CREDIT UNDERWRITER SKILLS, EXPERIENCE, AND JOB REQUIREMENTS
Published: August 30, 2024 - The Credit Underwriter possesses complete knowledge and understanding of bank operations, policies, and procedures, combined with strong analytical skills and the ability to think and act independently. Demonstrates expertise in general banking, including client service and overall operations, with excellent verbal and written communication skills. Capable of working independently in a deadline-driven environment while maintaining attention to detail and interacting effectively with clients, staff, and management.
Essential Hard and Soft Skills for a Standout Credit Underwriter Resume
- Financial Analysis
- Risk Assessment
- Credit Scoring
- Financial Modeling
- Loan Underwriting
- Industry Analysis
- Data Interpretation
- Regulatory Compliance
- Financial Statement Spreading
- Appraisal Review
- Analytical Thinking
- Attention to Detail
- Problem-Solving
- Communication
- Decision-Making
- Time Management
- Independence
- Adaptability
- Customer Service
- Team Collaboration
Summary of Credit Underwriter Knowledge and Qualifications on Resume
1. BA in Finance with 5 years of Experience
- Underwriting experience working in the financial services industry.
- An understanding of risk management
- An understanding of Regulatory compliance in relation to credit
- Experienced in financial statement analysis
- Good interpersonal skills
- Ability to exercise independent judgment and employ basic reasoning skills
- Strong PC skills, proficient in MS Office, excellent in Excel, CASH Suite
- Experience in corporate credit analysis, financial analysis/modeling, and projections gained from a financial institution
- Highly analytical, detail-oriented, have exceptional financial acumen and ethics during the credit evaluation process.
- Candidate must demonstrate knowledge of basic accounting theories, credit principles, lending functions, loan research, and general credit policies.
- Possess excellent organizational skills and meticulous work habits to accurately evaluate many financial variables and reach appropriate conclusions.
2. BA in Accounting with 7 years of Experience
- Understanding of business structures, loan documentation, and related legal issues.
- Complete knowledge and understanding of bank operations, policies, and procedures.
- Analytical skills coupled with the ability to think and act independently and creatively.
- Strong general banking experience, including client service issues and overall bank operations.
- Excellent verbal and written communication skills
- Ability to deal professionally with branch issues, problems, and questions.
- Ability to work independently with limited direction from supervisor.
- Ability to work successfully in a deadline-driven environment.
- Excellent attention to detail and accuracy, good organizational, research, and follow-up skills.
- Ability to interact with all levels of clients, staff, and management.
- Underwriting business credit applications experience.
3. BA in Economics with 6 years of Experience
- Proficient in handling existing and new lending products.
- Proficient in the use of digital technology as a method of loan processing such as Loans end to end and loan leads.
- Strong problem-solving, analytical, mathematical, and organizational skills
- Must be detail-oriented with the ability to multi-task and maintain a strong focus on quality, accuracy, and attention to detail
- Ability to effectively communicate with internal and external customers, as well as upward, downward, and across the organization
- Intermediate to advanced in Microsoft Excel and Word
- Ability to work in a high-volume fast-paced environment with a customer service focus
- Maintain a strong working knowledge of Bank policies and pertinent lending regulations.
- Strong understanding of the risk grading policy of the Bank and regulators and application to each borrowing relationship.
- Excellent knowledge of financial analysis for credit underwriting purposes and contract documentation.
4. BA in Business Administration with 8 years of Experience
- Good Knowledge of credit policy
- Excellent analytical and decision-making skills
- Ability to work on own initiative and as part of a busy team
- Energetic, flexible, and overall positive approach
- Experience underwriting agency, non-agency, Mortgage Insurance loans, and appraisals.
- Experience and knowledge of FNMA, FHLMC, and Private Mortgage insurance property and credit underwriting guidelines.
- Strong understanding of complicated transactions and tax return analysis.
- Experience effectively and independently making credit decisions and providing underwriting support to other business functions.
- Knowledge and experience reviewing mortgage applications according to the mortgage regulations.
- Knowledge and experience of operating in a regulated environment.
5. BA in Risk Management with 4 years of Experience
- Banking qualifications, such as IFS/ACIB
- Proven experience of underwriting commercial and residential property investment loans to small businesses
- Good experience and knowledge of cashflow (unsecured) lending would be desirable
- Good knowledge of housebuilding and building development funding would also be desirable
- Experience in underwriting owner-occupier deals and a good understanding of balance-sheet lending is preferable to fantastic transport links and trains direct from central
- Experience in working in the financial or banking industry or a call center environment
- Knowledge and experience in a call center environment
- Strong communication skills - both written and verbal
- Ability to utilize personal computers, and Windows-driven programs, with an emphasis on the Microsoft Office suite of applications, specifically Word and Excel.
- Experience working with credit and lending
- Well organised and able to work on own initiative.
6. BA in Finance with 6 years of Experience
- Solid experience in financial analysis, structuring, and underwriting.
- Ability to analyze balance sheets, income statements, projections, and cash flow information.
- Ability to analyze personal financial information as presented by Credit Bureaus and in personal financial statements and personal tax returns.
- Working knowledge of Microsoft Outlook, Word, Excel, Co-Star, and Moody’s.
- Excellent verbal, written communication, and interpersonal skills.
- Able to read, write, and speak English well.
- Able to deal effectively, tactfully, and courteously with clients, co-workers, and the personnel of other departments.
- Ability to organize work-flow and handle a high volume of data with attention to details.
- Maintain a professional and positive demeanor at all times.
- Knowledge of the credit and financial industry
7. BA in Accounting with 5 years of Experience
- Knowledge along with A Paper, B/C Paper, Non-Confirming and Conforming, and Sub-Prime residential products
- In-depth knowledge HVCC, guidelines and requirements along with all federal, state and local compliance regulations, Truth in Lending and Equal Credit Opportunity laws
- In-depth knowledge of the total closing function to include, underwriting conditions prior to closing, closing instructions and procedures, and RESPA
- Up-to-date knowledge of Fannie/Freddie guidelines, back end quality control and fraud audit experience
- Must be able to use Desktop Underwriter (DU), Loan Prospector (LP) and other LOS (loan operations systems)
- Proficient with the suite of Microsoft Office products
- Internet and strong written communication skills
- Ability to handle multiple tasks and prioritize file loads
- Superior time management and organizational skills
- Excellent customer service focus
8. BA in Economics with 5 years of Experience
- Ability to effectively solve problems with sound judgment and analytical skills.
- Ability to communicate at different levels with primary lines of business including Small Business Sales, Commercial Bankers, Market Managers, Credit Administration, Commercial Loan Servicing, Legal and Compliance.
- Ability to use critical thinking skills with independent decision-making to maximize opportunity for the bank within credit parameters.
- Understanding of corporate/legal structures and corporate governance documents and respective relationships to effectively bind necessary borrowers
- Understanding of a variety of collateral types, ways to value, and documentation needed to perfect security interest
- Understanding of loan policy and identification of credit exceptions
- Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
- Curious, agile, and strong team player
- Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with culture and Core Values
- Banking experience, preferably with small businesses