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Junior underwriter skills for your resume and career

Updated January 8, 2025

3 min read

Quoted experts

Janet Ruiz,

Robert Hoyt, Ph.D.

Below we've compiled a list of the most critical junior underwriter skills. We ranked the top skills for junior underwriters based on the percentage of resumes they appeared on. For example, 15.8% of junior underwriter resumes contained loan programs as a skill. Continue reading to find out what skills a junior underwriter needs to be successful in the workplace.

15 junior underwriter skills for your resume and career

1. Loan Programs

Here's how junior underwriters use loan programs:

Reviewed accuracy on documents, payment calculation, rates and loan programs to determine the acceptability and marketability of the loan.
Job responsibilities: Analyze FHA, VA, conventional and government-insured loan programs for both conforming and nonconforming mortgages.

2. Income Documentation

Here's how junior underwriters use income documentation:

Assist with questions from other underwriters who encounter unique and complicated financial situations while analyzing income documentation.
Evaluated and investigated credit risk, income documentation and other compensating factors.

3. Credit Reports

Credit reports are statements that carry information about your credit affairs and current credit situation like loan payment history and credit accounts status. A credit report acts as history because it contains the record from the day you opened the account till your account balance. Potential lenders and creditors make use of credit reports and decide whether to offer you credit or not and under what conditions.

Here's how junior underwriters use credit reports:

Review credit reports and other loan documents including basic income documents in order to ensure borrowers meet eligibility for credit approval.
Calculated debt-to-income ratio and debt-to-housing ratio from credit report and supporting documentation to determine borrower's ability to repay loan.

4. FHA

The Federal Housing Administration (FHA) stands for a government agency in the United States that offers housing insurance to FHA-approved lenders who follow certain conditions.

Here's how junior underwriters use fha:

Performed modification underwriting for FHA loans under approved guidelines.
Specialized in Conventional Loans as well as VA & FHA IRRRLS, while training to obtain my DE for Government loans.

5. Va

Virtual assistants are the professionals who provide assistance for businesses virtually from remote areas. These individuals are hired by online businesses to perform management and administrative tasks of the company such as marketing, bookkeeping, and many other services. with virtual assistants, businesses can exist and work virtually without any need for a physical office.

Here's how junior underwriters use va:

Reviewed VA loans for compliance, made sure all documents need for an approval per VA guidelines were present.
Order and obtain VA Certificate of Eligibility, VA Indebtedness when needed.

6. Loan Applications

A loan application is a form of request presented by a person to a financial institution for the approval of a loan. This application form carries detailed information regarding the petitioner's identification information, financial competence, and sources of income that indicate whether he can return the loan back or not.

Here's how junior underwriters use loan applications:

Examined clients' loan applications to assure accuracy of data and obtained supplementary documents essential for loans compliance.
Contacted applicant or creditors to resolve questions regarding application information and to request specified information for loan application.

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7. Underwriting Guidelines

Underwriting guidelines are a set of rules and requirements an insurer provides to its agents and underwriters. The underwriter then uses these instructions to judge the prospective insured, whether to accept, modify or reject it. These guidelines help the insurers set the criteria for the customer and let them know the amount of money that should be offered to the client, or whether not to offer an insurance policy in the first place.

Here's how junior underwriters use underwriting guidelines:

Reviewed, analyzed and made final determination on loan submissions using manual underwriting guidelines as well as validating Automated Underwriting recommendations.
Assisted in evaluation of new product development opportunities and design of policies, underwriting guidelines and risk management education programs.

8. Investor Guidelines

An investor guideline refers to general standards, strategies, and parameters relating to investments; the set guidelines get altered from time-to-time.

Here's how junior underwriters use investor guidelines:

Administer intensive review of funding condition to make sure that all investor guidelines and requirements are satisfactorily fulfilled.
Reviewed conditions to make sure they follow regulatory Investor guidelines and secondary market requirements.

9. Financial Statements

A financial statement is a report of an individual or a company that includes all the information about the declared assets, the use of money, income, and also the contribution of shareholders over a certain period.

Here's how junior underwriters use financial statements:

Reviewed and spreads financial statements and prepares comprehensive financial analysis on the creditworthiness of the borrower.
Contacted and consulted with customers to review financial statements submitted for home modifications.

