Mortgage Underwriting Jobs: A Good Opportunity for All
Mortgage underwriting is a process that is used by lenders to determine if the risk of providing a mortgage loan to a certain borrower is acceptable. The risk could be anything from defaulting to being unable to pay on time. As a mortgage underwriter, you need to consider risks and terms based on the three Cs: credit, collateral, and capacity. Lenders and banks create guidelines and computer models to help mortgage underwriters make a fair assessment and analysis of various aspects of the mortgage. These tools can provide recommendations based on the risks that are involved. However, the final decision on whether to decline or approve the loan will be up to this underwriter.
Mortgage underwriting can be a rewarding job. To get the best results, make sure that you are employed by a competitive lender and that you can receive the proper training and skills to become a trustworthy and reliable professional.
You can find mortgage underwriting jobs online. Some of them are jobs that allow you to work from home. Just be sure to search for a job in a reputable and trustworthy job listing site that specializes in providing work at home jobs. Look for a job listing site that has been helping individuals like yourself find the best work at home opportunities for more than ten years. The job listing site should be able to provide direct and personal assistance and the right tools to help you become a mortgage underwriter.
Underwriters work behind the scenes. Most of the time, you do not have to worry about facing clients or people who are applying for a mortgage. However, you might need to correspond frequently with the bank or the lender that is offering the loan. Your job will be as a loan officer, so you need to gather information, make recommendations regarding applications for mortgage loans, and evaluate the financial situations of the applicants.
You usually need a high school diploma to qualify to become an underwriter, but the 2008 Secure and Fair Enforcement for Mortgage Licensing Act recommends completing at least 20 hours of education. This way, you can easily get a license. Securing a license is important to prove your credibility. You do not need prior experience in banking and loaning, but you need to have good decision making skills, a good knowledge of law, economics, accounting, and the government, critical thinking skills, and excellent mathematical skills. It helps to have computer skills, too, for efficient data management, financial analysis, and to use advanced accounting programs.
About the Author
S. Marie Surles is the President and Owner of HEA Employment. She started Hea-employment.com in 1997 to help people find legitimate work at home jobs and start successful home businesses. Thousands of job seekers and employers have been helped directly and indirectly by the services and products provided on HEA-Employment.com since the company was founded.
|share||like 1||report||34 views|