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Bank Underwriting Jobs in Indiana (NOW HIRING)

Peoples Bank

Commercial Lender

Munster, IN · On-site

$107K - $126K/yr

Responsible for originating, underwriting and closing Commercial Loans and managing a loan portfolio in accordance with Bank policies and regulatory lending guidelines along with developing ...

Peoples Bank

Commercial Lender

Munster, IN · On-site

$107K - $126K/yr

Responsible for originating, underwriting and closing Commercial Loans and managing a loan portfolio in accordance with Bank policies and regulatory lending guidelines along with developing ...

Cypress HCM

Commercial Underwriter IV

Carmel, IN · Hybrid

This position works closely with the Executive Director, Director of Underwriting, and the Loan ... creditworthiness, ensuring compliance with Bank Lending Policy. Formulate structured ...

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Bank Underwriting information

What is bank underwriting?

Bank underwriting is the process by which a financial institution evaluates the risk of lending money to a borrower or insuring an individual or asset. Underwriters review credit history, financial information, and other factors to determine whether an applicant qualifies for a loan or insurance and under what terms. This process helps banks minimize risk and maintain sound lending practices. Underwriting can apply to mortgages, personal loans, business loans, and other financial products.

What are the key skills and qualifications needed to thrive as a bank underwriter, and why are they important?

To thrive as a Bank Underwriter, you need a solid understanding of financial analysis, risk assessment, and relevant lending regulations, often supported by a degree in finance, accounting, or a related field. Familiarity with loan origination systems, credit scoring software, and compliance tools is typically required, and certifications like Certified Residential Underwriter (CRU) can be advantageous. Strong analytical thinking, attention to detail, and effective communication are essential soft skills for evaluating complex financial information and explaining decisions. These skills ensure accurate risk evaluation and regulatory compliance, which are critical for protecting the bank's assets and maintaining sound lending practices.

What are some common challenges faced by bank underwriters, and how can they be managed?

Bank underwriters frequently encounter challenges such as assessing incomplete or inconsistent financial information, managing tight deadlines, and balancing risk with customer service. To manage these issues, underwriters rely on strong analytical skills, effective communication with loan officers and applicants for clarification, and staying up-to-date with regulatory requirements. Collaborating closely with credit analysts and using advanced underwriting tools can also help streamline the evaluation process and ensure accurate risk assessment.

What is the difference between Bank Underwriting vs Loan Officer?

AspectBank UnderwritingLoan Officer
Primary RoleAssessing and evaluating loan applications to determine risk and approvalSelling loan products and guiding applicants through the application process
Required CredentialsTypically requires underwriting certifications, finance or banking experienceSales and customer service skills, sometimes mortgage licensing
Work EnvironmentOffice-based, working with loan documents and risk analysisOffice or branch, interacting directly with clients
Industry UsageCommon in banking and financial institutionsCommon in mortgage and lending companies

Bank Underwriting focuses on evaluating loan applications for risk, while Loan Officers primarily assist clients in applying for loans and promoting loan products. Both roles are integral to the lending process but differ in responsibilities and daily tasks.

Do bank underwriters make a lot of money?

Bank underwriters typically earn a median annual salary that is competitive within the financial industry, with earnings varying based on experience, location, and the size of the institution. Entry-level underwriters may start with lower salaries, while experienced professionals or those in senior roles can earn significantly higher wages, often supplemented by bonuses and benefits. The role requires strong analytical skills and knowledge of lending standards and risk assessment tools.

How to become a bank underwriter?

To become a bank underwriter, typically one needs a bachelor's degree in finance, accounting, or a related field, along with strong analytical and communication skills. Gaining experience through entry-level roles in banking or credit analysis and obtaining relevant certifications, such as the Certified Mortgage Underwriter (CMU), can improve job prospects. Proficiency with underwriting software and understanding of lending regulations are also important.

What does a bank underwriter do at a bank?

A bank underwriter evaluates loan applications by analyzing borrowers' financial information, credit history, and collateral to determine the risk of lending. They assess whether to approve, modify, or deny loans, often using specialized software and adhering to lending policies. Strong analytical skills and knowledge of financial regulations are essential for this role.

What are popular job titles related to Bank Underwriting jobs in Indiana?

For Bank Underwriting jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Bank Underwriting jobs in Indiana look for?

The top searched job categories for Bank Underwriting jobs in Indiana are:

What cities in Indiana are hiring for Bank Underwriting jobs?

Cities in Indiana with the most Bank Underwriting job openings:

Bank Underwriting jobs near you
Infographic showing various Bank Underwriting job openings in Indiana as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, and 2% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution.

Business Banking Underwriter IV

Huntington National Bank

Indianapolis, IN • On-site

Full-time

Posted 7 days ago

Huntington National Bank rating

8.1

Company rating: 8.1 out of 10

Based on 174 frontline employees who took The Breakroom Quiz

66th of 174 rated banks

Job description

Description
Summary:
The Business Banking Underwriter IV is responsible for underwriting Business Banking loans to determine credit worthiness and compliance with Bank lending policy.
Duties and Responsibilities:
  • Supports Business Banking production by maintaining an individual pipeline of work.
  • Reviews all financial and credit application information to make sound credit decisions. Loans would typically include those with most complex credit structures and customer exposure up to $10MM.
  • Utilizes single approval authority up to $4MM.
  • Appropriately assess risk profile of borrower.
  • Assist with training and mentoring new hires as well as providing support for the UWI, UW II & UW III job families as needed.
  • Tasks as needed to support the line of business and job family.
  • Act as primary back up for their manager as needed for team huddles & meetings.
  • Is positioned with knowledge and expertise to represent direct manager outside of function group as needed.
  • Collaborate with both credit and segment risk to meet or exceed department goals.
  • Performs other duties as assigned.

Basic Qualifications:
  • Bachelor's degree
  • 7+years' experience with business or commercial underwriting in a centralized lending environment

Preferred Qualifications:
  • Bachelor's degree in business related field
  • 3-4 years leadership / management experience
  • Ability to underwrite credit exposures in excess of $4MM.
  • Previous authority to underwrite and decision credits without additional signers.
  • Demonstrates confidence, assertiveness, professionalism, and ability to interact with all levels within the organization in a professional manner.
  • Proficient use of Microsoft Office and other internet resources
  • Excellence in customer service, highly motivated, focused and goal oriented.
  • Excellent written and verbal communication skills, including grammar and demeanor.
  • Strong organizational skills with attention to detail, planning and follow-up.
  • Ability to work independently on multiple tasks without compromising quality.
  • Ability to determine and make necessary changes without oversight within their functional team to better the unit as a whole.

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Office
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We're combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington Bank will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington Bank colleagues, directly or indirectly, will be considered Huntington Bank property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

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