Find Jobs
Find Jobs Near You – Available Work in Your Location
Skip to job details
A
AppleOne
Commercial Insurance Specialist
Career Insights for Loan Underwriter
See where this job fits in the broader career landscape. Knowing your career path helps you see what's possible from here.
Scorecard
Based on Virginia data
Review key factors to help you decide if this role fits your goals. How is this calculated?
What they do
A Loan Underwriter determines if the risk of offering a mortgage or loan to a particular borrower under certain parameters is acceptable to the lending organization.
$99,280 / year median in Virginia
-9% projected decline
Job Description
Job Summary
Pay Rate :
$39.84 per hour.Job Type :
Temp-to-Hire.Assignment Length :
18 months.Location :
McLean, VA 22102.Work Arrangement:
Hybrid schedule with 4 days onsite and 1 day remote per week. This role supports a commercial loan insurance compliance within a Fortune 500 banking company, with a focus on insurance policy review, renewal tracking, investor guideline compliance, and servicing support. Key Responsibilities- Review insurance certificates, policies, statements of values, invoices, and related documentation for compliance with investor guidelines and loan requirements.
- Track insurance renewals and obtain invoices, paid receipts, and evidence of insurance within required timelines.
- Review loan documents, appraisals, engineering reports, seismic reports, and Phase I environmental reports to determine loan-specific insurance requirements.
- Serve as a key point of contact for insurance questions, coverage requirements, exceptions, and investor guideline interpretation.
- Process insurance waivers and exceptions with appropriate supporting documentation for non-compliant insurance matters.
- Maintain accurate insurance data in servicing systems and support lender reporting and servicing insurance teams as needed.
- See the job qualifications below. Required Qualifications and Skills
- 3 to 5 years of relevant experience in insurance compliance, commercial insurance, insurance risk, loan servicing, or a related financial services environment.
- Experience reviewing commercial insurance coverage, policy documents, certificates of insurance, invoices, and evidence of insurance.
- Understanding of investor insurance guidelines, loan documents, and insurance compliance requirements.
- Ability to interpret loan-specific insurance requirements using appraisals, engineering reports, environmental reports, and related documentation.
- Strong attention to detail, documentation accuracy, follow-up skills, and deadline management.
- Professional communication skills with the ability to serve as a point of contact for insurance questions and requirements. Preferred Qualifications
- Experience supporting commercial mortgage servicing, banking, consumer lending, or commercial real estate loan portfolios.
- Familiarity with GSE or investor insurance guideline compliance.
- Experience using enterprise servicing systems, Salesforce, or similar workflow and data management platforms.
- Knowledge of casualty insurance provisions and the insurance claim process.