What is underwriter responsibility?

Question

Accepted Answer

The underwriter is responsible for assessing and evaluating mortgage loan applications to determine their risk and eligibility for approval.

Reviewing and analyzing loan applications and supporting documents
Verifying borrower's financial information, credit history, and employment details
Assessing the property's value and condition
Calculating the borrower's debt-to-income ratio
Determining if the loan meets the lender's guidelines and government regulations
Making recommendations for loan approval or denial
Communicating with loan officers, borrowers, and other parties involved in the loan process
Ensuring compliance with underwriting standards and policies

Accepted Answer

Underwriter responsibilities for deciding whether or not accept applications for insurance covers.