| Loan Underwriter I Job Description |
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| The following is a full job description for Loan Underwriter I. Here are the requirements and responsibilities for Loan Underwriter I along with statistics. If after reading this page you determine that Loan Underwriter I is not the position you are looking for, you may want to try one of these similar titles: Mortgage Underwriter I, Loan Processing Quality Analyst I, Underwriter I, Loan Processor III, Underwriter (Life) I, Loan Processor II, Mortgage Underwriter III, Mortgage Underwriter II, Loan Processing Quality Analyst III |
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| Requirements and Responsibilities For Loan Underwriter I |
| Evaluates the risk of loan and credit applications against the firm's objectives and borrowing guidelines using analysis and assessment of creditworthiness criteria. Reviews the applicant's financial status, documents, data, and applicable collateral. Makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. May present to a loan committee. Defines the loan structure consisting of interest rates, repayment terms, and allowed loan amounts. Complies with all federal regulations, state laws, and internal policies related to lending. Responds to inquiries from internal and external stakeholders. Typically requires a bachelor's degree. Typically reports to a supervisor or manager. Work is closely managed. Works on projects/matters of limited complexity in a support role. Typically requires 0-2 years of related experience. |
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| Also referred to as: Consumer Loan Credit Analyst I, Credit Analyst I - Lending |
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| Similar Jobs: Mortgage Underwriter I, Loan Processing Quality Analyst I, Underwriter I, Loan Processor III, Underwriter (Life) I, Loan Processor II, Mortgage Underwriter III, Mortgage Underwriter II, Loan Processing Quality Analyst III |
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| Level of Education: Loan Underwriter I Salaries with a Bachelor's Degree, Loan Underwriter I Salaries with a Master's Degree or MBA, Loan Underwriter I Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Business Services, Edu., Gov't. & Nonprofit, Financial Services | |
