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Entry Level Underwriter Jobs in Silver Spring, MD

InsuraTec

Sales Representative (Remote)

Scaggsville, MD · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

InsuraTec

Sales Representative (Remote)

Great Falls, VA · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

InsuraTec

Sales Representative (Remote)

Takoma Park, MD · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

InsuraTec

Sales Representative (Remote)

Pikesville, MD · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

InsuraTec

Sales Representative (Remote)

Fairfax, VA · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

InsuraTec

Sales Representative (Remote)

Chillum, MD · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

InsuraTec

Sales Representative (Remote)

Leesburg, VA · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

InsuraTec

Sales Representative (Remote)

Oxon Hill, MD · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

InsuraTec

Sales Representative (Remote)

Monrovia, MD · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

InsuraTec

Sales Representative (Remote)

Laurel, MD · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

InsuraTec

Sales Representative (Remote)

Catonsville, MD · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

InsuraTec

Sales Representative (Remote)

Fort Hunt, VA · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

InsuraTec

Sales Representative (Remote)

Waldorf, MD · Remote

Underwriting Collaboration : Work closely with underwriting to facilitate smooth policy issuance ... Qualifications: * Entry-Level Friendly : No prior experience needed; we offer full training. * Self ...

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All JobsUnderwriter JobsEntry Level Underwriter JobsEntry Level Underwriter Jobs in Silver Spring, MD

Entry Level Underwriter information

See Silver Spring, MD salary details

$33.6K

$81.5K

$144.2K

How much do entry level underwriter jobs pay per year?

As of Sep 4, 2026, the average yearly pay for entry level underwriter in Silver Spring, MD is $81,543.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,100.00 and $89,900.00 per year, depending on experience, location, and employer.

What does an entry level underwriter do?

As an entry-level underwriter, you analyze insurance or mortgage applications to determine premiums and coverage amounts. You research and talk to banks, medical personnel, or other field representatives to get further information before extending loans or coverage. You use set criteria to screen applicants for the products and services that you offer. Other duties and responsibilities include determining a person’s risk for loans or insurance, making the decision to provide what they are asking for, and working to assist the people applying and the companies offering coverage and financial items.

What are the key skills and qualifications needed to thrive as an entry level underwriter?

To thrive as an Entry Level Underwriter, you need strong analytical skills, attention to detail, and a bachelor's degree in finance, business, or a related field. Familiarity with underwriting software, spreadsheets, and risk assessment tools is typically required. Excellent communication, organizational skills, and the ability to work collaboratively are important soft skills for this role. These competencies ensure accurate risk evaluation, effective decision-making, and smooth coordination with clients and internal teams.

What are some common challenges faced by entry level underwriters, and how can they overcome them?

Entry level underwriters often face challenges such as learning complex risk assessment criteria, adapting to industry-specific software, and balancing accuracy with efficiency under tight deadlines. To overcome these challenges, it's helpful to seek mentorship from experienced colleagues, participate in training sessions, and regularly review feedback on your work. Building strong communication skills is also key, as underwriters frequently collaborate with agents, brokers, and other team members to clarify details and ensure thorough evaluations.

Can I become an entry level underwriter with no experience?

Entry level underwriters typically do not require prior experience, as they often receive on-the-job training and may have a background in finance, mathematics, or related fields. Strong analytical skills, attention to detail, and familiarity with underwriting software can help candidates succeed in this role.

How to get started as an entry level underwriter?

To start as an entry-level underwriter, obtain a bachelor's degree in finance, economics, or a related field, and develop strong analytical and communication skills. Gaining familiarity with underwriting software and obtaining relevant certifications, such as the Chartered Property Casualty Underwriter (CPCU), can improve job prospects. Entry-level underwriters often begin by assisting experienced underwriters and learning industry standards through on-the-job training.

Is underwriting easy to get into?

Entry level underwriting positions are generally accessible to candidates with a high school diploma or bachelor's degree, and some employers may prefer candidates with basic knowledge of finance or insurance. While prior experience is not always required, strong analytical skills, attention to detail, and familiarity with underwriting software can improve chances of entry. The role often involves on-the-job training and may require passing industry-specific certifications over time.
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Entry Level Underwriter jobs near you
Infographic showing various Entry Level Underwriter job openings in Silver Spring, MD as of August 2026, with employment types broken down into 94% Full Time, 4% Part Time, and 2% Contract. Highlights an 72% Physical, 10% Hybrid, and 18% Remote job distribution, with an average salary of $81,543 per year, or $39.2 per hour.