10. Loan Approval

Here's how junior underwriters use loan approval:

Reviewed mortgages for refinance calculated income, reviewed necessary documents for loan approval.
Supported the loan approval process through credit authorization preparation and distribution.

11. Tax Returns

Here's how junior underwriters use tax returns:

Reviewed tax returns, bank statements, hardship letters and other documentation to determine eligibility for home loan modifications.
Write or oversee the preparation of accurate credit approval presentations by analyzing and interpreting financial information and tax returns

12. Underwriting Process

Here's how junior underwriters use underwriting process:

Analyzed the matters related to underwriting requirements and identified guidelines that streamlined the underwriting process.
Shadowed with an experienced government underwriter to observe the underwriting process for government loans.

13. Account Executives

Account executives help build good relationships with new and existing clients. They interact with brand teams and clients, making them the point of contact. A sales development representative responsibilities entail facilitating sales, generating potential leads, and referring customers to the best salesperson. To succeed in this job post, you need to have the best customer service, math, analytical, interpersonal, and communication skills. A bachelor's degree in business marketing, sales, or a similar field fits this role.

Here's how junior underwriters use account executives:

Participate in Meetings with brokers, underwriters, account executives and carrier representatives.
Processed canceled, withdrawn and declined files Cleared conditions and answered Brokers and Account Executives questions via telephone and e-mail.

14. JR

JR -- short for junior -- denotes the son of a person who's still alive and has the same name. It's used after a man's name to differentiate him from an older family member with the same name.

Here's how junior underwriters use jr:

Worked as a mortgage loan processor in the Manufactured Homes Division and was promoted to Pre-Qualification Specialist, and eventually Jr.
Managed the workload of 2 Set-up Specialists, 2 Account Managers and 1 Jr Underwriter.

15. Automated Underwriting

Here's how junior underwriters use automated underwriting:

Present a comprehensive knowledge of Conventional loan program guidelines and have a thorough understanding of automated underwriting engines.
Update automated underwriting applications per new information received, assess results and generate necessary loan conditions.

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What skills help Junior Underwriters find jobs?

Tell us what job you are looking for, we’ll show you what skills employers want.

What type of skills will young junior underwriters need?

Janet Ruiz

Director – Strategic Communication, Insurance Information Institute

The mathematical mind, meet the meaningful purpose (Liberty Mutual). Underwriters are the heart of the insurance process, gathering and researching pertinent information and then, using finely tuned analytical skills to evaluate the acceptability of business and institutional risk. Underwriters are more than just analysts - they are the core relationship builders with agents and clients. They are responsible for managing a profitable portfolio of business by distributing agents and brokers. An underwriting career includes a dynamic blend of analytical and marketing skills. Research, Analytics, Communications, Relationship Building, Marketing.

What technical skills for a junior underwriter stand out to employers?

Robert Hoyt, Ph.D.

Department Head and Dudley L. Moore Jr. Chair of Insurance, University of Georgia

The ability to collect information, work with data, and translate this into insights and knowledge is key in insurance going forward. An important focus in our classes is helping students apply what they are learning to real business situations through projects that are often carried out in teams. The growth of digital strategies in insurance means that emerging graduates are excited by and embrace the use and application of such approaches. However, the ability to engage with people to assist them in managing their personal or business risks is what matters most in this business. At the end of the day, building relationships and trust are the key in insurance.

Do you want to know more?

List of junior underwriter skills to add to your resume

The most important skills for a junior underwriter resume and required skills for a junior underwriter to have include:

Loan Programs
Income Documentation
Credit Reports
FHA
Va
Loan Applications
Underwriting Guidelines
Investor Guidelines
Financial Statements
Loan Approval
Tax Returns
Underwriting Process
Account Executives
JR
Automated Underwriting
Mortgage Loans
Fannie MAE

DU/LP
FNMA
USDA
SR
Loan Processors
Conventional Loans
Credit Decisions
Bank Statements
Credit Worthiness
Loan Packages
Loan Modifications
FHLMC
Freddie Mac
HUD
RESPA
AUS
Red Flags

Credit Analysis
Income Ratios
UW
Underwriting Systems
LTV
Program Guidelines
Mortgage Insurance
Credit History
Loan Decisions
Escrow Analysis
Title Commitments
DTI
BPO
Loan Products
VOE
Title Reports

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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