Mortgage Loan Underwriter

Approve or deny mortgage loans.
picture of Mortgage Loan Underwriter

Quick Stats

Salary Range
$31,000 – $112,000

Data from U.S. Department of Labor

What do Mortgage Loan Underwriters do?

Approves or denies mortgage loans, following mortgage standards: Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet establishment and government standards. Evaluates acceptability of loan to corporations that buy real estate loans on secondary mortgage markets, where existing mortgages are bought and sold by investors. Approves or rejects loan application, or requests additional information. Records loan rejection specifying investor and institution guidelines and basis for declining application, such as insufficient cash reserves. Assembles documents in loan file, including acceptance or denial, and returns file to originating mortgage loan office. May be authorized by federal agency to certify that mortgage loan applicant and property qualify for mortgage insurance endorsement from federal government and be designated Underwriter, Direct Endorsement.

Should I be a Mortgage Loan Underwriter?

You should have a bachelor's degree or higher and share these traits:
  • Ready for a Challenge: You jump into new projects with initiative and drive.
  • Calm Under Pressure: You keep your cool when dealing with highly stressful situations.
  • Trustworthy: You are known for your personal integrity and honesty.

  • Also known as: Mortgage Loan Originator, Mortgage or Loan Underwriter, Underwriter, Mortgage Loan

    How to Become a
    Mortgage Loan Underwriter

    Mortgage Loan Underwriters often have a Bachelor's degree. Chart?chd=s:vxx9aa&chl=no+college+%2826%25%29|certificate+%2827%25%29|associate%27s+%2813%25%29|bachelor%27s+%2834%25%29||&cht=p3&chs=466x180&chxr=0,26,34
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