What does an Underwriting Assistant do?
Underwriting assistants provide support and assistance to underwriting staff; they work for the underwriting department, organize and arrange loan approval packages, review consumer and residential loan applications, and gather credit history and other relevant background information, including cash flow records and debt-to-income ratio data. Underwriting assistants assist with the completion of rates and premiums. They perform administrative duties regarding new and renewal accounts, risk assessments, loss runs, and lost ratings.
Underwriting assistants provide research and clerical support to determine whether clients qualify for insurance policies, loans, or other financial services. They gather financial and statistical information and letters with the information provided by an underwriter. Underwriting assistants need a bachelor's degree in finance or related fields.
Underwriting Assistant Salaries
Average Base Pay
Underwriting Assistant Career Path
Learn how to become an Underwriting Assistant, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.