate the calculations submitted by the process
- Validate asset value calculations
- Review and analyze the file set up for compliance with product requirements
- Validate Automated Underwriting system (AUS) findings match the file information and set up
- Validate the product is acceptable for the investor selected
- Perform second reviews on loan files denied while in processing
- Collaborate with the processor prior to underwriting on loan files with difficult characteristics
- Completion of HMDA related information on all files reviewed
- Assist with policy changes
- Understands processes and procedures necessary to successfully perform tasks
- Performs the role’s essential functions successfully using required systems and processes
- Meets established service levels for productivity, accuracy and customer service
- Open to change and learning new skills to improve work processes
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Consumer Loan Underwriter Resume Examples & Samples
- Must have a Bachelor's degree or equivalent work experience
- Must have 3-5 years of lending and credit review experience, including a strong background reviewing personal and business financial statements and tax returns with proven ability to render sound credit decision on own authority
- Must have a strong knowledge in Consumer loan underwriting and analysis, including the review and interpretation of client financial statements and tax returns
- Incumbent may be required to sit for prolonged periods of time
- This position requires regular lifting and moving of 10-25 lbs
- Specific vision abilities required by this job include close vision, distance vision, depth perception and ability to adjust focus
- Incumbent must also have the ability to count accurately and the ability to add, subtract, multiply, divide and record, balance and check results for accuracy
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Commercial Real Estate Loan Underwriter Resume Examples & Samples
- Self-starter, attention to detail, excellent writing skills
- Clear understanding of and experience with the due diligence and underwriting process, familiarity with a variety of asset classes, debt structures, valuation models, etc
- Solid understanding of and familiarity with commercial leases, ability to build/analyze a rent roll, ability to analyze and summarize various borrower, guarantor and property-level financial reports as well as third-party reports (appraisal, ESA, PCA)
- Ability to research, solicit and analyze market/submarket data and trends from CoStar, brokers, appraisers and other sources of information
- Ability to identify and communicate various strengths, weaknesses and potential mitigants of a real estate loan and/or collateral
- 3-5 years commercial real estate acquisition or debt origination underwriting experience, including property inspection experience
- GSE Multifamily underwriting experience required for Agency Multifamily and Agency Senior/Affordable Housing positions, including property inspection experience, working for an Agency lender or GSE
- Strong Excel skills, familiarity with MS Office Suite. Argus experience a plus
- Solid writing and presentation skills, ability synthesize large volumes of information and clearly and concisely communicate relevant points both in writing and verbally
- Undergraduate degree in Real Estate, Finance, Economics or related field
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SBA Loan Underwriter Manager Resume Examples & Samples
- Analyzing and underwriting the overall financial strength and weaknesses of each borrower through review of current and historical financial information. Able to read and interpret financial statements, cash flow, tax returns, and 3rd party credit reports to assess borrower and guarantor support
- Prepare accurate, objective, and comprehensive credit write ups based on in depth analysis of financial data within established time frames
- Analyze various types of collateral as a secondary source of repayment. Able to review market reports and determine strengths/weaknesses of market conditions
- 9+ years of experience in one or a combination of the following: SBA underwriting, client service, loan administration, or collections, or sales environment
- 6+ year of management experience
- Microsoft Office skills
- Robust analytical skills including the capacity to analyze financial metrics
- Outstanding verbal, written, and interpersonal communication skills
- Capacity to interact with all levels of an organization
- Experience developing partnerships and collaborating with other business and functional areas
- Small Business Administration (SBA) 7a and 504 Lending experience
- Understanding of CRM, Small Business Administration products, or Credit Origination systems
