| Loan Underwriting Manager I Job Description |
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| The following is a full job description for Loan Underwriting Manager I. Here are the requirements and responsibilities for Loan Underwriting Manager I along with statistics. If after reading this page you determine that Loan Underwriting Manager I is not the position you are looking for, you may want to try one of these similar titles: Underwriting Manager - Life, Underwriting Manager, Underwriting Assistant I, Loan Processing Quality Analyst I, Underwriting Senior Manager, Loan Processing Manager, Loan Underwriting Manager II, Loan Underwriting Director, Loan Underwriting Supervisor |
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| Requirements and Responsibilities For Loan Underwriting Manager I |
| Manages the daily operations of an underwriting unit that 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. May respond to escalations of non-conforming loans that require approval review using an exception process. Requires a bachelor's degree. Typically reports to a director. Manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. |
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| Also referred to as: Consumer Loan Credit Supervisor II, Credit Senior Supervisor - Lending |
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| Similar Jobs: Underwriting Manager - Life, Underwriting Manager, Underwriting Assistant I, Loan Processing Quality Analyst I, Underwriting Senior Manager, Loan Processing Manager, Loan Underwriting Manager II, Loan Underwriting Director, Loan Underwriting Supervisor |
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| Level of Education: Loan Underwriting Manager I Salaries with a Bachelor's Degree, Loan Underwriting Manager I Salaries with a Master's Degree or MBA, Loan Underwriting Manager I Salaries with a JD, MD, PhD or Equivalent |
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| Industries: Business Services, Edu., Gov't. & Nonprofit, Financial Services, MFG Durable | |
