Loan Underwriter Resume: Job Description, Sample & Guide

Are you looking to pursue a career as a loan underwriter? A well-crafted resume is essential to landing the job. Our loan underwriter resume example provides you with a solid foundation for creating a standout resume that highlights your relevant skills, experience, and achievements in the field. Whether you're an experienced professional or just starting out in the industry, this example can help you tailor your resume to impress potential employers.

We will cover:

How to write a resume, no matter your industry or job title.
What to put on a resume to stand out.
The top skills employers from every industry want to see.
How to build a resume fast with our professional Resume Builder.
Why you should use a resume template

Plus, we will provide expert resume writing tips and professional examples to inspire you.

What does a Loan Underwriter do?

Review loan applications to ensure all necessary information is included
Analyze applicant's financial information and credit history to determine loan eligibility
Evaluate the risk of lending to each individual or organization
Calculate the potential profitability of the loan for the lender
Understand and adhere to lending regulations and policies
Communicate with loan officers, borrowers, and other relevant parties to gather additional information as needed
Make recommendations for loan approval or denial based on findings

We’re about to begin, but first, here are some other Loan Underwriter related resume examples:

What are some responsibilities of a Loan Underwriter?

Evaluating and verifying loan applications
Analyzing financial and credit data
Determining the risk associated with loan approval
Making recommendations for loan approval or denial
Ensuring compliance with lending guidelines and regulations
Reviewing and interpreting loan documents
Providing explanations for decision-making

Sample Loan Underwriter Resume for Inspiration

Personal Details

Name: John Smith

Email: jsmith@email.com

Phone: 123-456-7890

Summary

John Smith is an experienced Loan Underwriter with a strong track record of accurately assessing and mitigating risk associated with various types of loans. He has exceptional analytical and decision-making skills, and is adept at managing relationships with clients and stakeholders.

Work Experience

Loan Underwriter at ABC Bank (2015-2020)
- Assessed loan applications for individuals and businesses, ensuring compliance with company policies and industry regulations
- Analyzed financial documents, credit reports, and other relevant information to determine loan eligibility and appropriate terms
- Communicated with loan officers, customers, and other parties to gather necessary information and resolve outstanding issues
- Presented recommendations and justifications for loan approvals or denials to senior management
Loan Processor at XYZ Credit Union (2012-2015)
- Reviewed and verified loan documents, including income statements, tax returns, and property appraisals
- Worked closely with underwriters and loan officers to ensure accurate and timely processing of loan applications
- Managed a high volume of loan files, maintaining detailed and organized records

Education

Bachelor of Science in Finance, University of ABC, 2012

Skills

Financial analysis
Risk assessment
Attention to detail
Excellent communication
Time management

Certifications

Certified Underwriter (CU) - Institute of Financial Services

Languages

English (native proficiency)
Spanish (basic proficiency)

Resume tips for Loan Underwriter

Creating a perfect, career-launching resume is no easy task. Following general writing rules can help, but it is also smart to get advice tailored to your specific job search. When you’re new to the employment world, you need Loan Underwriter resume tips.
We collected the best tips from seasoned Loan Underwriter - Check out their advice to not only make your writing process easier but also increase your chances of creating a resume that piques the interest of prospective employers.

Highlight your relevant experience in the financial industry, particularly in underwriting loans.
Showcase your strong analytical skills and attention to detail.
Include examples of successful loan underwriting, such as meeting or exceeding loan approval targets.
Discuss any specialized training or certifications related to loan underwriting, such as FHA or VA underwriting certifications.
Emphasize your ability to work effectively with clients, loan officers, and other members of the lending team.

Loan Underwriter Resume Summary Examples

A loan underwriter resume summary or resume objective is important for capturing the attention of potential employers and showcasing your relevant skills and experience. It provides a concise and compelling overview of your qualifications and career goals, making it easier for hiring managers to quickly assess your suitability for the role. By including a strong summary or objective at the top of your resume, you can increase your chances of securing an interview and ultimately landing the job.

For Example:

Reviewed and analyzed loan applications to determine creditworthiness and risk level
Verified financial information and documents provided by loan applicants
Evaluated collateral and assets to assess loan viability and determine loan-to-value ratio
Communicated with loan officers, applicants, and other relevant parties to gather necessary information
Ensured compliance with company policies and regulatory guidelines

Build a Strong Experience Section for Your Loan Underwriter Resume

Building a strong experience section for a loan underwriter resume is crucial because it showcases your expertise and skills in the field. It allows potential employers to see your relevant experience, including the types of loans you have worked on, your success rates, and any specialized knowledge you possess. A robust experience section demonstrates your ability to assess and analyze loan applications, make informed decisions, and minimize risk – all of which are essential qualities for a successful loan underwriter.

