Loan Underwriter Jobs in Washington, DC
A Loan Underwriter in the banking industry is responsible for evaluating and approving or rejecting loan applications based on the borrower's creditworthiness. They assess the risk involved in lending money to a particular borrower by scrutinizing their financial information, including credit history, income, employment stability, and debt-to-income ratio. They also establish lending terms and conditions, ensure compliance with regulatory standards, and communicate decisions and related information to applicants and loan officers. Since loan underwriting involves significant decision making, it plays a crucial role in maintaining the financial health and sustainability of a bank.
Prior to their role as a Loan Underwriter, an individual may have experience as a Loan Processor, Credit Analyst, or Financial Advisor. These positions help to build a solid foundation in credit analysis, risk assessment, and financial advisory, which are essential skills for Loan Underwriters. Loan Underwriters should have strong analytical, decision-making, and communication skills. They should also possess a detailed knowledge of credit and lending procedures, as well as relevant regulatory standards. Certifications such as the Mortgage Loan Originator (MLO) license or Certified Mortgage Underwriter (CMU) can enhance their credibility and career prospects in the industry.
requests Communicate decision on loans to appropriate parties Confirm adverse decisions Partner with Mortgage Bankers Identify and resolve loan issues Recommend improvements to procedures Maximize use of loan...
Who you are A minimum of 5+ years of recent residential mortgage underwriting experience 6+ years mortgage industry experience Proficiency in reviewing and evaluating mortgage loan documents to ensure...
Remote WorkMultifamily Senior Underwriter Affordable Housing
- McLean, VA (7 miles from Washington, DC)
- 30+ days ago
- McLean, VA (7 miles from Washington, DC)
- 30+ days ago
Our Impact: Our team is responsible for underwriting Targeted Affordable Housing (TAH) loans originated coast to coast by our network of Optigo Lenders We are innovators in the industry by evaluating...
Residential Mortgage Underwriter
- Bethesda, MD (6 miles from Washington, DC)
- 30+ days ago
- Bethesda, MD (6 miles from Washington, DC)
- 30+ days ago
Qualifications & Skills Experience: 25 years in residential mortgage underwriting preferred; BPL underwriting experience highly preferred....
and other bank policies **Qualifications:** + Bachelor's Degree in (or emphasis in) business, marketing or finance preferred + 5+ years of experience in commercial lending or related banking + Proficiency...
MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...
Demographic Data for Washington, DC
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Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Washington, DC
Highest Education Level
Loan Underwriters in Washington, DC offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Marketing & Sales
- Property and Casualty Insurance
- Reimbursement
- CPCU
- Umbrella Insurance
- Mortgage Lending
- Loan Origination
- Lending
- Consumer Lending
- Federal Housing Administration
- Nationwide Mortgage Licensing System & Registry
- Federal National Morgage Association
- Loan Documentation
- Credit Underwriting
- Commercial Banking
- Jumbo Loans
- FHLMC
- BSA
- Loan Review
- Conventional Loans
- Commercial Lending
- Freddie Mac
- Loan Processing
- Private Banking
- Cross Selling
- OFAC
- Fannie Mae
- Encompass
- Mortgage Processing
- Financial Services
- Mortgage Underwriting
- Credit Analysis
- Cash Flow Analysis
- Underwriting
- Financial Statements
- Appraisal
- Risk Analysis
- Due Diligence
- Financial Analysis
- Real Estate
- Closing
- Finance
- Decision Making
- Process Improvement
- Quality Control
- Accounting
- Written Communication
- Negotiation
- Mentoring
- Documentation
- Reporting
- Collaboration
- Policy Development
- Coaching
- Filing
- Bachelor's Degree
- Regulations
- Microsoft Office
- Problem Solving
- Microsoft Excel
- Sales
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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