Underwriter

Role & responsibilities

• Risk Assessment:

  Mortgage underwriters analyze a borrower's credit history, income, assets, and debts to assess their ability to repay the loan.

• Loan Eligibility:

  They determine if the borrower meets the lender's criteria for loan approval, considering factors like loan-to-value ratios, debt-to-income ratios, and other financial metrics.

• Document Verification:

  Underwriters meticulously review loan applications and supporting documentation to ensure accuracy and compliance with lending guidelines and regulations.

• Decision Making:

  Based on their analysis, underwriters make informed decisions on whether to approve, deny, or request further information on a loan application.

• Compliance:

  They ensure all loan applications adhere to relevant lending laws and regulations.

• Communication:

  Underwriters communicate with loan officers, brokers, and other relevant parties regarding the status of loan applications and any required documentation.

• Risk Mitigation:

  They play a key role in minimizing the lender's financial risk by thoroughly evaluating each loan application.

Preferred candidate profile

• Degree in business, banking, finance, or a related field.
• Experience in loan underwriting.
• Highly organized and able to prioritize.
• Good communication skills, both verbal and written.
• Detail-oriented with strong data analysis skills.
• High mathematical aptitude.
• Good working knowledge of mortgage loan processing and relevant legal regulations.
• Proficiency in Microsoft Office and automated underwriting systems.