ZipRecruiter

Log In

1

Credit Underwriter Jobs (NOW HIRING)

Servbank

Senior Commercial Credit Underwriter

Danville, IL · On-site

$82K - $96K/yr

The Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank's credit policies, regulatory requirements, and ...

Servbank

Senior Commercial Credit Underwriter

Champaign, IL · On-site

$82K - $96K/yr

The Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank's credit policies, regulatory requirements, and ...

Bank of America

Senior Credit Underwriter

Mclean, VA · On-site

$89K - $187K/yr

This job is responsible for supporting credit underwriting and monitoring for new and existing clients in partnership with a credit team. Key responsibilities include independently managing ...

Servbank

Senior Commercial Credit Underwriter

Watseka, IL · On-site

$82K - $96K/yr

The Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank's credit policies, regulatory requirements, and ...

Servbank

Senior Commercial Credit Underwriter

Oswego, IL · On-site

$82K - $96K/yr

The Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank's credit policies, regulatory requirements, and ...

Servbank

Senior Commercial Credit Underwriter

Danville, IL · On-site

$82K - $96K/yr

The Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank's credit policies, regulatory requirements, and ...

Servbank

Senior Commercial Credit Underwriter

Champaign, IL · On-site

$82K - $96K/yr

The Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank's credit policies, regulatory requirements, and ...

Servbank

Senior Commercial Credit Underwriter

Hoopeston, IL · On-site

$82K - $96K/yr

The Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank's credit policies, regulatory requirements, and ...

Servbank

Senior Commercial Credit Underwriter

Oswego, IL · On-site

$82K - $96K/yr

The Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank's credit policies, regulatory requirements, and ...

previous page

Showing results 41-60

All JobsFinance and Insurance JobsLoan JobsLoan Underwriter JobsCredit Underwriter Jobs

Credit Underwriter information

See salary details

$46.5K

$87.3K

$148.5K

How much do credit underwriter jobs pay per year?

As of Aug 26, 2026, the average yearly pay for credit underwriter in the United States is $87,290.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,000.00 and $101,500.00 per year, depending on experience, location, and employer.

What is a credit underwriter?

A credit underwriter reviews credit applications and helps decide whether someone should get a loan. As a credit underwriter, your job is to review loan applications and sometimes check a loan applicant’s credit history. You may also be asked to verify income and debt information. Financial experience helps in this career. In addition, you must determine whether the loan applicant has collateral, something the applicant will give up if they cannot repay the loan. The credit underwriter may note a house or car as collateral. Credit underwriters must have strong analytical skills and ethical values. It is important to maintain client privacy in all aspects of this career.

What does a credit underwriter do?

A Credit Underwriter is responsible for evaluating the creditworthiness of individuals or businesses applying for loans or credit. They review financial statements, credit reports, and other relevant information to assess the risk of lending money. Based on their analysis, they make recommendations or decisions regarding loan approvals, terms, and conditions, ensuring that lending policies and regulatory requirements are met. Credit Underwriters play a critical role in helping financial institutions minimize risk while supporting responsible lending. Their work helps ensure that borrowers have the ability to repay the loans they receive.

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

To thrive as a Credit Underwriter, you need strong analytical skills, attention to detail, and a background in finance or accounting, often supported by a relevant degree. Familiarity with credit scoring models, financial statement analysis, and underwriting software such as Moody’s or FICO systems is typically required. Excellent judgment, communication, and decision-making abilities are critical soft skills for effectively assessing risk and collaborating with stakeholders. These competencies ensure accurate credit evaluations, minimize financial risk, and support sound lending decisions for the organization.

How does a credit underwriter typically collaborate with sales and risk teams during the loan approval process?

Credit Underwriters work closely with both sales representatives and risk management teams to ensure a thorough evaluation of loan applications. While underwriters assess the creditworthiness of applicants by analyzing financial statements and credit reports, they often consult with sales teams to clarify client backgrounds or business needs. Collaboration with risk teams is essential to establish appropriate lending terms and mitigate potential losses. This cross-functional teamwork helps ensure that lending decisions align with both the institution's risk appetite and client expectations.

What is the difference between Credit Underwriter vs Loan Processor?

