Loan Underwriter Jobs in Virginia
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.
Account Executive Officer/Sr. Underwriter, National Property
- Chantilly, VA
- 1 day ago
- Chantilly, VA
- 1 day ago
Who Are We?** Taking care of our customers, our communities and each other. Thats the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property...
, RapidILL, OCLC First Search, and WorldCat Train and supervise part-time employee and cadet assistants in their support of document fulfillment and delivery operations (borrowing, acquisition and lending...
lending process and workflow through post-closing Sound knowledge of secondary & private investor loan programs Strong oral and written communication skills with solid organizational, interpersonal...
Knowledge of lending regulations, guidelines, and industry standards....
TEKsystems is currently searching for career-driven candidates interested in a Mortgage Underwriter opportunity with a Fortune 100 Financial Institution in Winchester, VA! Job Details: Schedule:...
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...
Performs second reviews of denied loans Updates Loan Origination System and Automated Underwriting Systems Mortgage Loan Underwriter Senior can underwrite multiple loan types and/or loans with highly...
Ensure lending practices conform with established Primis policy and credit standards. Maintains knowledge of the bank's products and pricing. Regular, reliable, and predictable attendance....
Demographic Data for Virginia
Moving to Virginia? Find some basic demographic data about Virginia below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Virginia
Highest Education Level
Loan Underwriters in Virginia offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Military Background
- Marketing & Sales
- Property and Casualty Insurance
- Reimbursement
- CPCU
- Mortgage Lending
- Loan Origination
- Consumer Lending
- Lending
- BSA
- Federal National Morgage Association
- Federal Housing Administration
- Loan Documentation
- Credit Underwriting
- Jumbo Loans
- Commercial Banking
- Loan Review
- Conventional Loans
- Commercial Lending
- Fannie Mae
- FHLMC
- Loan Processing
- Freddie Mac
- Cross Selling
- OFAC
- Encompass
- Mortgage Processing
- Mortgage Underwriting
- Credit Analysis
- Financial Services
- USDA
- Cash Flow Analysis
- Valuation
- Underwriting
- Financial Statements
- Appraisal
- Portfolio Management
- Risk Analysis
- Financial Analysis
- Real Estate
- Risk Management
- Closing
- Strategy Development
- Finance
- Accounting
- Quality Control
- Written Communication
- Negotiation
- Verbal Communication
- Mentoring
- Collaboration
- Documentation
- Reporting
- Bachelor's Degree
- Coaching
- Regulations
- Policy Development
- Microsoft Office
- Sales
- Problem Solving
- Microsoft Excel
- Time Management
- Organization
- Customer Service
- Leadership
- Communication Skills
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