Loan Underwriter

Placements24; Queenstown (MD); On-site; USD 65,000 - 95,000; Full time

Benefits offered by this job

Competitive salary

Performance incentives

Health benefits

Retirement plan

Professional development

Stable role

Team environment

Job summary

Placements24 is seeking an analytical Loan Underwriter to join their Queenstown, MD team. The role involves reviewing financial documentation, assessing creditworthiness, and making informed decisions on loan approvals or rejections in compliance with policies and regulations.

You will evaluate borrower histories, analyze income, and verify documents, while coordinating with loan officers, applicants, and stakeholders to ensure timely, accurate outcomes.

Qualifications

• 3+ years of experience in loan underwriting or credit analysis.
• Strong credit risk assessment and financial statement analysis skills.
• Familiarity with underwriting software and CRM systems.
• Attention to detail and strong organizational abilities.
• Knowledge of federal and state lending regulations.

Responsibilities

• Evaluate loan applications and assess borrower credit history and collateral.
• Analyze financial statements and income verification.
• Determine eligibility based on underwriting guidelines and risk parameters.
• Approve, decline, or counter-offer with clear rationale.
• Ensure compliance with lending regulations and internal policies.
• Communicate status and requirements with loan officers and borrowers.

Skills

Credit risk assessment

Financial statement analysis

Analytical thinking

Tools

underwriting software

CRM systems

Job description

About the Role

Our client is seeking a detail-oriented and analytical Loan Underwriter to join their team in Queenstown . This role is fundamental to the lending process, involving the meticulous assessment of loan applications to determine creditworthiness and risk. You will review financial documentation, verify information, and make informed decisions regarding loan approvals or rejections, ensuring adherence to company policies and regulatory guidelines within the banking and finance sector. The successful candidate will possess strong analytical skills and a keen eye for detail, contributing to the sound financial health of the institution.

Key Responsibilities

• Evaluate loan applications, assessing borrower credit history, financial capacity, and collateral.
• Analyze financial statements, income verification, and other supporting documents.
• Determine loan eligibility based on established underwriting guidelines and risk parameters.
• Approve, decline, or counter-offer loan requests, providing clear rationale for decisions.
• Ensure compliance with all federal and state lending regulations and internal policies.
• Communicate effectively with loan officers, borrowers, and other stakeholders regarding application status and requirements.

Requirements

• Minimum of 3 years of experience in loan underwriting, credit analysis, or a related role within the financial services industry.
• Strong understanding of credit risk assessment, financial statement analysis, and lending regulations.
• Proficiency in using underwriting software and CRM systems.
• Excellent analytical, decision-making, and problem-solving skills.
• High level of attention to detail and organizational skills.

Benefits

• Competitive salary and performance-based incentives.
• Comprehensive health and retirement benefits.
• Opportunities for professional development and certifications in underwriting.
• A stable role contributing to the core lending operations of a reputable company in Queenstown .

Supportive team environment focused on accuracy and efficiency.