A mortgage underwriter is responsible to approve or deny the loan application by investigating all the documents and credit status of the applicants. The underwriting process includes evaluating and verifying the loan application and determining whether the person can repay the mortgage loan or not.

Mortgage Underwriter Job Description

The job description of the Mortgage Underwriter tells about several tasks which include the evaluation of the loan applications and determining whether the person is eligible to get the loan or not. The candidate should be able to analyze and verify the loan applications, evaluate the risk and then take the decision of applying or denying the loan application. The person in this job profile should have a strong knowledge of predicting any risk or any other problem that may occur after approving the loan.

Roles and responsibilities

• The candidate should be able to evaluate the loan application and verify all the information and decide for approval or rejection.
• Check all the documents and needed things are under the loan criteria guidelines.
• A person can work according to the legal policies, rules, and regulations made for a mortgage loan.
• The candidate should be able to answer the questions and clear out all the queries of the clients.
• Able to analyze the loan risk and the credit status of the loan applicants.
• Provide training and guidance to the new underwriters and other staff members.
• Keep updated on the loan applicants’ records and other major information.
• Assist with the needs and requirements of the closers, document drawers, Production Coordinators, and funders.
• Keep updated with the changing policies and other terms and conditions related to the loan.
• Sending the documents for the loan applications to the loan officer for review.

Mortgage Underwriter Key skills required

• Good communication and intrapersonal skills.
• Good mathematical aptitude.
• Able to work in MS office and other related software.
• The candidate should have strong data analysis skills.

 Education, training, and Certifications

• Bachelor’s Degree in finance, banking, business, or another relevant field.
• Experience of work in loan underwriting.