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Mortgage Risk Manager Jobs in Virginia (NOW HIRING)

M&T Bank

Mortgage Originator

Manassas, VA · On-site

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

Mtb

Mortgage Originator

Manassas, VA · On-site

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

M&T Bank

Mortgage Originator

Manassas, VA

... will be an acceptable risk; obtains and analyzes pertinent financial and credit data ... Advises management on effective compliance strategies and potential modifications to corporate ...

Citi

Mortgage Home Lending Officer

Reston, VA · On-site

... wealth management. Citi Bank Retail Mortgage provides home lending services via our Citibank ... risk and change, plans for the future, income, assets, debts, cash flow, and credit history.

Citi

Mortgage Home Lending Officer

Mclean, VA · On-site

... wealth management. Citi Bank Retail Mortgage provides home lending services via our Citibank ... risk and change, plans for the future, income, assets, debts, cash flow, and credit history.

Citi

Mortgage Home Lending Officer

Vienna, VA · On-site

... wealth management. Citi Bank Retail Mortgage provides home lending services via our Citibank ... risk and change, plans for the future, income, assets, debts, cash flow, and credit history.

Citi

Mortgage Home Lending Officer

Centreville, VA · On-site

... wealth management. Citi Bank Retail Mortgage provides home lending services via our Citibank ... risk and change, plans for the future, income, assets, debts, cash flow, and credit history.

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 · On-site

$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 ...

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Mortgage Risk Manager information

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 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 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 Originator

M&T Bank

Manassas, VA • On-site

Full-time

Re-posted 12 days ago

M&T Bank rating

7.8

Company rating: 7.8 out of 10

Based on 187 frontline employees who took The Breakroom Quiz

79th of 174 rated banks

Job description

Overview:
Primarily responsible for working with customers interested in identifying and obtaining permanent FHA/VA and conventional mortgage loans and other residential mortgage programs that best meet the customer's financial needs and objectives, and adhering to the requirements of federal registration under the SAFE Act.
Primary Responsibilities:
  • Interviews applicants to collect and analyze information regarding their income, assets, debts and credit data as well as their needs, desires, and earnings to assist in determining whether the loan will be an acceptable risk; obtains and analyzes pertinent financial and credit data.
  • Independently assesses applicant's credit worthiness. Has authority to issue pre-qualification statement of borrowers' eligibility.
  • Determines which products best meet the customer's needs and financial circumstances and advises potential borrowers regarding the advantages and disadvantages of different financial products and the most appropriate mortgage loan programs.
  • Makes recommendations to customers regarding other bank products or to alternative lending vehicles, as needed.
  • Cultivates new mortgage business. Markets, services and promotes the bank's mortgage products. This includes the solicitation of residential first mortgages through contacts with Realtors, builders, and developers.
  • May be required to travel to and work at prospective customers' homes or business locations. Follows-up on potential customers via travel or telephone.
  • Negotiates terms and conditions of loan with mortgagors. Has authority to bind the bank in connection therewith.
  • Ensures lending compliance with all origination procedures including bank policies and procedures and regulatory requirements.
  • Advises management on effective compliance strategies and potential modifications to corporate operating policies where appropriate to ensure ongoing regulatory compliance.
  • Independently monitors trends and developments in the local real estate market, as well as the changing rules and regulations pertaining to both private and government-insured mortgages.
  • Represents the bank in the community and related functions to identify, develop and promote additional business. May present seminars to general public and real estate agents to promote additional business and community outreach.

Scope of Responsibilities:
The incumbent always works under limited supervision, sometimes away from the office.
The position requires extensive external contacts (potential and existing customers, Realtors, etc.), as well as internal contacts (other Bank personnel) primarily on sales calls outside the office.
Will interact with individuals and teams internally and within the community assigned, developing new relationships and maintaining existing relationships
Responsibility to establish and maintain federal registration requirements outlined in the SAFE Act.
Education and Experience Required:
Associates degree and 2 years sales experience,
OR in lieu of a degree,
A combined minimum of 4 years higher education and/or relevant work experience, including a minimum of 2 years sales experience.
Thorough knowledge of FHA/VA regulations, conventional loan requirements and real estate law.
Education and Experience Preferred:
Technical Skills
General knowledge of personal computers and software programs utilized by Residential Mortgage Department
Proven sales ability.
Strong mathematical skills.
Self-motivated, well-organized individual.
Excellent verbal and written communication skills.
Ability to interact with individuals at all income levels and peers in a professional manner.
Demonstrated ability to work independently and to follow through on details to completion.
Ability to work under critical time constraints.
M&T Bank is committed to fair, competitive, and market-informed pay for our employees. Compensation for this role is based on commission - a draw will be advanced. The successful candidate's particular combination of knowledge, skills, and experience will inform their specific compensation.
Location
Manassas, Virginia, United States of America

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