AspectCredit UnderwriterLoan Processor
CredentialsTypically requires a bachelor's degree; certifications like CU (Credit Underwriter) are commonUsually requires a high school diploma or equivalent; some roles prefer associate degrees
Work EnvironmentAnalyzes credit data, reviews financial documents, and assesses riskPrepares loan files, verifies information, and facilitates loan approval process
Industry UsageCommonly employed in banking, mortgage, and financial servicesFound in mortgage companies, banks, and lending institutions

While both roles are integral to the lending process, Credit Underwriters focus on assessing credit risk and making approval decisions, whereas Loan Processors handle the administrative tasks to prepare and submit loan applications. Understanding these differences helps in choosing the right career path or job search focus within the lending industry.

More about Credit Underwriter jobs

What cities are hiring for Credit Underwriter jobs?

Cities with the most Credit Underwriter job openings:

What are the most commonly searched types of Credit Underwriter jobs?

The most popular types of Credit Underwriter jobs are:

Who are the top companies hiring for Credit Underwriter jobs?

The top employers for Credit Underwriter jobs are:

What states have the most Credit Underwriter jobs?

States with the most job openings for Credit Underwriter jobs include:

What job categories do people searching Credit Underwriter jobs look for?

The top searched job categories for Credit Underwriter jobs are:

What are popular job titles related to Credit Underwriter jobs?

For Credit Underwriter jobs, the most frequently searched job titles are:

Credit Underwriter jobs near you
Infographic showing various Credit Underwriter job openings in the United States as of August 2026, with employment types broken down into 87% Full Time, and 13% Part Time. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $87,290 per year, or $42 per hour.

Senior Commercial Credit Underwriter

Champaign, IL

Servbank, sb Inc.
See more jobs at Servbank, sb Inc.external

$82K - $96K/yr

Full-time

Re-posted 22 days ago

Job description

Description

The Senior Commercial Credit Underwriter is responsible for analyzing, underwriting, and approving commercial loan requests in accordance with the Bank's credit policies, regulatory requirements, and risk appetite. This role partners closely with Relationship Managers and Credit Officers to assess borrower creditworthiness, structure loans appropriately, and present well-supported credit recommendations for approval.


Who we are:

Iroquois Federal, a division of Servbank, N.A., was founded in 1883 in Watseka, Illinois, under a state charter and a commitment to making a meaningful difference. Over the years, we've grown, expanding to six additional banking offices across welcoming Midwest communities, while staying true to our roots. At every location, you'll find people who understand where you're coming from and are dedicated to helping you reach where you want to go.


Key Responsibilities

  • Underwrite new and existing commercial loan requests, including C&I, commercial real estate (owner-occupied and investor), construction, and participation loans
  • Perform comprehensive financial analysis, including:
  • Spreading and analyzing business and personal financial statements
  • Cash flow and global debt service coverage analysis
  • Collateral and loan-to-value analysis
  • Industry, borrower, and guarantor risk assessment
  • Identify and document policy exceptions, mitigating factors, and credit risks
  • Prepare clear, concise Credit Approval Memos (CAMs) and underwriting narratives for submission to appropriate approval authorities
  • Recommend deal structure, loan terms, covenants, and conditions to mitigate risk
  • Partner with Relationship Managers throughout the loan lifecycle, from application through closing
  • Review appraisals, environmental reports, and third-party documentation as applicable
  • Support loan closing by reviewing final documentation and ensuring credit approval conditions are met
  • Monitor portfolio performance and covenant compliance, as assigned
  • Ensure adherence to all internal policies, regulatory requirements, and fair lending standards
  • Collaborate with credit, legal, loan operations, and risk management teams
  • Contribute to process improvements and support a strong credit culture

Requirements

  • Bachelor's degree in Finance, Accounting, Business Administration, or related field
  • 3-5+ years of experience in commercial credit underwriting, credit analysis, or commercial lending
  • Strong understanding of common commercial loan products, credit structures, and documentation
  • Advanced financial statement and cash flow analysis skills
  • Working knowledge of banking regulations and credit risk management principles
  • Experience preparing and presenting credit memoranda to approval committees preferred

Required Skills

  • Strong analytical, problem-solving, and decision-making skills
  • Excellent written and verbal communication abilities
  • High attention to detail and strong organizational skills
  • Ability to manage multiple priorities in a fast-paced environment
  • Proficiency in Microsoft Excel and Word; experience with loan origination or core banking systems preferred
  • Ability to work independently while collaborating effectively with cross-functional partners

EEO Statement:

We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

Apply