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Mortgage Risk Manager Jobs in Virginia (NOW HIRING)

Bank of Clarke

Mortgage Loan Officer

Mclean, VA · On-site

$30K - $50K/yr

Ability to communicate and manage client information through loan operating system, and any other ... risk. * Complete mortgage loans by monitoring collection, verification, and preparation of mortgage ...

Bank of Clarke

Mortgage Loan Officer

Mclean, VA · On-site +1

Ability to communicate and manage client information through loan operating system, and any other ... risk. * Complete mortgage loans by monitoring collection, verification, and preparation of mortgage ...

USM

Project Manager with Mortgage exp MUST

Mclean, VA

$99K - $117K/yr

Project Manager with Mortgage exp MUST Location: McLean, VA (Locals Only) Duration: 24 months ... Risk Management, Scope and Change Request Management, Schedule Management, and Internal Controls ...

NC SECU

... risk with the ability/authority to extend credit or deny for real estate loan products within ... Complete additional tasks as assigned by management. * Requirements * Must have high school diploma ...

Truist

Audit Director - Mortgage Lending

Richmond, VA · On-site

$152K - $190K/yr

... managing the delivery of value-added independent, objective risk-based internal audit assurance ... 3. Mortgage lending and/or mortgage servicing experience 4. Banking experience and consumer ...

Atlantic Bay

Project Management Analyst

Virginia Beach, VA · On-site

$103K/yr

... mortgage origination and servicing, secondary marketing, accounting, liquidity management, enterprise risk management, and legal and regulatory compliance. What you'll be doing Project Management ...

NC SECU

... risk with the ability/authority to extend credit or deny for real estate loan products within ... Complete additional tasks assigned by management. Requirements * Must have high school diploma or ...

TowneBank

Private Client Risk Advisor

Glen Allen, VA · On-site

About Us Towne Insurance is a nationally recognized top insurance and risk management firm ... bank, mortgage, real estate, insurance, and other financial service departments. * Find and ...

RiskSpan

Product Manager Agency MBS

Arlington, VA · On-site

... risk management solutions for the Consumer and Institutional Finance industries. We solve business problems for clients such as banks, mortgage-backed and asset-backed securities issuers, equity and ...

RiskSpan

Product Manager Agency MBS

Arlington, VA · On-site

... risk management solutions for the Consumer and Institutional Finance industries. We solve business problems for clients such as banks, mortgage-backed and asset-backed securities issuers, equity and ...

TowneBank

Private Client Risk Advisor

Glen Allen, VA · On-site

About Us Towne Insurance is a nationally recognized top insurance and risk management firm ... bank, mortgage, real estate, insurance, and other financial service departments. * Find and ...

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All JobsMortgage Risk JobsMortgage Risk Manager JobsMortgage Risk Manager Jobs in Virginia

Mortgage Risk Manager information

What are the key skills and qualifications needed to thrive as a mortgage risk manager?

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

Mortgage Loan Officer

Bank of Clarke

Mclean, VA • On-site

$30K - $50K/yr

Full-time

Medical, Dental, Vision, Life, PTO

Re-posted 25 days ago

Job description

Job Type
Full-time
Description
Position Purpose: Provide lending services and financial advice to customers interested in mortgage loans for the purpose of purchasing, refinancing or constructing real estate. The lending service includes an extensive knowledge of bank loan products including portfolio, conventional and government mortgage products offered. The ability to determine best product to fit the financial needs of the customer is essential. Lending responsibilities include all underwriting tasks normally associated with making sound and thorough credit decisions.
This position can be hybrid or fully remote.
What you'll do:
  • Interview applicants to obtain their financial position and ability to repay.
  • Collect and analyze all necessary documentation and review for loan approval.
  • Review various loan products to recommend best fit for the customer depending on credit history, down payment, and amortization requirements.
  • Utilize training materials, reference tools, and other resources to provide accurate up-to-date loan program/policy information to clients and partners.
  • Ability to communicate and manage client information through loan operating system, and any other system applicable to the process.
  • Develop and maintain successful relationships with business referral sources. Increase mortgage loan portfolio by developing business contacts, attracting mortgage customers. Weekly calls and appointments on potential and existing customers as established in marketing plan to develop new business or retain existing business. This includes branches/other bank depts., realtors, builders, and other professionals to build relationships and a referral base.
  • Seek potential and existing customers to develop new business, refinance opportunities, and referrals.
  • Attract new mortgage loan applications by developing relationships within the community, specifically with the real estate community, making sales calls to prospective customers.
  • Approve mortgage loans by examining application and supporting documentation; estimating credit worthiness; calculating repayment risk.
  • Complete mortgage loans by monitoring collection, verification, and preparation of mortgage loan documentation; provides underwriting with complete and accurate loan applications; communication with customers and partners during various stages of the loan process; scheduling and completing mortgage loan closing.
  • Identify cross-selling opportunities of deposit, investment or other loan products.
  • Expedite the processing of various loan documents and ensure compliance with policies, procedures and guidelines. Works closely with team members to ensure timely follow-up on all new leads generated by referrals and marketing programs.
  • Resolve concerns and answered questions for parties involved with each transaction to ensure successful.
  • Ensure exceptional client experience by overseeing loan process from origination to closing. This requires working closely with all parties.
  • Facilitates borrower and real estate agent/builder satisfaction by providing exceptional customer service and communication throughout the loan process. This requires providing education, advice, and progress reports, answering questions and resolving challenges.
  • Protect bank's image by keeping mortgage loan information confidential.
  • Update job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks, participating in professional organizations.
  • Develop fee income from existing and prospective customers.

Requirements
Where you'll shine:
  • Bachelor's degree or equivalent education
  • Minimum of 3 years' experience as a producing mortgage loan officer
  • Excellent oral and written communication skills
  • Ability to analyze personal financial statements and tax returns
  • Strong working knowledge of Microsoft Office Outlook, Word and Excel
  • Ability to adapt to loan operating system and/or financial software
  • Exceptional customer service skills
  • Decision making skills
  • Strong verbal and written communication skills
  • Banking and lending legal knowledge
  • Sales skills
  • Detail and thoroughness in attention to documentation

Where we shine:
  • Offering a full suite of benefits including medical, life, dental, and vision insurance plus generous paid time off, as well as 11 paid Bank Holidays.
  • Supporting associates and their families; we embrace the importance of caring for oneself and our families.
  • Surrounding ourselves with smart, driven, and diverse individuals.
  • Valuing integrity, commitment in regard to our daily duties, and the Bank as a whole.
  • Supporting local philanthropic, cultural, and artistic initiatives and organizations that our employees value.
  • Devoted to the communities in which we serve as we help those who form the creative backbone of our market's future economy and business value.
  • Bank of Clarke is "Great Place to Work" Certified as of June 2023 through June 2024.
  • "Top Virginia Employer for Interns" award recipient (2023,2024,2025) through Virginia Talent and Opportunity Partnership (V-TOP).

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed under the knowledge/skills section are representative of the knowledge, skill set, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
EEO M/F/V/D
Salary Description
$30,000-50,000 base plus commission

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