Loan Underwriters

Loan Underwriter Checks Applicant's Credit Score

Loan underwriters determine if loan applicants are creditworthy. They evaluate loan applications and approve or reject them based on applicants’ credit history, employment history, assets, debts, and other factors. They use their own expert judgment and loan underwriting software to produce recommendations.

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Quick Facts
Alternate Title(s) None
Duties Evaluate loan applications and approve or reject them based on applicants’ credit history, employment history, assets, debts, and other factors; create specialized loans for some applicants
Salary Range $25,000 to $100,000
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are available throughout the country, but are best in large, metropolitan areas
Minimum Education Level
  • High School Diploma
School Subjects
  • Business
  • Mathematics
  • Speech
Experience Three to five years of experience in loan processing, credit analysis, or related fields
Personality Traits
  • Conventional
  • Organized
  • Problem-Solving
Skills
  • Financial
  • Information Management
  • Math
Certification or Licensing Required
Special Requirements Must undergo a criminal background check and a credit check
Employment Prospects Good
Advancement Prospects Fair
Outlook About as Fast as the Average
Career Ladder
  • Credit Manager or Loan Officer
  • Loan Underwriter
  • Senior Loan Processor or Loan Collector
  • Loan Processor
  • Bank Teller or Customer Service Representative

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