Loan Underwriter Jobs in Reston, 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.
Residential Care Facilities - LEAN/MAP Loan Underwriter
- McLean, VA (9 miles from Reston, VA)
- 14 days ago
- McLean, VA (9 miles from Reston, VA)
- 14 days ago
Review new and renewal loan applications to facilitate and ensure their compliance with HUDs lending guidance per the Multifamily handbook Underwrite complex transactions with complicated borrower structures...
Mortgage Loan Underwriter Senior
- Washington, DC (17 miles from Reston, VA)
- 16 days ago
- Washington, DC (17 miles from Reston, VA)
- 16 days ago
MORTGAGE LOAN UNDERWRITER SENIOR WHAT IS THE OPPORTUNITY?...
- Washington, DC (17 miles from Reston, VA)
- 30+ days ago
- Washington, DC (17 miles from Reston, VA)
- 30+ days ago
Who You Will Work With Credit Underwriter will report directly to the Senior Director of Credit Underwriting....
Multifamily/Commercial Real Estate Underwriter
- Herndon, VA (2 miles from Reston, VA)
- 30+ days ago
- Herndon, VA (2 miles from Reston, VA)
- 30+ days ago
Ideally, the candidate would have worked with a lender whose loans are purchased by our client. Work Environment Remote Pay and Benefits The pay range for this position is $60.00 - $70.00/hr....
Remote WorkMulti-family Commercial Real Estate Underwriter
- Herndon, VA (2 miles from Reston, VA)
- 30+ days ago
- Herndon, VA (2 miles from Reston, VA)
- 30+ days ago
Description Fannie Mae is a leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets at all times....
Remote WorkLIHTC Senior Underwriter (Flexible Hybrid)
- Washington, DC (17 miles from Reston, VA)
- 45+ days ago
- Washington, DC (17 miles from Reston, VA)
- 45+ days ago
As needed, underwrite and close proprietary and multi-investor fund investments, as well as negotiate and close proprietary fund agreements....
Demographic Data for Reston, VA
Moving to Reston, VA? Find some basic demographic data about Reston, VA below.
Loan Underwriter Online Courses and Training Opportunities
Salary for Loan Underwriter Jobs in Reston, VA
Highest Education Level
Loan Underwriters in Reston, VA offer the following education backgroundQualifications / Skill Sets
The following top skills are often required or desired to land a Loan Underwriter position
- Federal National Morgage Association
- Mortgage Lending
- Jumbo Loans
- Consumer Lending
- Loan Documentation
- Lending
- Loan Origination
- FHLMC
- Fannie Mae
- Loan Review
- Commercial Banking
- BSA
- Commercial Lending
- Federal Housing Administration
- Loan Processing
- Tila Respa Integrated Disclosures
- OFAC
- Credit Underwriting
- Mortgage Processing
- Loan Servicing
- Credit Analysis
- Cash Flow Analysis
- Mortgage Underwriting
- Financial Services
- Balance Sheets
- Underwriting
- Financial Statements
- Appraisal
- Financial Modeling
- Due Diligence
- Financial Analysis
- Resolution
- Problem Resolution
- Real Estate
- Customer Satisfaction
- Finance
- Process Improvement
- Accounting
- Decision Making
- Auditing
- Quality Control
- Written Communication
- Mentoring
- Documentation
- Bachelor's Degree
- Reporting
- Sales
- Regulations
- Policy Development
- Microsoft Excel
- Microsoft Office
- Time Management
- Staff Supervision
- Organization
- Customer Service
- Leadership
- Communication Skills
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