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Mortgage underwriter skills for your resume and career

Updated January 8, 2025
3 min read
Quoted experts
Janet Ruiz,
Robert Hoyt, Ph.D.
Mortgage underwriter example skills
Below we've compiled a list of the most critical mortgage underwriter skills. We ranked the top skills for mortgage underwriters based on the percentage of resumes they appeared on. For example, 7.4% of mortgage underwriter resumes contained customer service as a skill. Continue reading to find out what skills a mortgage underwriter needs to be successful in the workplace.

15 mortgage underwriter skills for your resume and career

1. Customer Service

Customer service is the process of offering assistance to all the current and potential customers -- answering questions, fixing problems, and providing excellent service. The main goal of customer service is to build a strong relationship with the customers so that they keep coming back for more business.

Here's how mortgage underwriters use customer service:
  • Provide exceptional customer service to both internal staff and external customer by explaining credit decision and offering alternative options when needed.
  • Supported the highest producing account executive in the company through excellent customer service and attention to detail in underwriting residential loans.

2. Work Ethic

Here's how mortgage underwriters use work ethic:
  • Value added work ethic to maintain the highest level of customer satisfaction.

3. 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 mortgage underwriters use fha:
  • Reviewed MHA & FHA Modification applications for accuracy and determining financial hardships, contacted homeowners to verify or clarify information.
  • Underwrite conventional and FHA mortgage loan applications submitted by national wholesale brokers.

4. 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 mortgage underwriters use va:
  • Provided complex personal and business financial analysis and utilized comprehensive knowledge of FHA/VA lending guidelines to maintain internal and investor standards.
  • Review & underwrite residential mortgage load according to FHA, FNMA, FHLMC, VA guidelines for New Jersey.

5. Excellent Organizational

Here's how mortgage underwriters use excellent organizational:
  • Utilized excellent organizational skills to properly determine premium factors and provide quality service to large accounts.
  • Operated collaboratively across multi-functional teams, ability to manage multiple deadlines in a fast-paced and changing environment with excellent organizational skills.

6. Excellent Interpersonal

Here's how mortgage underwriters use excellent interpersonal:
  • Maintain excellent interpersonal relations with Mortgage Counselors.
  • Possess excellent interpersonal, analytical, and organizational skills.

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7. 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 mortgage underwriters use financial statements:
  • Review financial statements, credit reports, and applicable ratios and evaluating transactions to ensure accuracy and completeness of applications.
  • Investigated and analyzed financial statements and credit reports submitted by wholesale lenders to interpret financial stability and assess credit risk.

8. Income Documentation

Here's how mortgage underwriters use income documentation:
  • Examined loan documentation that included reviewing appraisals, credit reports, title reports, and income documentation for accuracy and completeness.
  • Analyze credit applications, review credit reports, income documentation, property appraisals and all applicable documents for mortgage approval/decline.

9. Credit Analysis

Credit analysis is the process of evaluating a person's or company's ability to repay their debts.

Here's how mortgage underwriters use credit analysis:
  • Provided credit analysis, appraisal review and income document verification to ensure all bank and investor guidelines were completed.
  • Evaluated the financial strength of borrowers to determine risk and repayment capacity, income/credit analysis and documentation review.

10. 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 mortgage underwriters use credit reports:
  • Analyzed credit reports, income information, and especially appraisals to support a credit decision conforming to Company and investor guidelines.
  • Analyzed consumer credit reports and securing loans with collateral to determine eligibility a net tangible benefit prior to post closing.

11. 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 mortgage underwriters use investor guidelines:
  • Provide underwriting services with large, full-service regional mortgage lender, ensuring compliance with appropriate company and secondary market investor guidelines.
  • Bank Closed/MergerAs underwriter it is my responsibility to review all documentation and ensure that it meet investor guidelines and bank regulations.

12. Credit Decisions

Here's how mortgage underwriters use credit decisions:
  • Rendered the final credit decision on all loan applications, providing a detailed written analysis to support any underwriting decision.
  • Audited files for information accuracy and completeness to justify sound credit decisions made by the preliminary underwriter and lending institution.

13. Origination

Here's how mortgage underwriters use origination:
  • Stayed current with secondary market activity, practices, and business/industry practices as they impact underwriting quality and origination activity.
  • Present Responsible for the re-underwriting of loans to determine origination underwriting deficiencies against Investor and Mortgage Insurance guidelines.

14. USDA

Here's how mortgage underwriters use usda:
  • Delegated MI underwriter and main point of contact for Loan Officers for underwriting scenario questions and designated USDA loan underwriter.
  • Underwrite conforming loans, USDA loans, construction loans, and jumbo loans under various Investor current guidelines.

15. Strong Analytical

Here's how mortgage underwriters use strong analytical:
  • Used strong analytical skills and proficiency in cause-analysis, with respect to credit and appraisals.
  • Utilize strong analytical and problem solving skills that leverage risk verse reward while also ensuring credit quality and profitability.
top-skills

What skills help Mortgage 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 mortgage underwriters need?

Janet RuizJanet Ruiz LinkedIn profile

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 mortgage underwriter stand out to employers?

Robert Hoyt, Ph.D.Robert Hoyt, Ph.D. LinkedIn profile

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?
Read more about what experts have to say about mortgage underwriter

List of mortgage underwriter skills to add to your resume

Mortgage underwriter skills

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

  • Customer Service
  • Work Ethic
  • FHA
  • Va
  • Excellent Organizational
  • Excellent Interpersonal
  • Financial Statements
  • Income Documentation
  • Credit Analysis
  • Credit Reports
  • Investor Guidelines
  • Credit Decisions
  • Origination
  • USDA
  • Strong Analytical
  • Business Tax Returns
  • Fannie MAE
  • Automated Underwriting
  • Loan Processors
  • Loan Products
  • Return Analysis
  • Loan Documentation
  • Underwriting Guidelines
  • Credit Worthiness
  • Property Appraisals
  • Partnership Tax
  • HUD
  • Underwriting Systems
  • Credit Risk
  • Loan Decisions
  • Freddie Mac
  • DU/LP
  • Compliance Reviews
  • Loan Approval
  • Underwriting Process
  • Underwriting Decisions
  • Credit History
  • FNMA
  • FHLMC
  • Bank Secrecy Act
  • Red Flags
  • Conventional Loans
  • RESPA
  • Bank Statements
  • Risk Analysis
  • LTV
  • Due Diligence
  • Cash Flow Analysis
  • Residential Mortgage Loans
  • Anti-Money Laundering

Updated January 8, 2025

Zippia Research Team
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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