Mortgage Underwriter Job Description; Analyzing Loan Applications

A mortgage underwriter becomes the one who evaluates and determines whether or not the loan applications are accepted. The mortgage underwriter job descriptions must also include evaluating loan risks, denying mortgage loans, verifying loan applications, reviewing loan conditions, etc. A mortgage underwriter must do his works accurately and properly so he needs the mortgage underwriter job description template to guide him.

Mortgage Underwriter Job Description Information

We are looking for a mortgage underwriter who is capable to do all mortgage underwriter job description tasks well. The candidate must be professional and attentive to details. It is a must for a mortgage underwriter to be able to check the loan eligibility towards loan applicants based on documentation.

Mortgage Underwriter Responsibilities

Working as a mortgage underwriter, you must take the responsibilities to do your tasks related to your mortgage underwriter job description. What are they? Let’s check it out below!

  • Authorize and underwrite mortgage loans
  • Return loan applications to the loan officer to review
  • Review and verify loan applications
  • Support additional documentations
  • Record, document, and communicate reasons for the loan approval or rejection effectively
  • Analyze the loan risk and request additional information as necessary
  • Follow and obey the company policies, regulations, standards, and guidelines
  • Prepare for assessment finding reports
  • Make loan eligibility considerations
  • Approve or reject loan applications
  • Review and specify loan conditions

Mortgage Underwriter Job Qualifications

If you would like to apply as a mortgage underwriter in our loan company, you must meet the mortgage underwriter job description qualifications. They are:

  • Bachelor’s degree in banking, finance, or business qualification
  • Have experienced as a mortgage underwriter before (preferred)
  • Excellent knowledge and understanding of mortgage loan processing and legal standards or regulations
  • Strongly attention in details
  • Strong mathematical aptitude and data analysis skills
  • Excellent interpersonal and organization skills
  • Great verbal and written communication skills
  • Enable to operate computers as well as a fully automated underwriting system


Mortgage Underwriter FAQ

What is a Mortgage Underwriter?

A mortgage underwriter must be the one with great knowledge and experience in mortgage loan processing. He also reviews, accepts, or denies loan requests or applications. He evaluates loan risks as well as makes loan eligibility consideration with his strong analytical skills. Most of the mortgage underwriters are strong in mathematics.


What Should You Include in A Mortgage Underwriter Job Vacancy?

If you are going to post a mortgage underwriter job vacancy, you should mention all the necessary skills, requirements, standards, and qualifications. Make sure the applicants are proficient with operating computers and automated underwriting systems. Let you mention the loan underwriting experience as well to make sure they are already professional and know what to do. Verbal and written communication should also be included.


Do You Need to Interview Applicants for A Mortgage Underwriter?

A mortgage underwriter must also take a role in the loan company’s success. Therefore, it is important to interview the mortgage underwriter applicants. Ask some questions related to the loan underwriting regulation and process. Well, you might also conduct mathematical tests or ask them to operate computers.


That’s all about the mortgage underwriter job; hopefully, it will be useful for those who want to post mortgage underwriter job vacancy.






Scroll to Top