Loan Underwriter Resume Example

Common Responsibilities Listed on Loan Underwriter Resumes:

  • Analyze loan applications and supporting documentation to determine creditworthiness of applicants
  • Review and verify accuracy of borrower’s income, assets, and liabilities
  • Evaluate credit history and assess risk of loan default
  • Calculate debt-to-income ratios and compare to established standards
  • Review appraisals and title documents to ensure accuracy and completeness
  • Ensure compliance with federal, state, and local regulations
  • Make decisions regarding loan approval, denial, or counteroffer
  • Communicate decisions to loan officers and other stakeholders
  • Maintain detailed records of loan processing activities
  • Monitor loan portfolio performance and identify areas of risk
  • Develop and implement strategies to reduce loan delinquency
  • Provide guidance and support to loan officers and other staff members

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Loan Underwriter Resume Example:

A strong Loan Underwriter resume should emphasize achievements in reducing delinquency rates, streamlining loan processing activities, and improving the accuracy and efficiency of loan application evaluations. Highlighting experience in managing large loan portfolios, collaborating with stakeholders to mitigate risk, and developing training programs for loan officers can showcase your expertise in the field. Additionally, showcasing your ability to maintain compliance with regulations and ensure the accuracy of borrower information can further demonstrate your attention to detail and commitment to quality underwriting.
Clarence Beaumont
clarence@beaumont.com
(323) 334-4455
linkedin.com/in/clarence-beaumont
@clarence.beaumont
Loan Underwriter
Highly skilled Loan Underwriter with 4 years of experience in analyzing loan applications and developing risk mitigation strategies. Proven track record in achieving high approval rates and maintaining low delinquency rates, while streamlining loan processing activities and improving accuracy and efficiency of junior underwriters. Committed to compliance with federal, state, and local regulations, and dedicated to collaborating with loan officers and stakeholders to identify areas of risk and implement effective solutions.
WORK EXPERIENCE
Loan Underwriter
03/2022 – Present
Lendwise Financial Services
  • Reduced loan delinquency rates by 15% through the development and implementation of risk mitigation strategies.
  • Streamlined loan processing activities, resulting in a 20% increase in loan application approvals and a 10% reduction in processing time.
  • Mentored and trained junior loan underwriters, resulting in a 25% improvement in their accuracy and efficiency.
Loan Portfolio Manager
03/2020 – 03/2022
Capital Trust Bank
  • Managed a loan portfolio of $50M, achieving a 95% approval rate and maintaining a delinquency rate below 2%.
  • Collaborated with loan officers and other stakeholders to identify areas of risk and implement solutions, resulting in a 10% reduction in loan defaults.
  • Developed and implemented a training program for loan officers, resulting in a 30% increase in loan application quality and accuracy.
Junior Loan Underwriter
03/2019 – 03/2020
BrightPath Lending Solutions
  • Analyzed loan applications and supporting documentation for a portfolio of $100M, achieving a 98% approval rate and maintaining a delinquency rate below 1%.
  • Developed and implemented a loan underwriting process that complied with federal, state, and local regulations, resulting in a 100% compliance rate.
  • Reviewed and verified accuracy of borrower's income, assets, and liabilities, resulting in a 25% reduction in loan application errors and inaccuracies.
SKILLS & COMPETENCIES
  • Risk assessment and mitigation
  • Loan processing and approval
  • Regulatory compliance
  • Portfolio management
  • Financial analysis
  • Attention to detail
  • Training and mentoring
  • Collaboration and communication
  • Problem-solving
  • Time management
  • Decision-making
  • Credit analysis
  • Documentation review
  • Loan origination software proficiency
  • Customer service
COURSES / CERTIFICATIONS
Mortgage Credit Certificate Specialist (MCCS)
04/2023
National Association of Mortgage Underwriters (NAMU)
Certified Mortgage Underwriter (CMU)
04/2022
National Association of Mortgage Underwriters (NAMU)
Certified Residential Underwriter (CRU)
04/2021
Mortgage Bankers Association (MBA)
Education
Bachelor of Science in Finance
2016 - 2020
Baruch College, City University of New York
New York, NY
Risk Management and Insurance
Real Estate

Top Skills & Keywords for Loan Underwriter Resumes:

Hard Skills

  • Credit Analysis
  • Financial Statement Analysis
  • Risk Assessment
  • Loan Structuring
  • Loan Documentation Review
  • Compliance and Regulatory Knowledge
  • Underwriting Guidelines and Procedures
  • Loan Origination Systems
  • Fraud Detection and Prevention
  • Loan Pricing and Valuation
  • Collateral Evaluation
  • Communication and Negotiation Skills

Soft Skills

  • Attention to Detail and Accuracy
  • Analytical and Critical Thinking
  • Time Management and Prioritization
  • Communication and Interpersonal Skills
  • Decision Making and Problem Solving
  • Adaptability and Flexibility
  • Empathy and Customer Service
  • Teamwork and Collaboration
  • Organizational and Planning Skills
  • Conflict Resolution and Negotiation
  • Ethics and Integrity
  • Stress Management and Resilience

Resume Action Verbs for Loan Underwriters:

  • Analyzed
  • Evaluated
  • Approved
  • Assessed
  • Mitigated
  • Negotiated
  • Scrutinized
  • Verified
  • Calculated
  • Investigated
  • Collaborated
  • Communicated
  • Delegated
  • Prioritized
  • Facilitated
  • Monitored
  • Implemented
  • Advised

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Resume FAQs for Loan Underwriters:

How long should I make my Loan Underwriter resume?

