Mortgage Underwriter Resume Example

Common Responsibilities Listed on Mortgage Underwriter Resumes:

  • Analyze loan applications to determine if they meet the lender's criteria
  • Review borrower's credit history, income, assets, and other financial information
  • Verify accuracy of borrower's income, assets, and other financial information
  • Calculate debt-to-income ratio and loan-to-value ratio
  • Ensure compliance with federal, state, and local regulations
  • Review appraisals and other third-party reports
  • Make decisions on loan approval, denial, or counteroffer
  • Prepare loan approval documents and other paperwork
  • Monitor and review loan conditions prior to closing
  • Communicate with loan officers, borrowers, and other stakeholders
  • Maintain and update underwriting guidelines and procedures
  • Stay up-to-date with changes in the mortgage industry

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Mortgage Underwriter Resume Example:

A strong Mortgage Underwriter resume should emphasize achievements in increasing loan approval rates, improving efficiency, and reducing processing times. It's essential to showcase collaboration with loan officers, compliance teams, and external partners to ensure adherence to regulations and mitigate risks. Additionally, highlighting experience in team management, training, and mentorship can demonstrate leadership skills and the ability to drive team success.
Penelope Wainwright
penelope@wainwright.com
(990) 011-2233
linkedin.com/in/penelope-wainwright
@penelope.wainwright
Mortgage Underwriter
Highly skilled Mortgage Underwriter with 4 years of experience in consistently exceeding loan approval targets and implementing new underwriting guidelines resulting in increased revenue and customer satisfaction. Proven track record in reducing loan processing time by 20% and mitigating potential risks resulting in a 25% reduction in loan delinquency rates. Strong relationship building skills with loan officers and external partners resulting in a 15% reduction in third-party report turnaround time and a 25% increase in referral business.
WORK EXPERIENCE
Mortgage Underwriter
03/2022 – Present
Luminous Mortgage Solutions
  • Consistently met or exceeded monthly loan approval targets, resulting in a 10% increase in loan volume and a 5% increase in revenue for the organization.
  • Developed and implemented new underwriting guidelines and procedures, resulting in a 20% reduction in loan processing time and a 15% increase in customer satisfaction scores.
  • Collaborated with loan officers and other stakeholders to identify and mitigate potential risks, resulting in a 25% reduction in loan delinquency rates.
Senior Underwriting Manager.
03/2020 – 03/2022
Harborview Financial Services
  • Managed a team of junior underwriters, providing training and mentorship that led to a 30% improvement in team productivity and a 20% reduction in errors.
  • Developed and maintained strong relationships with external partners, including appraisers and title companies, resulting in a 15% reduction in third-party report turnaround time.
  • Identified and resolved complex loan application issues, resulting in a 10% increase in loan approval rates and a 5% increase in loan volume.
Loan Underwriter
03/2019 – 03/2020
BrightPath Mortgage Co.
  • Implemented a new loan review process that resulted in a 30% reduction in loan processing time and a 20% increase in loan approval rates.
  • Collaborated with the compliance team to ensure adherence to all federal, state, and local regulations, resulting in a 100% compliance rate and zero regulatory fines.
  • Developed and maintained strong relationships with loan officers and other stakeholders, resulting in a 25% increase in referral business and a 10% increase in customer satisfaction scores.
SKILLS & COMPETENCIES
  • Loan underwriting expertise
  • Risk assessment and mitigation
  • Regulatory compliance
  • Process improvement and implementation
  • Team management and mentorship
  • Strong analytical skills
  • Attention to detail
  • Relationship building and management
  • Effective communication and collaboration
  • Time management and prioritization
  • Problem-solving and decision-making
  • Knowledge of mortgage industry trends and best practices
  • Customer service and satisfaction
  • Adaptability and flexibility
  • Proficiency in mortgage underwriting software and tools
COURSES / CERTIFICATIONS
Certified Mortgage Underwriter (CMU)
04/2023
National Association of Mortgage Underwriters (NAMU)
Residential Mortgage Underwriter Certification (RMUC)
04/2022
Mortgage Bankers Association (MBA)
Certified Residential Underwriter (CRU)
04/2021
Mortgage Bankers Association (MBA)
Education
Bachelor of Science in Finance
2016 - 2020
Baruch College
New York, NY
Mortgage Banking
Real Estate

Top Skills & Keywords for Mortgage Underwriter Resumes:

Hard Skills

  • Loan Underwriting
  • Risk Assessment
  • Financial Analysis
  • Credit Analysis
  • Compliance Regulations
  • Loan Processing
  • Loan Documentation
  • Mortgage Industry Knowledge
  • Fraud Detection
  • Quality Control
  • Communication Skills
  • Attention to Detail

Soft Skills

  • Attention to Detail and Accuracy
  • Analytical and Critical Thinking
  • Time Management and Prioritization
  • Communication and Interpersonal Skills
  • Adaptability and Flexibility
  • Decision Making and Problem Solving
  • Teamwork and Collaboration
  • Customer Service and Relationship Building
  • Ethics and Integrity
  • Stress Management and Resilience
  • Organization and Planning
  • Knowledge of Regulations and Guidelines

Resume Action Verbs for Mortgage Underwriters:

  • Analyzed
  • Evaluated
  • Verified
  • Assessed
  • Approved
  • Mitigated
  • Scrutinized
  • Scrutinized
  • Investigated
  • Calculated
  • Reviewed
  • Collaborated
  • Examined
  • Computed
  • Delegated
  • Prioritized
  • Monitored
  • Negotiated

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Resume FAQs for Mortgage Underwriters:

How long should I make my Mortgage Underwriter resume?

