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Mortgage Risk Manager Jobs in Virginia (NOW HIRING)

Freddie Mac

Seller Credit Risk Manager

Mclean, VA · On-site

$128K - $192K/yr

Bachelor's Degree or equivalent with 8+ years in mortgage industry-related roles * 5+ years in credit risk management or underwriting to include expertise in mortgage credit risk, underwriting and ...

Freddie Mac

Portfolio Risk Lead - Servicing

Mclean, VA · On-site

As an independent risk leader, you'll provide effective challenge to business risk management, strengthen risk governance and utilize your broad experience in all aspects of mortgage loan servicing ...

Freddie Mac

Portfolio Risk Lead - Servicing

Mclean, VA · On-site

As an independent risk leader, you'll provide effective challenge to business risk management, strengthen risk governance and utilize your broad experience in all aspects of mortgage loan servicing ...

Freddie Mac

Portfolio Risk Lead - Servicing

Mclean, VA · On-site

As an independent risk leader, you'll provide effective challenge to business risk management, strengthen risk governance and utilize your broad experience in all aspects of mortgage loan servicing ...

Freddie Mac

Operational Risk Business Lead

Mclean, VA · On-site

... mortgage servicing industry? Freddie Mac is seeking an accomplished Risk Practitioner to join our ... This is a unique opportunity to shape risk management practices, influence senior leaders, and ...

Citizens

Home Mortgage Escrow Manager

Glen Allen, VA · On-site

Description The Escrow Analysis & Mortgage Insurance Manager is responsible for leading the day-to ... Identify process gaps and implement improvements to strengthen risk management and operational ...

Citizens

Home Mortgage Escrow Manager

Glen Allen, VA

Description The Escrow Analysis & Mortgage Insurance Manager is responsible for leading the day-to ... Identify process gaps and implement improvements to strengthen risk management and operational ...

Virginia Credit Union

Mortgage Loan Processor

Midlothian, VA · On-site

$37K - $52K/yr

PRIMARY FUNCTION To process first mortgage loan applications for all residential and land loans to ... Report all Risk Management Policy violations in accordance with policy. • Maintain excellent ...

Virginia Credit Union

Mortgage Loan Processor

Roanoke, VA

$39K - $54K/yr

PRIMARY FUNCTION To process first mortgage loan applications for all residential and land loans to ... Report all Risk Management Policy violations in accordance with policy. Maintain excellent working ...

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Mortgage Risk Manager information

What are the key skills and qualifications needed to thrive as a Mortgage Risk Manager, and why are they important?

To thrive as a Mortgage Risk Manager, you need a solid background in finance, risk assessment, and regulatory compliance, often supported by a degree in finance or a related field. Familiarity with risk modeling software, loan origination systems, and certifications such as FRM or CFA are commonly required. Analytical thinking, attention to detail, and strong communication help you excel at evaluating loan portfolios and collaborating with cross-functional teams. These skills ensure prudent risk management, regulatory adherence, and the financial stability of mortgage lending operations.

What are some common challenges faced by Mortgage Risk Managers, and how can they be addressed?

Mortgage Risk Managers often encounter challenges such as assessing the creditworthiness of borrowers in a fluctuating market, keeping up with evolving regulatory requirements, and mitigating risks associated with loan defaults. To address these, professionals need to stay updated on industry regulations, leverage advanced data analytics tools, and work closely with underwriting and compliance teams. Proactive communication and ongoing training are also essential to navigate changes and ensure robust risk management practices.

What is the difference between Mortgage Risk Manager vs Mortgage Underwriter?

AspectMortgage Risk ManagerMortgage Underwriter
Primary RoleAssess and manage overall mortgage risk, develop risk policiesEvaluate individual loan applications for approval
Required CredentialsTypically requires risk management certifications, finance or related degreesOften requires mortgage licensing, underwriting certifications
Work EnvironmentCorporate offices, risk departments, financial institutionsLoan processing centers, banks, mortgage companies
Industry UsageUsed by lenders to mitigate risk at a strategic levelUsed by lenders to approve or deny individual loans

The Mortgage Risk Manager focuses on assessing and managing the overall risk profile of mortgage portfolios, developing policies to mitigate potential losses. In contrast, the Mortgage Underwriter evaluates individual loan applications to determine approval eligibility. While both roles require financial knowledge and relevant certifications, their scope and responsibilities differ significantly, with the Risk Manager working at a strategic level and the Underwriter at an operational level.

