Page 13 - Women Pushing Dirt June 2021

If your company uses a particular underwriting software program, you will be trained on how to use
it. You will gain all the key entry-level experience to help you discharge your duties as a trainee or
in an assistant position effectively. Common financial institutions that hire mortgage underwriters
include; banks, mortgage broker firms, and credit unions.
Other necessary skills that you will also need to learn in order to excel in your mortgage underwriting
career include; networking, analytical skills, good decision making, and being a team player

Roles of a mortgage loan underwriter

The primary role of a mortgage loan underwriter is to examine the creditworthiness of a potential
homebuyer and determine whether they can manage to repay the mortgage or not. If the mortgage
underwriter is satisfied that the borrower is eligible for a mortgage loan after conducting the risk
analysis, the loan applications are then handed to the relevant loan processors to undertake the
necessary documentation.

A mortgage underwriter can also perform other related duties including;

• Gathering and verifying all the financial information from borrower’s applications

• Approving or denying loan applications

• Preparing suitable mortgages for residential or commercial properties

• Ensuring that all mortgage loans that are issued are in strict adherence to laws
and regulations

Once you start working as a mortgage loan underwriter, it’s always advisable to advance your skills
in various lending systems so that you can remain competitive and up-to-date with the current real
estate and financial markets.

Mortgage

Careers
Careers
Underwriter

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