GSE Underwriting Intern - Summer 2027

Merchants Bancorp

Washington, DC • On-site

$17 - $22.75/hr

Part-time

Posted 5 days ago

Key responsibilities

  • Support the underwriting team by performing due diligence for multifamily transactions and reviewing operating statements and rent rolls.

  • Conduct site visits and review third-party reports to assess property condition, market, and site characteristics.

  • Assist in preparing underwriting narratives, managing documentation, and communicating with various teams to facilitate loan underwriting and closing processes.

Job description

Job Type
Part-time, Temporary, Internship
Description
Are you looking for an internship that encourages creativity and innovation? We believe our people make the difference in our business, and our interns are no exception. In our internship program you will be responsible for supporting your assigned team with a variety of projects and administrative work. No coffee runners work here in the summer; you will do real work that you can add to your resume once you have completed this program. For our top performing interns, this program is our pipeline for many of our entry level full-time positions.
As a GSE Underwriting Intern you will...
  • Work with Underwriter(s) and perform due diligence for multifamily transactions across various product types.
  • Review operating statements and rent rolls to determine the underwritten net cash flow of a property.
  • Evaluate the property's market and submarket, as well as the property, and its site characteristics.
  • Complete initial review of borrower and management qualifications.
  • Learn methodology for building up proforma income & expenses.
  • Learn FNMA and FMAC underwriting requirements along with reviewing any lender updates on an on-going basis.
  • Conduct site visits to assess the condition and quality of multifamily projects, their management, and the market.
  • Order and complete preliminary review of third-party reports including appraisals, engineering, seismic, Phase I environmental assessments, and Zoning Reports.
  • Maintain organized and fully documented underwriting files and manage underwriting checklists.
  • Assist in crafting the underwriting narratives/final loan packages for committee review.
  • Communicate closely with the Underwriting, Production, Closing, and Insurance teams, and others as appropriate to problem-solve deal issues.
  • Assist in completing underwriting deliverables as part of the closing and submission of the loan to the investor.
  • Be assigned projects tailored to your department. The goal is that you will take what you have learned in your course work, apply it to your projects and then implement those solutions or recommendations. The aim is for these projects to help you build and broaden technical ability as well as help develop emotional intelligence (AKA soft skills).
  • Have both a manager and mentor to help guide you through our program and your day-to-day work.
  • Be given the opportunity to deliver a final presentation of your project results and make business recommendations to your department, team members and executive leadership.
  • Have a better understanding of "what we do and how we do it" and be prepped and ready to enter the workforce.

We also offer weekly Development Days to help our interns grow professionally and learn about our industry. These offerings include...
  • Mock interviews and resume review with our talent management team to help prepare you to enter the workforce.
  • LinkedIn training to help you build and develop your personal profile and teach you about online professional networking.
  • DISC Assessment - coursework on how to leverage work styles and preferences to help improve teamwork, communication, and productivity in the workplace.
  • "Company Insiders" Training - Listen to current Merchants employees tell their success stories and learn about who we are and what each department does to support our success.

Requirements
We are looking for...
  • Students who have completed at least their sophomore year of college. College graduates are welcome to apply as well.
  • High school diploma or GED from an accredited institution required.

Ranked as the top-performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana, operating multiple lines of business, including multifamily housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp conducts its business through its direct and indirect subsidiaries, Merchants Bank, Merchants Capital Corp., Farmers-Merchants Bank of Illinois, and Merchants Mortgage, a division of Merchants Bank.
Merchants Capital was established in August of 1990 as a mortgage banking firm specializing in multifamily housing and health care facilities finance. With extensive experience in these types of finance, the company is a premier provider and servicer of Multifamily, Affordable, Healthcare, and Student Housing. Our mission is simple: to provide the best origination and service of our loan and investment products with exceptional customer service, accuracy, creativity, speed, and conformance to regulations.

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