What does a Mortgage Risk Manager do?

A Mortgage Risk Manager is responsible for identifying, assessing, and mitigating risks associated with mortgage lending within a financial institution. They analyze credit, market, and operational risks to ensure loans are compliant with regulations and company policies. Their role includes developing risk assessment models, monitoring loan portfolios, and implementing strategies to reduce potential losses. Additionally, they often collaborate with underwriters, compliance teams, and senior management to maintain the financial health of the mortgage business.
What are popular job titles related to Mortgage Risk Manager jobs in Virginia? For Mortgage Risk Manager jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Mortgage Risk Manager jobs in Virginia look for? The top searched job categories for Mortgage Risk Manager jobs in Virginia are:
What cities in Virginia are hiring for Mortgage Risk Manager jobs? Cities in Virginia with the most Mortgage Risk Manager job openings:
Mortgage Risk Manager jobs near you
Seller Credit Risk Manager

Seller Credit Risk Manager

Freddie Mac

Mclean, VA • On-site

$128K - $192K/yr

Full-time

Posted 17 days ago

Job description

At Freddie Mac, our mission of Making Home Possible is what motivates us, and it's at the core of everything we do. Since our charter in 1970, we have made home possible for more than 90 million families across the country. Continue your career journey where your work contributes to a greater purpose.

Position Overview:

The Credit Manager for Single-Family Seller Credit Risk Management is tasked with identifying, evaluating, and managing credit risk at the Seller/Servicer level, ensuring alignment with Freddie Mac's Seller/Servicer Guide, risk appetite, and housing mission. This role collaborates with internal teams to monitor seller credit profiles, address inquiries, and resolve issues where practices diverge from Freddie Mac requirements.

Our Impact:

The Single-Family Seller Credit Risk Management team is an integral part of ensuring the credit risk Freddie Mac takes on is appropriately monitored and managed at a Seller/Servicer level to support our mission of affordable housing and promotion of liquidity in a safe, sound, and responsible way.

Your Impact:

  • Strategy:Develop a strong understanding of assigned Sellers, Credit Risk Management objectives, loan programs, and operating procedures. Deliver practical, risk-based solutions within established risk tolerances.
  • Execution:Monitor Seller credit risk, focusing on delivery profile trends and loan performance. Identify emerging issues and recommend actions to sustain or improve credit quality.
  • Relationship Management:Manage and strengthen internal and external relationships related to credit matters.
  • Risk Management:Partner with business and risk stakeholders on credit risk assessments and policy applications.

Qualifications:

  • Bachelor's Degree or equivalent with 8+ years in mortgage industry-related roles
  • 5+ years in credit risk management or underwriting to include expertise in mortgage credit risk, underwriting and seller/servicer eligibility
  • Strong command of GSE policy and Freddie Mac Seller/Servicer Guide requirements
  • Analytical and data-driven approach to risk assessment, along with interest in utilizing AI tools for efficiency improvement
  • Proven ability to build and manage relationships with sellers, servicers, and stakeholders utilizing strong written and oral communication skills

Keys to Success:

  • Clear, Executive-Ready Communication:Convey complex credit issues clearly and concisely to senior leadership.
  • Strong Governance, Controls, and Compliance Mindset:Ensure alignment with internal risk frameworks and regulatory expectations.
  • Change Agility and Adaptability:Quickly adapt to evolving market conditions and emerging risks while maintaining sound risk management principles.

We consider all applicants for all positions without regard to gender, race, color, religion, national origin, age, marital status, veteran status, sexual orientation, gender identity/expression, physical and mental disability, pregnancy, ethnicity, genetic information or any other protected categories under applicable federal, state or local laws. We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.

This position has an annualized market-based salary range of $128,000 - $192,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.Employment Type: FULL_TIME
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About Freddie Mac

Sourced by ZipRecruiter

Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.

Industry

Finance and insurance

Company size

5,001 - 10,000 Employees

Headquarters location

McLean, VA, US

Year founded

1970

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