Mortgage Underwriter Job Description

mortgage underwriter job description includes a detailed overview of the key requirements, duties, responsibilities, and skills for this role.

Last update : July 14, 2023

Mortgage Underwriter Job Description

An underwriter is a person that performs the functions usually performed by an insurance agent.

They gather and process information, make business calls on prospective customers, and establish relationships with customers.

In addition, underwriters are in charge of reviewing and approving potential insurance policies.

Once applications have been received, the underwriter reviews them and determines which risks will be accepted by the carrier.

An underwriter may review the applicant’s credit history, driving history, and any prior insurance claims.

They may determine the price of premiums, and may accept or reject the insurance application.

Insurance covers damages due to theft, property damage, or bodily injury.

Job Brief:

We’re looking for a Mortgage Underwriter to join our team! We offer a competitive salary and benefits package, and are looking for a detail-oriented and experienced underwriter to help us with our growing business. If you are interested in joining our team, please send us your resume and cover letter today!

Mortgage Underwriter Duties:

  • Perform responsible underwriting, including income and asset verifications, for mortgage loan requests
  • Meet with borrowers to explain mortgage options, products, and fees
  • Evaluate borrowers’ creditworthiness to determine eligibility, affordability, and risk
  • Prepare mortgage documentation and review with borrowers

Mortgage Underwriter Responsibilities:

  • Prepare loan packages, with all required supporting documents, for submission to underwriters
  • Work with underwriters to obtain loan approvals according to guidelines, gather all supporting documents, and negotiate terms for comfortable closing
  • Establish and maintain a production schedule, ensuring loan closings are scheduled for smooth transition
  • Conduct all closing activities, including processing loan documents, obtaining title insurance, recording the deed, etc.
  • Conduct periodic client reviews, collect feedback, and report findings
  • Review and approve loan applications, and initiate mortgage applications

Requirements And Skills:

  • Strong knowledge of mortgage underwriting guidelines, procedures, and guidelines
  • Effective communication skills, both in written and spoken English
  • Effective organizational skills, and the ability to multi-task, prioritize, and manage time efficiently
  • Strong ability to understand and analyze complex data
  • Excellent written and oral communication skills

At [Company Name], we believe that diversity and inclusion are key to success. We are committed to building a team that reflects this belief, and we encourage applications from people of all backgrounds, religions, nationalities, genders, and ages.

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