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Underwriting Assistant Jobs in Silver Spring, MD

Greystone

Senior Underwriting Analyst

Rockville, MD · On-site

We are currently recruiting for a Senior Underwriting Analyst to join our FHA Healthcare platform. Primary Responsibilities and duties: * Input property financial information into Excel financial ...

Potomac Bank

Portfolio Administrator

Ashburn, VA · On-site

Act as a liaison between Commercial Loan officers and the Credit Department to expedite underwriting. * Assist Commercial Loan officers with applications, HMDA, Beneficial Ownership, and CIP forms.

POTOMAC BANK INC

Portfolio Administrator

Ashburn, VA · On-site

Act as a liaison between Commercial Loan officers and the Credit Department to expedite underwriting. * Assist Commercial Loan officers with applications, HMDA, Beneficial Ownership, and CIP forms.

Cna

Small Business Territory Manager

Washington, DC · Remote

... A Strong connectivity between agencies and underwriting, resulting in fewer stalled deals, faster issue resolution, and improved partner experience Execution of effective territory and agency ...

Cna

Small Business Territory Manager

Timonium, MD · Remote

... A Strong connectivity between agencies and underwriting, resulting in fewer stalled deals, faster issue resolution, and improved partner experience Execution of effective territory and agency ...

CNA

Small Business Territory Manager

Timonium, MD · On-site

... CNA • Strong connectivity between agencies and underwriting, resulting in fewer stalled deals, faster issue resolution, and improved partner experience • Execution of effective territory and ...

Berkley

Senior Production Underwriter

Washington, DC · On-site

$111K - $131K/yr

We are a team of seasoned underwriting and claim professionals, well versed in the nuances of our ... to assist our customers in managing risk. At Berkley Luxury Group, we have a shared vision to be ...

Berkley

Senior Production Underwriter

Washington, DC · Remote

$111K - $131K/yr

We are a team of seasoned underwriting and claim professionals, well versed in the nuances of our ... to assist our customers in managing risk. At Berkley Luxury Group, we have a shared vision to be ...

Berkley

Senior Production Underwriter

Washington, DC · Remote

$100K - $150K/yr

We are a team of seasoned underwriting and claim professionals, well versed in the nuances of our ... to assist our customers in managing risk. At Berkley Luxury Group, we have a shared vision to be ...

Berkley

Senior Production Underwriter

Washington, DC · Remote

$111K - $131K/yr

We are a team of seasoned underwriting and claim professionals, well versed in the nuances of our ... to assist our customers in managing risk. At Berkley Luxury Group, we have a shared vision to be ...

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All JobsUnderwriting JobsUnderwriting Assistant JobsUnderwriting Assistant Jobs in Silver Spring, MD

Underwriting Assistant information

See Silver Spring, MD salary details

$13

$23

$34

How much do underwriting assistant jobs pay per hour?

As of Aug 10, 2026, the average hourly pay for underwriting assistant in Silver Spring, MD is $23.52, according to ZipRecruiter salary data. Most workers in this role earn between $19.38 and $26.59 per hour, depending on experience, location, and employer.

What is an underwriting assistant?

An underwriting assistant, or underwriting service assistant, helps a lead underwriter to process applications for mortgages, credit, or insurance. Whether you work in the banking or insurance industry, your primary responsibility is to support your company’s underwriters. This includes obtaining relevant documents and client information so that the underwriter can assess their eligibility, and maintaining accurate records on all applicants and approval processes. Since you often work directly under a single underwriter, specific duties vary depending on your supervisors working style. You need an associate degree in finance or economics for a career as an underwriting assistant, but most employers prefer candidates to hold a bachelor’s degree. Organizational and administrative skills are crucial for this field.

Is underwriting a difficult job?

Underwriting is a detail-oriented role that involves assessing risks and making decisions based on financial and personal information. It requires strong analytical skills, attention to detail, and knowledge of industry guidelines, which can make it challenging for some individuals. The job often involves working with specialized software and adhering to strict deadlines.

How much do underwriting assistants earn?

Underwriting assistants typically earn a median annual salary of around $45,000 to $55,000, depending on experience, location, and employer. Entry-level positions may start lower, while experienced assistants with specialized skills or certifications can earn higher wages. Salaries often include benefits such as health insurance and retirement plans.

What are some typical challenges an underwriting assistant might face when supporting multiple underwriters, and how can they manage these effectively?

Underwriting Assistants often juggle supporting several underwriters simultaneously, which can present challenges in prioritizing tasks and managing tight deadlines. Effective communication and strong organizational skills are essential to stay on top of document processing, application reviews, and data entry. Leveraging technology, such as workflow management systems, and proactively clarifying priorities with underwriters can help maintain accuracy and efficiency. Building a collaborative relationship with both underwriters and other support staff also ensures smoother workflow and reduces bottlenecks.

How much do beginner underwriting assistants make?

Beginner underwriting assistants typically earn between $40,000 and $55,000 annually, depending on location, company size, and prior experience. Entry-level roles often require basic knowledge of insurance policies and proficiency with underwriting software.

What is the difference between Underwriting Assistant vs Insurance Underwriter?

AspectUnderwriting AssistantInsurance Underwriter
CredentialsHigh school diploma or equivalent; some roles may require insurance licenses or certificationsBachelor's degree in finance, business, or related field; professional certifications like CPCU are common
Work EnvironmentOffice setting, supporting underwriting teams, handling administrative tasksOffice environment, analyzing risk, making coverage decisions
Job ResponsibilitiesData entry, document review, assisting underwriters, preparing reportsAssessing risk, approving or denying insurance applications, setting premiums

While both roles are integral to the insurance industry, an Underwriting Assistant primarily provides administrative and support functions, whereas an Insurance Underwriter makes critical risk assessments and coverage decisions. The Underwriting Assistant supports the underwriting process, enabling underwriters to focus on evaluating risks and setting policies.

