What does a Mortgage Underwriter do?

An underwriter works in insurance agencies utilizing data to determine the risks in creating insurance policies. They are found in insurance agencies of all kinds, from general to life insurance. An underwriter will analyze statistical data and decide who can be covered through the company and who is not eligible. They do this by assessing personal background information about the client and using risk assessment strategies.

Individuals employed as an underwriter require keen analytical and mathematical skills. Many have advanced education and hold bachelor's degrees in finance, statistics or other math fields. As the job deals with utilizing personal information to assess potential clients, personal integrity is essential. Additionally, underwriters who succeed in the field complete assignments within established time-frames and accurately forecast risk.

  • Review insurance proposals and seek to improve terms
  • Properly Assess and analyze client's background information
  • Participate in continuing education courses to remain knowledgeable and competitive in the industry
  • Use professional techniques and strategies to calculate the risk associated with client policies
  • Review insurance claims and terms to determine the amount to be paid out by the company
  • Designate and prepare insurance premiums based upon informed judgment and competitor pricing
  • Organize meetings with specialists to help determine risk assessment in unique circumstances
  • Layout and finalize insurance policies applying specific terms and conditions as agreed upon by the client
  • Bachelor's degree in mathematics, statistics or related field
  • Strong math and analytical skills are essential to complete job requirements successfully
  • Professional listening and certification from intuitions such as Associate in Commercial Underwriting (AU) Chartered Life Underwriter certification (CLU) preferred
  • Experience working with private and sensitive personal information
  • Excellent negating skills and strategies
  • Ability to multitask and work toward multiple deadlines simultaneously
  • Interpersonal and customer service skills are required when meeting with and interviewing potential clients
  • Strong computer skills and ability to use necessary software
  • Confident in decision making and the ability to explain processes or choices as needed
EducationBachelor's Degree
Work/Life Balance
3.6 ★
Salary Range--
Career Opportunity
3.5 ★
Avg. Experience2-4 years

Mortgage Underwriter Salaries

Average Base Pay

£26,996 /yr
Same as national average
Not including cash compensation
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£20K
Median: £27K
£37K
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Glassdoor Estimated Salary

Mortgage Underwriter Career Path

Learn how to become a Mortgage Underwriter, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L2
Underwriter
£34,665/yr
L3
L4
Underwriter Iv
£36,358/yr
See Career Path

Mortgage Underwriter Insights

Read what Mortgage Underwriter professionals have to say about their job experiences and view top companies for this career.
Nova Mutual
Senior Underwriter
11 Dec 2020

“The empowerment I feel everyday is amazing and helps me do my job to the best of my abilities”

Flagstar BankFlagstar Bank
Foreclosure Specialist
17 Dec 2020

“Management is not the best in sharing information and a lot of the day is spent answering phone calls.”

Nationwide Building SocietyNationwide Building Society
Mortgage Underwriter
10 Apr 2021

“There was a good culture and I made lots of friends and felt well managed.”

RLIRLI
Senior Underwriter
13 Sep 2021

“Overall a great place to work and by far the best company I've worked for.”

LoanMonkey
Licensed Mortgage Loan Originator
8 Jul 2020

“Commission schedule is such that make far less than potential and what was promised and expected from start.”

ChubbChubb
Senior Underwriter
21 Jan 2021

“Employees are given opportunity to show their strengths and supported in both personal and career development.”

COUNTRY FinancialCOUNTRY Financial
Personal Lines Underwriter
16 Feb 2021

“Training is a joke and you don't really get a chance to move up.”

AetnaAetna
Senior Underwriting Associate
29 Jan 2020

“Work from home can really help with this because I'm not super close to my office.”

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Mortgage Underwriter Interviews

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Mortgage Underwriter jobs