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Underwriting Program Jobs in Washington (NOW HIRING)

VP Underwriting

Mclean, VA · On-site

$19.75 - $27/hr

This is an excellent opportunity to be thoroughly educated about the underwriting of multifamily mortgages, to have extensive contact with our clients, and to train under the premier programs (Fannie ...

VP Underwriting

Mclean, VA · On-site

$19.75 - $27/hr

This is an excellent opportunity to be thoroughly educated about the underwriting of multifamily mortgages, to have extensive contact with our clients, and to train under the premier programs (Fannie ...

... and Program Management, the Government and Political Affairs Group, Regulatory Relations, and ... The Underwriting, Portfolio & Loan Management (UWPLM) team is an integral part of Community Finance ...

... and Program Management, the Government and Political Affairs Group, Regulatory Relations, and ... The Underwriting, Portfolio & Loan Management (UWPLM) team is an integral part of Community Finance ...

Senior Underwriting Consultant

Washington, DC · Remote

$111K - $131K/yr

The Senior Underwriting Consultant is responsible for evaluating applications of the highest ... Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days ...

Captives Underwriter

Alexandria, VA · Hybrid

$124K - $199K/yr

You will have responsibility for underwriting workers compensation, general liability and commercial auto for Captive programs. The Captives Underwriter's major purpose is to profitably grow their ...

Underwriter

Bethesda, MD · Hybrid

$80K - $90K/yr

... resource of underwriting expertise to support our other TVC departments, particularly Sales, Processing, and Valuations teamsDevelop a strong working knowledge of all TVC loan programs and ...

Underwriter

Bethesda, MD · Hybrid

$80K - $90K/yr

... resource of underwriting expertise to support our other TVC departments, particularly Sales, Processing, and Valuations teams Develop a strong working knowledge of all TVC loan programs and ...

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Underwriting Program information

What are some common challenges faced by professionals working in an underwriting program, and how can they be addressed?

Professionals in underwriting programs often encounter challenges such as balancing risk assessment with business growth goals, managing tight deadlines, and adapting to evolving regulatory requirements. Staying updated with industry guidelines, leveraging advanced data analytics tools, and cultivating strong communication skills are essential strategies for overcoming these hurdles. Additionally, collaborating closely with sales, legal, and claims teams helps underwriters make well-informed decisions and maintain consistency across the organization.

What is an underwriting program?

An underwriting program is a structured process used by financial institutions, insurance companies, or lenders to evaluate the risk and eligibility of applicants for loans, insurance policies, or other financial products. The program sets the guidelines and criteria for assessing factors such as creditworthiness, health, or property value before approving or denying an application. By standardizing this evaluation, underwriting programs help organizations make informed decisions, minimize risk, and ensure compliance with regulations.

What is the difference between Underwriting Program vs Underwriter?

AspectUnderwriting ProgramUnderwriter
CredentialsTypically requires insurance or finance certifications, such as CPCU or FCASSame certifications often required, with additional experience in risk assessment
Work EnvironmentFocuses on developing, managing, and implementing underwriting policies and programsPerforms risk evaluation, decision-making, and approval of individual insurance applications
Employer & Industry UsageCommonly employed by insurance companies, brokers, and underwriting firmsFound within insurance companies, underwriting agencies, and brokers

In summary, an Underwriting Program focuses on creating and managing underwriting strategies and policies, while an Underwriter evaluates individual risks and approves insurance applications. Both roles require similar credentials and work within the insurance industry, but their responsibilities differ in scope and focus.

What are the key skills and qualifications needed to thrive in an Underwriting Program, and why are they important?

To excel in an Underwriting Program, strong analytical skills, attention to detail, and a relevant degree in finance, business, or a related field are essential. Familiarity with underwriting software, risk assessment tools, and industry certifications such as CPCU or AU are typically required. Effective communication, critical thinking, and decision-making skills help underwriters collaborate with stakeholders and evaluate complex information. These abilities ensure accurate risk evaluation, regulatory compliance, and profitable decision-making for financial institutions.
VP Underwriting

VP Underwriting

NEWMARK

Mclean, VA • On-site

$19.75 - $27/hr

Full-time

Posted 28 days ago


Newmark rating

9.4

Company rating: 9.4 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

1st of 153 rated real estate companies


Job description

Newmark is in search of Underwriters with 3-5 years of commercial underwriting experience. The Underwriter's primary responsibilities will be to provide day-to-day financial, market, and underwriting analysis of multifamily loans. This is an excellent opportunity to be thoroughly educated about the underwriting of multifamily mortgages, to have extensive contact with our clients, and to train under the premier programs (Fannie Mae and Freddie Mac). This position affords the opportunity to work closely with our Senior Credit team and Originators on the structuring and underwriting of transactions.

The position requires prior DUS underwriting experience with extensive familiarity of Fannie Mae and Freddie Mac Multifamily Guides.

Qualifications:

  • Bachelor's degree in accounting, Finance, Economics, Real Estate, or other related fields.
  • 3-5 years commercial underwriting experience
  • Prior DUS underwriting experience with extensive familiarity of Fannie Mae and Freddie Mac Multifamily Guides 
  • Able to travel a minimum of 10-20%  law.

WORKING CONDITIONS: Normal working conditions with the absence of disagreeable elements.

NOTE: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

Newmark is an Equal Opportunity/Affirmative Action employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.

Essential Duties and Responsibilities:

  •  Analyze, interpret, and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines (Fannie Mae and Freddie Mac) 
  • Conduct detailed economic and demographic research to determine feasibility of transactions 
  • Prepare and present comprehensive loan approval package to credit committee 
  • Develop and maintain strong relationships with origination and closing departments and external agency investors 
  • Conduct comprehensive inspections of physical real-estate assets on an as-needed basis 

Core Competencies: 

  • Highly developed analytical, research and written/oral presentation skills 
  • Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy 
  • Demonstrated ability to organize & prioritize projects, complete multiple tasks on schedule 
  • Ability to work productively under minimal supervision 
  • Proficiency in Microsoft Office, especially in EXCEL and Word 
  • Strong work ethic 
  • Proactive team player, able to work effectively under sometimes stressful conditions.