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Bank Underwriting Jobs in Indiana (NOW HIRING)

GreenWay Bank

Commercial Banker

Fort Wayne, IN · On-site

GreenWay Bank was founded in 1889 and has built a long tradition of serving customers with ... underwriting, approval, documentation, and closing. * Monitor and manage an assigned commercial ...

GreenWay Bank

Commercial Banker

Fort Wayne, IN · On-site

GreenWay Bank was founded in 1889 and has built a long tradition of serving customers with ... underwriting, approval, documentation, and closing. * Monitor and manage an assigned commercial ...

Merchants Bank of Indiana

Mortgage Loan Processor

Carmel, IN · On-site

$37K - $52K/yr

... and/or underwriting guidelines. Complete all required training and agency updates as required. Requirements What we are looking for... * Requires a minimum of five years of mortgage banking ...

Peoples Bank

Mortgage Loan Officer

Munster, IN · On-site

$32K - $200K/yr

Specialty products available for in-house servicing loans As a mortgage loan originator at Peoples Bank, you will experience: * In-house processing and underwriting * Underwriting turn time in 48 ...

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All JobsBank Underwriting JobsBank Underwriting Jobs in Indiana

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.

Mortgage Loan Underwriter, South Bend, IN

1st Source Bank

South Bend, IN • On-site

Full-time

Re-posted 21 days ago

1st Source Bank rating

8.8

Company rating: 8.8 out of 10

Based on 13 frontline employees who took The Breakroom Quiz

17th of 174 rated banks

Job description

POSITION SUMMARY
Responsible for underwriting residential loans ensuring compliance with lender and investor guidelines. Examines loan documentation for accuracy, completeness and overall credit risk. Works with loan originator or production staff to secure all required documents.

ESSENTIAL REQUIREMENTS
  • Underwrites FHA, VA, USDA and Conventional loan applications ensuring adherence to company, agency and investor guidelines.
  • Underwrites the collateral to include contract and appraisal review for FHA and VA loan applications.
  • Analyzes mortgage loan files to include income and asset documentation, credit reports, and required disclosures to ensure compliance with applicable Federal and state regulations, and company policies.
  • Ensures all required documentation has been received and completed properly.
  • Approves loans according to investor and Bank guidelines up to investor conforming limits and makes recommendations for loan approval by Senior Management when limits are exceeded.  Determines the outstanding conditions needed prior to closing, reviews the conditions and clears the loan to close.
  • Provides support to Loan Officers, Processors and Closers throughout the process of the loan.
  • Ensures timely response and follow-up to Quality Control (QC), internal and post-closing audits, and investor audits or requests.
  • Keeps up to date on investor and regulatory guidelines, policies, procedures and changes that affect mortgage underwriting.
  • Responsible for the completion of all compliance training related to the position.
  • Must understand all applicable laws and regulations that apply to the position and complies with the requirements.
NON-ESSENTIAL FUNCTIONS
  • Performs all other duties as assigned.
EXPERIENCE/SKILLS
  • Five (5) years in mortgage lending preferred, two (2)-three (3) years minimum front-line underwriting experience also preferred.
  • Self-motivated, ability to work in a fast-paced, high volume environment, while practicing sound lending judgment.
  • Ability to understand and calculate a wide variety of income and asset holdings, including analyzing tax returns and other complex financial documentation.
  • Ability to communicate effectively, both verbally and written.
  • Detail oriented with excellent organizational skills.
  • Readily embraces change.
  • Good PC skills--proficiency in Microsoft Word and Excel essential.
  • Strong quantitative and analytical skills.
EDUCATION 
  • Bachelors’ Degree preferred. FHA Direct Endorsement Certification and VA LAPP preferred but not required depending on the degree of conforming underwriting experience
TRAVEL REQUIREMENTS
Ability to travel as needed for meetings, projects, seminars, etc.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.
 

While performing the duties of this job, the employee is required to sit, stand and walk; use hands and fingers to operate keyboard and other office equipment; reach with hands and arms; and talk or hear. The employee is occasionally required to stoop or kneel. The employee may occasionally lift and/or move up to 10 pounds.

 EQUIPMENT
MS Office PC, fax, phone and standard office equipment.

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