Loan Underwriter Resume Samples

A Loan Underwriter commonly referred to as the Loan Officer undertakes the crucial task of making decisions with regards to loan applications. To fulfil this task, the Loan Underwriter Resume mentions the following tasks and duties – evaluating if the loan application is eligible for getting loan, checking and assessing the legal capacity of the applicant, understanding and determining if the applicant is financially sound to repay the loan, detecting the credit history, ensuring compliance with industry’s rules and regulations; performing income and property checks, making credit analysis, conducting timely reviews on decision taken, and re-submitting existing loan files.

The candidates applying for this role should have at least a bachelor’s degree and also exhibit the following skills and abilities – analytical thinking skills, attention to details; financial acumen and ethics; demonstrable knowledge of basic accounting theories, credit principles, lending functions, loan research, and general credit policies.

Loan Underwriter Resume example

Loan Underwriter Resume

Headline : Loan Underwriter position that will afford the opportunity to assist the customer in the public or private sector, that will allow advancement, while utilizing the skills acquired through formal education and work experience.

Skills : Microsoft Office, Loan Processor

Description :

    1. Interviewed applicants and requested information for completion of loan applications.
    2. Developed personal knowledge and understanding of members' financial needs and situations in order to analyze applicant financial status, credit worthiness, and property evaluation to determine feasibility of granting loans, while mitigating risk to the credit union.
    3. Ensured loan agreements were complete and accurate according to credit union policies.
    4. Responsible for explaining the philosophy, objectives, and policies of the credit union.
    5. Cross-sold products and constantly looked for opportunities to enhance credit union profitability.
    6. Effectively managed our sales team and conducted department meetings to ensure sales goals and objectives were achieved while periodically providing performance reviews on production levels.
    7. Adhered to local, state, and federal laws, compliance, and regulatory requirements including Truth in Lending.
Years of Experience
Experience
5-7 Years
Experience Level
Level
Executive
Education
Education
MBA In Finance


Sr. Loan Underwriter Resume

Summary : Professional with 13 years of experience focusing on credit underwriting, retail and prepaid banking, risk analysis and customer service. Strong business background developed through practical applications. Able to establish rapport and credibility with diverse groups ranging from front line employees to executives.

Skills : Microsoft Office, Documentation.

Description :

    1. Maintain and manage loan file and document status information through the use of both system generated and Manually prepared pipeline reports, adhering to established follow-up procedures.
    2. Document receipt into information systems or department's manual reports.
    3. Communicate by phone, written or electronic communication with internal and external customers.
    4. Utilize intranet publications and department communications in order to keep up-to-date with state, federal, and TCF regulatory and procedural policies.
    5. Assist management with maintaining department policy and procedure manuals.
    6. Underwrote unsecured online credit consumer files by analyzing credit documents, reviewing loan conditions and income documentation.
    7. Negotiated credit terms, interest rates, loan structures and collateral specifications to close and fund loans.
Years of Experience
Experience
10+ Years
Experience Level
Level
Senior
Education
Education
Business Administration


Jr. Loan Underwriter Resume

Summary : Over 2 years of experience in medical claims processing as a processor and 3+ years in the mortgage industry as a loan specialist and underwriter.

Skills : Loan Analyst, Loan Processor.

Description :

    1. Accurately underwrite borrower's income, review pay stubs, tax documents, UE benefit statements, and profits and loss documentation.
    2. Handles multiple mortgage products that are 60+ days delinquent, as governed by investor, departmental and legal guidelines.
    3. Analyze financial statements, tax returns, credit reports, and the value of the collateral in order to determine and recommend the most feasible workout to the borrower.
    4. Review title searched to ensure that no title issues threaten our investor's lien on the property.
    5. Certifies that all required actions have taken place prior to completing a denial letter and submitting file for Foreclosure sale.
    6. Ensures compliance with company policies and procedures Senior Closing Team Lead.
    7. Prepare and execute a thorough and accurate review of the file to ensure the loan is in compliance with Investor, State and Federal guidelines.
    8. Complete loan close out process associated with varying investor workouts.
Years of Experience
Experience
7-10 Years
Experience Level
Level
Management
Education
Education
Business Administration

Loan Underwriter III Resume

Summary : Successful record of minimizing risk and protecting banks' assets through strict compliance with underwriting guidelines. Strong analytical, sales, managerial, customer service and communications skills. Able to train and development personnel in large and small groups.

Skills : Banking, Finance.

Description :

    1. Underwrite ethical and salable residential mortgage loans and evaluate risk while insuring the quality of each loan submitted.
    2. Approve loans, issue alternative options, or adverse action accordingly using sound judgment while applying bank policies and procedures.
    3. Validate the data entry to the appropriate Loan Operating System and evaluate all applicable documentation as required by job function.
    4. Evaluate all documents and condition loan accordingly.
    5. Inform Processor of any additional items necessary to substantiate loan request.
    6. Identify loans for exceptions while ensuring proper procedures are followed for approval and documentation.
    7. Assist in clearing or resolving any issues.
Years of Experience
Experience
7-10 Years
Experience Level
Level
Management
Education
Education
BA In Communications

Loan Underwriter II Resume

Headline : Professional with 13+ years of experience in the real estate and mortgage industries. Successful record of minimizing risk and protecting banks' assets through strict compliance with underwriting guidelines.

