Loan Underwriting Supervisor

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Loan Underwriting Supervisor supervises 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. Being a Loan Underwriting Supervisor makes approval, rejection, or modification decisions based on underwriting guidelines and established approval limits. May present to a loan committee. Additionally, Loan Underwriting Supervisor 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. Escalates non-conforming loans that require a higher level of approval review using an exception process. Requires a bachelor's degree. Typically reports to a manager. The Loan Underwriting Supervisor supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. To be a Loan Underwriting Supervisor typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes.