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Collateral Underwriter Jobs in Virginia (NOW HIRING)

New Horizon Bank

Underwriter

Richmond, VA · On-site

$75K - $95K/yr

Review industry information, key risks, mitigants, and collateral to form a comprehensive business overview of the borrower. * Utilize analysis results to underwrite commercial loans effectively.

The Hartford

Captives Underwriter

Alexandria, VA · Hybrid

$124K - $199K/yr

... collateral management. * Possesses a deep understanding of the business. * Demonstrated ... Production Underwriting and Sales * Exhibits a commitment to finding ways to write profitable new ...

NC SECU

The Loan Underwriter I serves as a key resource to branch personnel and the loan processing team ... collateral valuation; provide final clear to close approval of real estate loan files while ...

Shore United Bank

Commercial Underwriter

Fredericksburg, VA · On-site

$81K - $110K/yr

The Commercial Underwriter will play a key role in evaluating and structuring commercial lending ... Ability to identify source of repayment and perform collateral analysis, including an understanding ...

FinTrust Connect

Senior Portfolio Manager

Richmond, VA · On-site

... and/or underwriting experience supporting Middle Market clients * Strong knowledge of commercial loan structuring, credit documentation, accounting principles, cash flow analysis, collateral ...

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All JobsCollateral Underwriter JobsCollateral Underwriter Jobs in Virginia

Collateral Underwriter information

See Virginia salary details

$32.2K

$78.2K

$138.3K

How much do collateral underwriter jobs pay per year?

As of Aug 30, 2026, the average yearly pay for collateral underwriter in Virginia is $78,202.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,500.00 and $86,300.00 per year, depending on experience, location, and employer.

What is a collateral underwriter?

A Collateral Underwriter is responsible for evaluating the value and risk associated with real estate used as loan collateral. They analyze appraisal reports, market trends, and regulatory guidelines to ensure accuracy and compliance. Their role helps lenders mitigate risks by determining whether a property's valuation supports the loan amount. Strong analytical skills and knowledge of underwriting guidelines are essential for this position.

What skills and qualifications are needed to be a collateral underwriter?

To thrive as a Collateral Underwriter, a solid background in real estate valuation, risk analysis, and loan underwriting—often supported by a bachelor’s degree in finance, business, or a related field—is essential. Familiarity with industry-standard appraisal software, loan origination systems (LOS), and knowledge of regulatory guidelines like USPAP and FNMA/FHLMC standards are typically required. Strong analytical thinking, attention to detail, and effective written and verbal communication skills help set top performers apart. These skills ensure accurate collateral evaluation, sound risk mitigation, and smooth collaboration with loan officers, appraisers, and compliance teams.

What challenges do collateral underwriters face and how are they addressed?

Collateral Underwriters often encounter challenges such as complex property valuations, incomplete or inconsistent documentation, and tight deadlines for loan approvals. Addressing these issues typically involves close collaboration with appraisers, borrowers, and internal teams to gather accurate data and ensure thorough due diligence. Utilizing up-to-date technology and maintaining a strong understanding of market conditions and regulatory changes can help underwriters make informed decisions. Developing excellent organizational and communication skills also aids in managing workflow and resolving issues efficiently. Being proactive and adaptable is key to overcoming day-to-day hurdles in this important risk management role.

Is it hard to become a collateral underwriter?

Becoming a collateral underwriter typically requires a bachelor's degree in finance, real estate, or a related field, along with strong analytical skills and knowledge of loan and collateral evaluation. Gaining experience through internships or entry-level positions in lending or underwriting can also be helpful; certifications like the Certified Commercial Investment Member (CCIM) may enhance prospects. The role involves detailed analysis and attention to detail, but the difficulty varies based on individual background and training.

What are popular job titles related to Collateral Underwriter jobs in Virginia?

For Collateral Underwriter jobs in Virginia, the most frequently searched job titles are:

What job categories do people searching Collateral Underwriter jobs in Virginia look for?

The top searched job categories for Collateral Underwriter jobs in Virginia are:

Collateral Underwriter jobs near you
Infographic showing various Collateral Underwriter job openings in Virginia as of August 2026, with employment types broken down into 100% Full Time. Highlights an 89% In-person, and 11% Hybrid job distribution, with an average salary of $78,202 per year, or $37.6 per hour.

Underwriter

New Horizon Bank - National Association

Richmond, VA • On-site

Full-time

Re-posted 14 days ago

Job description

Description

 New Horizon is not just another bank; it is a dynamic, forward-thinking financial institution committed to redefining the banking relationship through our relentless pursuit of curiosity, boundless creativity, and unwavering dedication to innovation. Our team is comprised of passionate individuals who are constantly seeking new ways to enhance our services and create exceptional experiences for our customers. From developing innovative financial products to implementing cutting-edge technologies, we are committed to finding creative solutions that address the evolving needs of our clients in today's integrated and fast-paced world. Join us on our journey as we continue to explore new horizons, challenge conventions, and redefine the future of banking. 

New Horizon Bank is looking for an Underwriter III to play a critical role in evaluating and approving loan applications and ensuring compliance with bank policies and regulatory requirements. Your expertise will help us manage risk effectively while providing "white glove" service to our clients.


You know you are the right candidate for this role if:

  • You love balancing risk mitigation with opportunity.
  • You can apply a creative approach to loan structuring - increasing the chances of closing the loan. 
  • You possess exceptional judgement, strong strategic and critical thinking skills, and you like to solve problems collaboratively. 
  • You are an action oriented, outcomes-driven leader.

What you'll spend your time doing:

Underwriting:

  • Underwrite commercial credit actions by reviewing financial statements, analyzing borrower risk ratings, and recommending appropriate loan structuring.
  • Collaborate with loan officers and other team members to gather additional information and clarify borrower details.
  • Ensure all parties are kept informed of underwriting progress and outcomes.
  • Communicate decisions and recommendations clearly and effectively to both internal and external stakeholders.
  • Provide guidance and support to teammates on underwriting procedures and information needs.
  • Prepare detailed reports and documentation to support underwriting decisions.

Analysis:

  • Source, compile, and interpret financial data to support the structuring and approval of loans.
  • Review industry information, key risks, mitigants, and collateral to form a comprehensive business overview of the borrower.
  • Utilize analysis results to underwrite commercial loans effectively.
  • Prepare credit analysis documentation and servicing information.

Risk Management:

  • Identify and evaluate risks associated with new and existing commercial credit requests and relationships through thorough review and analysis.
  • Collaborate with Bank associates and partners to address risk issues, communicate review schedules, and manage changes in the commercial portfolio.
  • Assist in coordinating review and renewal schedules for existing credits, supporting ongoing risk identification and management.
  • Ensure all underwriting decisions align with the bank's credit policies and procedures.

Business Support:

  • Identify cross-sales opportunities for new and existing relationships based on analytical activities.
  • Partner with associates and clients to determine needs and structure new requests, renewals, and modifications.
  • Maintain up-to-date knowledge of industry regulations, market trends, and best practices.

Requirements

  • Bachelor's degree in Finance, Business Administration, or a related field. 
  • Excellent analytical, problem-solving, and decision-making skills.
  • Proficiency in underwriting software and Microsoft Office Suite.
  • Strong understanding of underwriting principles, credit analysis, and risk management.
  • Minimum of 7 years of underwriting experience, with a focus on commercial loans, minimum 10 years preferred.
  • Effective communication and interpersonal skills, with the ability to interact confidently with senior management and regulatory authorities.

Apply