Is an underwriting assistant a good job?

An underwriting assistant plays a key role in supporting underwriters by reviewing applications, gathering documentation, and assessing risk. The position often requires strong attention to detail, communication skills, and familiarity with insurance policies or financial data. It can be a good entry-level role for those interested in insurance or finance careers, with opportunities for advancement and skill development.

What are the key skills and qualifications needed to thrive as an underwriting assistant, and why are they important?

To thrive as an Underwriting Assistant, you need strong organizational abilities, attention to detail, and a foundational understanding of insurance principles, usually supported by a high school diploma or some college coursework. Familiarity with underwriting software, document management systems, and proficiency in Microsoft Office are commonly required. Excellent communication, multitasking, and teamwork skills help you effectively support underwriters and coordinate with clients or brokers. These capabilities are vital for ensuring accurate, efficient processing of insurance applications and contributing to the overall success of the underwriting team.
More about Underwriting Assistant jobs
What are the most commonly searched types of Underwriting jobs in Silver Spring, MD? The most popular types of Underwriting jobs in Silver Spring, MD are:
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What job categories do people searching Underwriting Assistant jobs in Silver Spring, MD look for? The top searched job categories for Underwriting Assistant jobs in Silver Spring, MD are:
What cities near Silver Spring, MD are hiring for Underwriting Assistant jobs? Cities near Silver Spring, MD with the most Underwriting Assistant job openings:
Underwriting Assistant jobs near you
Infographic showing various Underwriting Assistant job openings in Silver Spring, MD as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 22% Part Time, 1% Temporary, and 3% Contract. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $48,922 per year, or $23.5 per hour.

Senior Underwriting Analyst

Greystone

Rockville, MD • On-site

Full-time

Posted 9 days ago

Job description

Greystone is a private national commercial real estate finance company with an established reputation as a leader in multifamily and healthcare finance, with $13 billion in loan originations in 2025. The firm consistently ranks in the Top 10 for Fannie Mae & Freddie Mac by multifamily loan volume and is the #1* Overall HUD Multifamily and Healthcare Lender in the country. Greystone also ranks nationally as a top affordable housing, seniors housing, and small balance loan lender. At Greystone, charity is at the heart of who we are and what we do.

At Greystone, everything we do is driven by our purpose of improving others' lives. As we work hard to maintain our ranking as a top national commercial real estate lender, our culture of caring and support is just as important. We don't just say "Where People Matter" - we lead with this mantra every day to guide our actions and behaviors. Greystone is committed to fostering and preserving a culture of inclusion. Belonging is at the heart of our culture of caring, integrity and excellence and is a driving force behind our entrepreneurial spirit and creativity.

We are currently recruiting for a Senior Underwriting Analyst to join our FHA Healthcare platform.

Primary Responsibilities and duties:

  • Input property financial information into Excel financial models.

  • Engage 3rdparty reports (appraisal, Phase I, PCNA, Seismic, etc) for Underwriting

  • Initial review of 3rdparty draft reports (appraisal, Phase I, PCNA, Seismic, etc) for key checkpoints.

  • Prepare due diligence checklist to provide to clients, including weekly follow-ups with clients on checklist status.

  • Receive and organize information from clients; verifying the accuracy and completeness of the documentation received.

  • Recognize issues and work with the team to find solutions to deal with obstacles.

  • Track the timing and stages of each transaction.

  • Regular communication with internal and external clients related to the current loan pipeline.

  • Interact effectively with management assistance with the Investor, borrowers, attorneys, and other third parties as applicable.

  • Ability to work independently on projects and also collaborate as a team player.

  • Handle other duties as needed and assigned.

Experience, Skills, and Abilities Required:

  • Bachelor's degree from an accredited college or university required or applicable job experience.

  • 3 Years prior Underwriting experience

  • Knowledge of MS Office with advanced Excel skills required.

  • Detail-oriented with strong organizational/project-management skills.

  • Excellent verbal and written communication skills.

  • Strong time management skills and a respect for deadlines.

  • Driven, innovative team player who is focused on results and strives to deliver a superior work product.

At Greystone, we believe that finding creative solutions for our clients comes from the collaboration of people with diverse backgrounds and perspectives. We strive to build a work environment that empowers all individuals with opportunities to channel their entrepreneurial spirit. Greystone is an EEO employer.

*For HUD's 2025 fiscal year ending September 30, 2025. Based upon combined firm commitments received by Greystone Funding Company LLC and Greystone Servicing company LLC and excludes risk sharing and hospital loans."

RECRUITMENT SPAM:

Greystone posts open roles only on our official Careers page at Greystone.com and on our Greystone LinkedIn page. We communicate with candidates exclusively through @greyco.com email addresses and our verified LinkedIn company page.

We will never request payment, fees, gift cards, or sensitive personal or financial information outside of a formal hiring and onboarding process, and we do not conduct interviews solely via text message or messaging apps.

If you are contacted by someone claiming to represent Greystone and suspect the communication may be fraudulent, please do not respond.

Instead, report the incident through the "Contact Us" form on Greystone.com and notify the platform where the contact occurred.

Greystone does not authorize or endorse communications from individuals falsely representing our organization.

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