Loan Underwriter Jobs in Herndon, 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.
- Washington, DC (19 miles from Herndon, VA)
- 16 hours ago
- Washington, DC (19 miles from Herndon, VA)
- 16 hours ago
This Property/Equipment Breakdown Underwriter will manage a $5m-$7m Property renewal book for the MidAtlantic Region, while also writing $1.5m annually in new business. The position will primarily...
Senior Lead Commercial Real Estate Underwriter
- McLean, VA (12 miles from Herndon, VA)
- 4 days ago
- McLean, VA (12 miles from Herndon, VA)
- 4 days ago
Knowledge of lending regulations, guidelines, and industry standards....
- Vienna, VA (10 miles from Herndon, VA)
- 5 days ago
- Vienna, VA (10 miles from Herndon, VA)
- 5 days ago
Description To evaluate and underwrite all mortgage loan types offered by the client according to specific state and federal requirements to limit the risk exposure to the client's mortgage...
Multifamily Senior Underwriter Affordable Housing
- McLean, VA (12 miles from Herndon, VA)
- 14 days ago
- McLean, VA (12 miles from Herndon, VA)
- 14 days ago
The nations greatest and most innovative secondary market Multifamily mortgage lender and issuer of securitized fixed-income with an annual platform exceeding $70 billion is looking to add a Multifamily...
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Residential Mortgage Underwriter
- Bethesda, MD (15 miles from Herndon, VA)
- 16 days ago
- Bethesda, MD (15 miles from Herndon, VA)
- 16 days ago
This is an exciting opportunity for someone who thrives in a detail-driven environment, can balance productivity with precision, and brings strong working knowledge of BPL loan processes....
Underwriter Sr-Business Banking
- Washington, DC (19 miles from Herndon, VA)
- 20 days ago
- Washington, DC (19 miles from Herndon, VA)
- 20 days ago
**Duties & Responsibilities:** + Analyze financial statements + Utilize bank systems for loan processing and completion of loan proposal + Complete underwriting and communicate credit decisions within...
- Vienna, VA (10 miles from Herndon, VA)
- 26 days ago
- Vienna, VA (10 miles from Herndon, VA)
- 26 days ago
TEKsystems is currently searching for career-driven candidates interested in a Mortgage Underwriter opportunity with a Fortune 100 Financial Institution in the Vienna, VA area! Job Details:...
Mortgage Loan Underwriter Senior
- Washington, DC (19 miles from Herndon, VA)
- 90+ days ago
- Washington, DC (19 miles from Herndon, VA)
- 90+ days ago
MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...
Demographic Data for Herndon, VA
Moving to Herndon, VA? Find some basic demographic data about Herndon, VA below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Herndon, VA
Highest Education Level
Loan Underwriters in Herndon, VA offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Military Background
- Reimbursement
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Jumbo Loans
- Commercial Banking
- Loan Review
- Conventional Loans
- Commercial Lending
- Credit Underwriting
- FHLMC
- Fannie Mae
- Loan Processing
- Freddie Mac
- Cross Selling
- OFAC
- Encompass
- Know Your Customer
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- USDA
- Cash Flow Analysis
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Taxes
- Portfolio Management
- Appraisal
- Risk Analysis
- Financial Analysis
- Real Estate
- Strategy Development
- Finance
- Closing
- Accounting
- Quality Control
- Written Communication
- Negotiation
- Verbal Communication
- Mentoring
- Collaboration
- Documentation
- Filing
- Reporting
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Scheduling
- Leadership
- Communication Skills
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