Loan Underwriter Jobs in Aldie, VA
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.
- Reston, VA (14 miles from Aldie, VA)
- 8 hours ago
- Reston, VA (14 miles from Aldie, VA)
- 8 hours ago
A Senior Mortgage Underwriter will take responsibility for the daily underwriting processes for our Conventional, FHA and VA loans. Your attention to detail will have a direct impact on our...
Mortgage Lending Senior Underwriter & Operations Manager
- Tysons Corner, VA (20 miles from Aldie, VA)
- 6 days ago
- Tysons Corner, VA (20 miles from Aldie, VA)
- 6 days ago
Proficient in with Excel, Word and Loan Origination Software programs. Supervisory Responsibilities: Management of the Consumer Lending Operations team....
Multifamily Senior Underwriter Affordable Housing
- McLean, VA (23 miles from Aldie, VA)
- 60+ days ago
- McLean, VA (23 miles from Aldie, VA)
- 60+ 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...
Demographic Data for Aldie, VA
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Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Aldie, VA
Highest Education Level
Loan Underwriters in Aldie, VA offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Driving
- Estimating
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Federal Housing Administration
- Loan Documentation
- Commercial Banking
- Credit Underwriting
- Jumbo Loans
- Loan Review
- Tila Respa Integrated Disclosures
- Conventional Loans
- Commercial Lending
- BSA
- Federal National Morgage Association
- FHLMC
- Loan Processing
- Freddie Mac
- Private Banking
- Fannie Mae
- Cross Selling
- Encompass
- OFAC
- Mortgage Processing
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- USDA
- Valuation
- Underwriting
- Financial Statements
- Financial Modeling
- Portfolio Management
- Appraisal
- Due Diligence
- Financial Analysis
- File Management
- Real Estate
- Closing
- Finance
- Decision Making
- Analytical Skills
- Accounting
- Negotiation
- Written Communication
- Documentation
- Coaching
- Verbal Communication
- Mentoring
- Collaboration
- Filing
- Policy Development
- Bachelor's Degree
- Regulations
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Sales
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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