What Is a Remote Mortgage Underwriter and How to Become One
A mortgage underwriter is a specialized, licensed loan officer who has completed the National Mortgage Licensing System (NMLS) program and the certification process; a remote mortgage underwriter has all the same duties as a traditional mortgage underwriter, but they work remotely, usually from home. As a remote mortgage underwriter, you are responsible for reviewing loan applications and ensuring that all forms, documents, and financial records satisfy the requirements of the loan provider and government regulations. You are the person who finds any errors and helps see that they are corrected before the loan is processed.
A remote mortgage underwriter provides loan analysis and decision-making services to a financial institution from a remote location, such as a work-from-home setup. As a remote mortgage underwriter, you use various online systems to review mortgage loan applications for completeness and accuracy, verify supporting documents, determine whether potential borrowers demonstrate an acceptable level of risk, and approve or deny loan requests on behalf of the lender. You consider factors such as loan-to-value (LTV) and debt-to-income (DTI) ratios in your decision-making processes. You need strong analytical and organizational skills as well as a solid work ethic to succeed in this career.