Retail Banking Careers

Retail Banking Careers

Mortgage Underwriter


$22-28/hr ($47-60k/yr)

View this job in:  Retail & Personal

Do you like figuring out the odds of sports championships? Are you detail oriented? You might be a great Mortgage Underwriter.

In this job you’ll judge the risk of a mortgage application from the financial institution’s perspective. Your main duties will be to evaluate mortgage applications, determine total mortgage amount, and create risk analysis reports. When you get a new loan application, you’ll look at the total household income, down payment amount, and purchase price of the property. All of these things will help you to decide how much money your company will loan to the potential customer. And you’ll create risk analysis reports to continually evaluate the risks to your company.  

To get this job, you’ll need a high school diploma or equivalent and several years experience working with loans and financial transactions. A Bachelor’s degree will help your application stand out.

Key Responsibilities

  • Ability to perform quality work while maintaining productivity and compliance standards
  • Use negotiation and communication skills with teammates, sales partners and customers
  • Maintain knowledge of government guidelines and federal lending regulations
  • Assess an individual's creditworthiness while following regulatory and compliance requirements
  • Make credit recommendations based on company-defined acceptable levels of risk
  • Work in a fast-paced environment while practicing sound lending judgment.
  • Maintain strong attention to detail

Next steps for this job

Nearby training and education providers

There are number of institutions in the New York area that offer programs specializing in Financial Service.

Learn more about New York trainers and educators.

Ready to see who is hiring?

New York City and the surrounding areas are the worldwide hub for Financial Services.

See some of the primary companies in and around New York.

Need help getting a job?

If you need to ask some questions or get some help figuring out how to pursue, a handful of community based organizations are here to help.

Find a nearby advising organization.