Underwriter, Mortgage Loan
Overall rating: (N/A)
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Approves or denies mortgage loans, following mortgage
standards: Reviews and evaluaets 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, whree existing mortgages are
bought and sold by investors.
Approves or rejects loan
application, or requests additional infromation.
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 retruns file to originating mortgage loan office.
May be authorized by federal agency to certify that mortgage
loan applicant and real estate qualify for mortgage insurance
endorsement from federal government and be designated
Underwriter, Direct Endorsement (financial).
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Underwriter, Mortgage Loan
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