Skills : Loan Specialist, Loan Analyst.

Description :

    1. Renders appropriate credit decision within credit policy and in compliance with all regulations.
    2. Structures approvals to maximize profit and enhance dealer relationships.
    3. Reviews financial statements, credit reports, and applicable ratios.
    4. Prepares formal reports for review; ensuring that documents are consistent and uphold to company and industry guidelines.
    5. Determines outcomes for applications; placing emphasis on response time, quantity of applications processed, and quality of applications approved.
    6. Provides prompt, accurate response to all internal and external customer inquiries.
    7. Determined the risk based on the parameters set by the lender.
Years of Experience
Experience
5-7 Years
Experience Level
Level
Executive
Education
Education
IT

Loan Underwriter I Resume

Summary : Loan Underwriter, you will be part of our Underwriting Department. Our department is made up of experienced underwriters who work fast to conduct a comprehensive review of loans and make sure all information is accurate.

Skills : Microsoft Office LOIS, WebQuery, Workflow, DataTrac, PCLender, DocMagic, Blitz Docs.

Description :

    1. Responsible for managing 10-13 Underwriters and directing the team's daily workload by reviewing pipeline reports.
    2. Held daily meetings to go over any changes to guidelines, policies and procedures.
    3. Underwrote 7+ modifications per day for the HAMP program and re-qualifying to proprietary programs if eligible.
    4. Entered all information into IAM Workflow and CPI systems to determine plan availability.
    5. Reviewed underwriting guidelines to make sure that all necessary second level reviews were obtained prior to final underwriting review.
    6. Analyzed the application to make sure that the information was complete and accurate.
    7. Reviewed all borrower income and asset documents to verify income and to ensure the loan files were underwritten properly.
Years of Experience
Experience
7-10 Years
Experience Level
Level
Management
Education
Education
AA In Business

Loan Underwriter/Processor Resume

Summary : Extensive experience in loan approval, customer retention and home loan refinancing. Exceptional customer service Risk management evaluation background Strong sense of ethics.

Skills : Loan Processor, Loan Analyst.

Description :

    1. Reviewed loan applications and associated documentation, ensuring thoroughness and accuracy.
    2. Modified loans to new terms or identified new terms as needed.
    3. Analyzed and verified loan-to-value ratios, completeness of application information, credit reports, and other financial statements.
    4. Maintained acceptable turnaround times for applications submitted for pre-approval and on funding packages.
    5. Managed client and staff relationships, serving as the key contact for loan officers.
    6. Implemented fraud detection techniques and completed all requests in a timely manner.
    7. Coordinated and performed a range of staff functions as well as operational activities, serving as a liaison with multiple departments resolving day-to-day issues.
Years of Experience
Experience
7-10 Years
Experience Level
Level
Management
Education
Education
Bachelor Of Science

Loan Underwriter/Specialist Resume

Summary : Loan Underwriter prospective addition to your organization, experienced wearing many hats, ready to thrive in a challenging and demanding role.

Skills : Loan Processor, Loan Specialist.

Description :

    1. Interviews, budgets, credit scores, verify, and evaluate each loan applicant.
    2. Renders lending decisions and issues condition statement with proper risk vs.
    3. Closes all loans, insuring that all objectives are met.
    4. Creates loan files for each account, monitoring for completeness, correctness and compliance with lending decision.
    5. Monitors collection activity and production daily.
    6. Achieves delinquency goals, charge-off goals and collection goals.
    7. Reviewed and decisioned sub-prime auto loan applications.
Years of Experience
Experience
7-10 Years
Experience Level
Level
Management
Education
Education
Banking

Consumer Loan Underwriter Resume

Summary : To work as a background investigator for a corporate entity and find out whether employees hold good character, conduct, social demeanor, moral ethics, and clean records.

Skills : Loan Processor, Loan Analyst.

Description :

    1. Carefully reviewed all information in client's application.
    2. Verified client's assets to assess the ability of the client to repay the loan.
    3. Assessed the client's credit report to determine whether the client was willing to repay the loan.
    4. Assigned appraisers to determine that the loan was worth the amount of the loan.
    5. Entered complete and accurate data into systems to ensure data integrity.
    6. Provided prompt, quality service to the finance companies in a friendly and professional manner.
    7. Maintained knowledge of underwriting guidelines and stayed current with the department requirements.
Years of Experience
Experience
7-10 Years
Experience Level
Level
Management
Education
Education
Diploma

Loan Underwriter Resume

Summary : Loan Underwriter plays an important role in the organization by performing a variety of activities directly related to the company's Production functions.

Skills : Loan Specialist, Loan Processor.

Description :

    1. Reviewed and approved Equity Powerline Loan Modifications.
    2. Processed land loan modifications for approval.
    3. Sent executed documents to title for recording.
    4. Reviewed loans with self-employed borrowers.
    5. Started to review delinquent loans to assist borrower with capitalization and trial payments.
    6. Transferred to Consumer Loans.
    7. Reviewed various consumer loans for approval/denial.
Years of Experience
Experience
10+ Years
Experience Level
Level
Senior
Education
Education
Vocational In Business