Loan Underwriter Jobs in Mclean, 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.
underwriting review of new loans and resubmittals + Work in a team environment with other underwriters and closers to contribute to overall processing goals + Work directly with lenders to ensure all...
Commercial Credit Senior Underwriter/Portfolio Manager I, Not For Profit
- Falls Church, VA (4 miles from Mclean, VA)
- 10 days ago
- Falls Church, VA (4 miles from Mclean, VA)
- 10 days ago
Scope of Responsibilities: The Commercial Credit Underwriting/Portfolio Management Department is responsible to provide an independent credit quality assessment of the Bank's commercial clients....
Job Description: The UW is responsible for underwriting and structuring of credit transactions....
- Bethesda, MD (4 miles from Mclean, VA)
- 16 days ago
- Bethesda, MD (4 miles from Mclean, VA)
- 16 days ago
Position/Title: Underwriting Associate Location: Bethesda, Maryland (3 days on site) Status: FTE Position Overview We are seeking an Underwriting Associate with a demonstrated track record of reviewing...
Mortgage Loan Underwriter Senior
- Washington, DC (7 miles from Mclean, VA)
- 45+ days ago
- Washington, DC (7 miles from Mclean, VA)
- 45+ days ago
MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...
Housing Administration (FHA) underwriting Preferred Qualifications 7+ years of commercial real estate experience 7+ years of experience underwriting FHA-insured loans with some experience managing...
Commercial Credit Senior Underwriter-I
- Columbia, MD (23 miles from Mclean, VA)
- 60+ days ago
- Columbia, MD (23 miles from Mclean, VA)
- 60+ days ago
SCOPE The Commercial Credit Underwriting Department is responsible to provide an independent credit quality assessment of the Bank's commercial clients....
- Laurel, MD (18 miles from Mclean, VA)
- 60+ days ago
- Laurel, MD (18 miles from Mclean, VA)
- 60+ days ago
Hiring Range - $27.41/hr - $34.26/hr SUMMARY OF POSITION: The Consumer Loan Underwriter will be responsible for performing a thorough initial and/or second underwriting review to ensure compliance Tower...
Demographic Data for Mclean, VA
Moving to Mclean, VA? Find some basic demographic data about Mclean, VA below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Mclean, VA
Highest Education Level
Loan Underwriters in Mclean, VA offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Reimbursement
- Federal National Morgage Association
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- Loan Documentation
- FHLMC
- Federal Housing Administration
- Fannie Mae
- Jumbo Loans
- Loan Review
- Conventional Loans
- Know Your Customer
- Commercial Banking
- Commercial Lending
- Freddie Mac
- Loan Processing
- Credit Underwriting
- Mortgage Processing
- Treasury Management
- Credit Analysis
- Mortgage Underwriting
- Cash Flow Analysis
- USDA
- Loan Servicing
- Financial Services
- Balance Sheets
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Taxes
- Financial Analysis
- Resolution
- Real Estate
- Customer Satisfaction
- Finance
- Closing
- Process Improvement
- Quality Control
- Accounting
- Decision Making
- Written Communication
- Auditing
- Documentation
- Mentoring
- Bachelor's Degree
- Reporting
- Regulations
- Policy Development
- Problem Solving
- Microsoft Excel
- Microsoft Office
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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