For Example:

Analyzed and evaluated financial data to determine credit worthiness for potential loan applicants.
Reviewed and verified loan applications to ensure all necessary information and documentation was provided.
Communicated with loan officers and applicants to gather additional information and address any missing documentation.
Assessed risk factors and potential for fraud in loan applications.
Utilized underwriting software to input and analyze financial information for loan approval decisions.
Conducted thorough research and analysis of borrower's financial history and credit report.
Reviewed property appraisals and title reports to confirm property value and ownership.
Collaborated with other team members to ensure compliance with lending regulations and guidelines.
Participated in ongoing training and professional development to stay current with industry regulations and best practices.
Provided superior customer service and support to loan officers, applicants, and other stakeholders throughout the loan process.

Loan Underwriter resume education example

A Loan Underwriter typically needs a minimum of a bachelor's degree in finance, economics, or a related field. Some employers may also require additional certifications or training in underwriting principles and regulations. Strong analytical and critical thinking skills are essential, as well as a thorough understanding of financial markets, risk assessment, and lending practices. Continuous education and staying updated on industry changes and trends are also important for success in this role.

Here is an example of an experience listing suitable for a Loan Underwriter resume:

Bachelor of Science in Finance - XYZ University, 2010
Certified Mortgage Underwriter (CMU) - ABC Institute, 2012
Continuing Education in Mortgage Lending Regulations and Compliance - 2013-present

Loan Underwriter Skills for a Resume

It is important to add skills for a Loan Underwriter Resume because it demonstrates the candidate's ability to critically analyze financial information, assess risk, and make sound lending decisions. Additionally, a diverse skill set can showcase a candidate's ability to collaborate with various teams, effectively communicate with clients, and stay updated on industry regulations and guidelines. This can make a candidate more competitive and desirable to potential employers.

Soft Skills:

Communication skills
Attention to detail
Problem-solving ability
Time management
Adaptability
Decision making
Teamwork
Analytical thinking
Negotiation skills
Customer service

Hard Skills:

Financial Analysis
Risk Assessment
Credit Analysis
Loan Evaluation
Underwriting Guidelines
Regulatory Compliance
Loan Documentation Review
Collateral Analysis
Debt-to-Income Ratio Calculation
Loan Approval Decision

Common Mistakes to Avoid When Writing a Loan Underwriter Resume

In this competitive job market, employers receive an average of 180 applications for each open position. To process these resumes, companies often rely on automated applicant tracking systems, which can sift through resumes and eliminate the least qualified applicants. If your resume is among the few that make it past these bots, it must still impress the recruiter or hiring manager. With so many applications coming in, recruiters typically give each resume only 5 seconds of their attention before deciding whether to discard it. Considering this, it's best to avoid including any distracting information on your application that could cause it to be thrown away. To help make sure your resume stands out, review the list below of what you should not include on your job application.

Not including a cover letter. A cover letter is a great way to explain why you are the best candidate for the job and why you want the position.
Using too much jargon. Hiring managers do not want to read a resume full of technical terms that they do not understand.
Omitting important details. Make sure to include your contact information, educational background, job history, and any relevant skills and experiences.
Using a generic template. Take the time to customize your resume to the job you are applying for. This will show the employer that you are serious about the position.
Spelling and grammar errors. Always double-check your resume for typos, spelling mistakes, and grammar errors.
Focusing too much on duties. Make sure to include accomplishments and successes to show the employer that you are a great candidate.
Including personal information. Avoid including any personal information such as age, marital status, or religious beliefs.

Key takeaways for a Loan Underwriter resume

Demonstrated experience in underwriting loans in accordance with company policies and industry regulations.
Strong knowledge of credit analysis, financial statement review, and risk assessment.
Proven ability to make sound lending decisions based on careful evaluation of borrower financial profiles.
Excellent communication skills and ability to work collaboratively with lending team and clients.
Detailed-oriented and organized, with the ability to manage multiple loan files simultaneously.
Familiarity with loan origination software and other relevant technology tools.
Ability to adapt to changing market conditions and lending guidelines.
Exceptional problem-solving skills and a commitment to delivering high-quality service to borrowers and stakeholders.

It's time to begin the job search. Make sure you put your best foot forward and land your next job with the help of Resumaker.ai.