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Mortgage Underwriter Job Description

How to Hire a Mortgage Underwriter

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Mortgage Underwriter Job Description

We are recruiting for an experienced Mortgage Underwriter to evaluate and determine the eligibility of loan applications. The Mortgage Underwriter’s responsibilities include analysing and verifying loan applications, evaluating risks, and making loan eligibility decisions.

To succeed as a Mortgage Underwriter should be able to exercise sound judgement based on detailed analysis and ensure that all documentation is in compliance with the relevant regulations.

Mortgage Underwriter Duties and Responsibilities

  • Experience in loan underwriting.
  • Highly organised and able to prioritise.
  • 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.
  • Degree in business, banking, finance, or a related field.

Mortgage Underwriter Skills and Requirements

  • Authorise and underwrite loans.
  • Review and verify loan applications and supporting documentation.
  • Analyse loan risk and request additional information as necessary.
  • Prepare reports on assessment findings.
  • Make loan eligibility decisions and approving or rejecting applications.
  • Review and specify loan conditions as necessary.
  • Ensure compliance with regulatory standards.
  • Ensure compliance with company policies and guidelines.
  • Document and effectively communicating reasons for the approval/rejection of loans.
  • Return applications with additional documentation to the loan officer for review.
  • Experience in loan underwriting.
  • Highly organised and able to prioritise.
  • 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.
  • Degree in business, banking, finance, or a related field.

Personalising Your Mortgage Underwriter Job Description Advise

The hiring process and recruiting new employees to fill your key roles requires a degree of personalisation if you are to attract the best employees in a competitive employment market. The right person for a crucial role or more senior roles will likely have other employers targeting them. As your job description will be the first point of contact, you need to nail your pitch and provide the best possible service.

When creating your bespoke description and advert, you should cover and promote these points:

Job title: This should accurately reflect the role and include keywords that top talent might be using to search for jobs.

Job duties: The day to day duties, such as administrative tasks, which vary depending on the company and inform the candidate if they can complete the role.

Technical skills: These are the hard skills required through training, such as proficiency with Microsoft Office.

Soft skills: These include the interpersonal skills and general abilities the right candidates will possess. For example, the competency to prioritise multiple tasks, handle customer queries and customer complaints, work alone, or build a good relationship with coworkers.

The company’s culture: Highlighting your company culture and values ensures employees thrive and find outstanding job satisfaction. Candidates that are not the right fit won’t waste their time completing the application process, meaning you can focus on qualified individuals and hire in a more timely manner.

Career progression: Including the career path will entice candidates looking for career growth. 

Training and development programs: Smaller companies may need employees with previous experience or provide educational assistance over internal training offered by larger organisations with more significant resources. 

Employee benefits: Compensation and benefits often fail to appear in job ads and while you may want to hold your cards close to your chest, failing to include them is a mistake. Consider answering common questions, such as working hours and paid leave. Researching the average salary for the role in these early stages will ensure you don’t waste your interviewer’s and the candidate’s time.

Skill gaps: Your company may need to bring in new skills beyond those required to complete the key role and duties. Thinking on an organisational level can be beneficial when contemplating skills diversity.

Legal requirements: Ensure your job advert and description does not ask for inappropriate or discriminatory personal details, such as age, marital status, or religion.


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