The ideal length for a Mortgage Underwriter resume should be one to two pages. However, the length may vary depending on the individual's experience and career stage. For entry-level or early-career Mortgage Underwriters, one page is usually sufficient. Experienced Mortgage Underwriters with extensive accomplishments and a longer work history may require two pages, but it's essential to ensure that every piece of information is relevant and valuable. When determining what to include on your resume, prioritize the most relevant and recent experience, skills, and achievements. Focus on the accomplishments that demonstrate your expertise in mortgage underwriting and your ability to drive results. Use concise language and bullet points to describe your experience and achievements, and avoid long paragraphs or unnecessary details. Customizing your resume for each job application, focusing on the skills and experiences most relevant to the specific Mortgage Underwriter role you're applying for, will help you present a targeted and impactful resume, while also ensuring you stay within the one to two-page limit.

What is the best way to format a Mortgage Underwriter resume?

The best way to format a Mortgage Underwriter resume is to create a clear, concise, and well-organized document that highlights your skills, experience, and achievements. Here are some tips and recommendations for formatting a Mortgage Underwriter resume: Consistent formatting: Ensure consistency in formatting throughout your resume, including font size, typeface, and spacing. Using a consistent format helps make your resume easy to read and navigate, making it more likely that hiring managers will review your entire document. Clear section headings: Clearly label each section of your resume (e.g., "Summary," "Experience," "Skills," "Education") with bold or underlined headings. This helps guide the reader's eye and makes it easier for them to find the information they're looking for. Use bullet points: Use bullet points to present your experience and achievements in a concise and easy-to-read format. This helps break up large blocks of text and enables hiring managers to quickly scan your resume for relevant information. Reverse chronological order: Present your work experience in reverse chronological order, starting with your most recent position and working backward. This format is preferred by most hiring managers, as it allows them to easily review your career progression and most recent accomplishments. Focus on relevant experience: When crafting your resume, focus on highlighting your experience and skills that are most relevant to the Mortgage Underwriter role. This may include experience in loan processing, risk assessment, and compliance. Quantify achievements: Where possible, quantify your achievements using specific numbers or percentages. This helps demonstrate the impact of your work and makes your accomplishments more tangible. Proofread carefully: Before submitting your resume, proofread it carefully to ensure that there are no typos, grammatical errors, or formatting issues. A well-written and error-free resume can help make a positive impression on hiring managers.

Which keywords are important to highlight in a Mortgage Underwriter resume?

As a Mortgage Underwriter, it's essential to highlight your skills and experience effectively in your resume to stand out to potential employers. To do this, you should include specific keywords and action verbs that are relevant to the mortgage underwriting industry. Here are some recommendations: 1. Keywords: - Mortgage Underwriting - Loan Origination - Risk Assessment - Credit Analysis - Financial Analysis - Compliance - Loan Processing - Mortgage Guidelines - FHA/VA/USDA/Conventional Loans - Automated Underwriting Systems (AUS) - Desktop Underwriter (DU) - Loan Prospector (LP) - Quality Control - Appraisal Review - Income Calculation - Debt-to-Income (DTI) Ratio - Loan-to-Value (LTV) Ratio - Collateral Evaluation 2. Action Verbs: - Analyzed - Evaluated

How should I write my resume if I have no experience as a Mortgage Underwriter?

Writing a resume with little to no experience as a Mortgage Underwriter can be challenging, but it's not impossible. By focusing on your transferable skills, relevant coursework, and demonstrating your passion for the industry, you can create a resume that stands out to hiring managers and recruiters. Here are some tips to help you craft an effective resume: Emphasize transferable skills: Even if you don't have direct mortgage underwriting experience, you likely have transferable skills that are valuable in the field. These can include attention to detail, analytical skills, risk assessment, communication, and problem-solving. Make sure to highlight these skills throughout your resume. Showcase relevant coursework: If you've taken any courses related to mortgage underwriting, make sure to include them on your resume. This can include courses in finance, accounting, or real estate. Explain what you learned in these courses and how they relate to the mortgage underwriting field. Highlight education and certifications: If you have a degree in a relevant field, such as finance or accounting, be sure to mention it. Additionally, include any mortgage underwriting certifications or courses you've completed, such as the Certified Mortgage Underwriter (CMU) or courses from platforms like Coursera or Udemy. Demonstrate your passion for the industry: If you're passionate about mortgage underwriting, make sure to convey that in your resume. Explain why you're interested in the field and what you hope to achieve as a Mortgage Underwriter. This can help hiring managers see your potential and enthusiasm for the job. By following these tips, you can create a resume that showcases your skills, education, and passion for mortgage underwriting, even if you have little to no direct experience in the field.

Compare Your Mortgage Underwriter Resume to a Job Description:

See how your Mortgage Underwriter resume compares to the job description of the role you're applying for.

Our new Resume to Job Description Comparison tool will analyze and score your resume based on how well it aligns with the position. Here's how you can use the comparison tool to improve your Mortgage Underwriter resume, and increase your chances of landing the interview:

  • Identify opportunities to further tailor your resume to the Mortgage Underwriter job
  • Improve your keyword usage to align your experience and skills with the position
  • Uncover and address potential gaps in your resume that may be important to the hiring manager

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