The ideal length for a Loan Underwriter resume is typically one to two pages. However, the length of your resume should ultimately depend on your experience and career stage. For entry-level or early-career Loan Underwriters, one page is usually sufficient. Experienced Loan Underwriters with extensive accomplishments and a longer work history may require two pages, but it's essential to ensure that every piece of information is relevant and valuable. When determining what to include on your resume, prioritize the most relevant and recent experience, skills, and achievements. Focus on the accomplishments that demonstrate your expertise in loan underwriting and your ability to drive results. Use concise language and bullet points to describe your experience and achievements, and avoid long paragraphs or unnecessary details. Customizing your resume for each job application, focusing on the skills and experiences most relevant to the specific Loan Underwriter role you're applying for, will help you present a targeted and impactful resume, while also ensuring you stay within the one to two-page limit.

What is the best way to format a Loan Underwriter resume?

The best way to format a Loan Underwriter resume is to create a clear, concise, and well-organized document that effectively showcases your skills, experience, and qualifications. Here are some tips and recommendations for formatting a Loan Underwriter resume: Consistent formatting: Ensure consistency in formatting throughout your resume, including font size, typeface, and spacing. Using a consistent format helps make your resume easy to read and navigate, making it more likely that hiring managers will review your entire document. Clear section headings: Clearly label each section of your resume (e.g., "Summary," "Experience," "Skills," "Education") with bold or underlined headings. This helps guide the reader's eye and makes it easier for them to find the information they're looking for. Use bullet points: Use bullet points to present your experience and achievements in a concise and easy-to-read format. This helps break up large blocks of text and enables hiring managers to quickly scan your resume for relevant information. Highlight relevant experience: Focus on highlighting your experience in underwriting loans, including any specific types of loans you have experience with. This will help demonstrate your expertise and make you a more attractive candidate to potential employers. Quantify your achievements: Whenever possible, quantify your achievements in terms of dollars saved, loans processed, or other measurable metrics. This helps demonstrate your impact and value as an underwriter. Include relevant certifications: If you have any relevant certifications, such as Certified Mortgage Underwriter (CMU) or Certified Residential Underwriter (CRU), be sure to include them on your resume. This will help demonstrate your expertise and make you a more competitive candidate. Overall, the key to formatting a successful Loan Underwriter resume is to focus on clarity, organization, and relevance. By following these tips and recommendations, you can create a resume that effectively showcases your skills and experience, and helps you stand out from other candidates.

Which keywords are important to highlight in a Loan Underwriter resume?

As with any Underwriter position, as a Loan Underwriter it should be your goal to make your resume stand out and effectively showcase your skills and experience. It's essential to include relevant keywords and action verbs throughout in order to do this. These terms will not only help your resume pass through Applicant Tracking Systems (ATS) but also catch the attention of hiring managers. Here are some important keywords and action verbs to consider incorporating into your resume: Keywords: 1. Loan Underwriting 2. Risk Assessment 3. Credit Analysis 4. Financial Analysis 5. Mortgage Lending 6. Loan Origination 7. Loan Processing 8. Compliance 9. Credit Scoring 10. Loan Portfolio Management 11. Appraisal Review 12. Loan Documentation 13. Fraud Detection 14. Regulatory Guidelines 15. Collateral Evaluation Action Verbs: 1. Analyzed 2. Evaluated 3. Assessed 4. Reviewed 5. Approved

How should I write my resume if I have no experience as a Loan Underwriter?

Writing a resume with little to no experience as a Loan Underwriter can be challenging, but it's not impossible. By focusing on your transferable skills, relevant coursework, and demonstrating your passion for the field, you can create a resume that stands out to hiring managers and recruiters. Here are some tips to help you craft an effective resume: Emphasize transferable skills: Even if you don't have direct loan underwriting experience, you likely have transferable skills that are valuable in the field. These can include attention to detail, analytical skills, risk assessment, financial analysis, and communication. Make sure to highlight these skills throughout your resume. Showcase relevant coursework: If you've taken any courses, either in school or as part of your previous roles, that are related to loan underwriting, make sure to include them on your resume. This can include accounting, finance, economics, or business law. Explain your role in these courses and the impact they had on your understanding of loan underwriting. Highlight education and certifications: If you have a degree in a relevant field, such as finance or accounting, be sure to mention it. Additionally, include any loan underwriting certifications or courses you've completed, such as the National Association of Mortgage Underwriters (NAMU) or courses from platforms like Coursera or Udemy. Demonstrate your passion for the field: Lastly, make sure to demonstrate your passion for loan underwriting. This can include any volunteer work or internships you've completed in the field, as well as any relevant hobbies or interests. Hiring managers want to see that you're committed to the field and have a genuine interest in loan underwriting. By following these tips, you can create a resume that showcases your transferable skills, relevant coursework, and passion for loan underwriting, even if you have little to no direct experience in the field.

Compare Your Loan Underwriter Resume to a Job Description:

See how your Loan Underwriter resume compares to the job description of the role you're applying for.

Our new Resume to Job Description Comparison tool will analyze and score your resume based on how well it aligns with the position. Here's how you can use the comparison tool to improve your Loan Underwriter resume, and increase your chances of landing the interview:

  • Identify opportunities to further tailor your resume to the Loan Underwriter job
  • Improve your keyword usage to align your experience and skills with the position
  • Uncover and address potential gaps in your resume that may be important to the hiring manager

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