Underwriter Goals and Objectives Examples
Conduct financial analysis of loan applications accurately and efficiently.
Ensure compliance with underwriting guidelines and regulations.
Meet or exceed production and quality standards for loan underwriting.
Maintain a high level of customer service when communicating with loan officers and processors.
Identify potential fraud in loan applications and escalate to appropriate parties.
Prioritize workload effectively and meet deadlines consistently.
Continuously update knowledge of industry trends, regulations, and best practices.
Make sound underwriting decisions based on risk assessment and creditworthiness of borrowers.
Collaborate with loan officers and processors to resolve issues or discrepancies in loan applications.
Build positive relationships with stakeholders, including borrowers, loan officers, and management.
Provide regular status updates on loans to relevant parties.
Analyze appraisal reports and property information to determine value and risk.
Evaluate employment history and income documents to verify borrower's ability to repay.
Identify potential red flags in financial statements and investigate further as needed.
Review title reports and insurance documents to ensure proper coverage is in place.
Communicate effectively with internal teams to ensure all necessary documentation is received and reviewed.
Accurately calculate debt-to-income ratios and other financial metrics to assess borrower risk.
Evaluate collateral eligibility and condition in accordance with guidelines.
Follow established policies and procedures for underwriting loans at the designated authority level.
Maintain accuracy and consistency when reviewing loan files.
Identify new opportunities for process improvement and efficiency gains.
Attend training sessions to enhance underwriting knowledge and skills.
Complete assigned tasks on time and with a high level of accuracy.
Respond promptly to inquiries from loan officers and processors.
Analyze credit reports to determine creditworthiness of borrowers.
Review loan requests for completeness and ensure all required documentation is present.
Communicate with third-party vendors, such as appraisers and title companies, to acquire necessary information.
Ensure compliance with all federal and state lending regulations.
Assess borrower risk based on credit score, payment history, and other factors.
Provide clear and concise explanations for loan decisions to loan officers and borrowers.
Verify authenticity of documents provided by borrowers, such as pay stubs and tax returns.
Stay up-to-date on industry trends and best practices in underwriting.
Uphold confidentiality policies when handling sensitive borrower information.
Escalate issues or concerns to management as needed.
Evaluate loan applications against investor guidelines and requirements.
Collaborate with other underwriters to review complex loan scenarios.
Ensure timely and accurate delivery of underwriting decisions.
Review automated underwriting system findings and make manual adjustments as needed.
Maintain a clean underwriting audit history.
Participate in special projects as assigned by management.
Follow up on outstanding conditions to ensure timely loan closings.
Conduct quality control checks on loan files to ensure accuracy and completeness.
Develop and maintain positive relationships with external auditors and regulators.
Provide training and support to junior underwriters as needed.
Effectively communicate changes in guidelines or policies to internal stakeholders.
Understand and assess risk related to non-conforming loans.
Facilitate communication between loan officers, processors, and appraisers to resolve issues quickly.
Evaluate borrower assets to determine ability to repay loans.
Make exceptions to guidelines when appropriate, with proper approval.
Stay current with technology innovations that affect the underwriting process.
Review and evaluate complex loan structures, including multi-unit properties and commercial loans.
Identify opportunities to cross-sell other products or services to borrowers.
Manage pipeline effectively to ensure timely processing of loan applications.
Review and approve loan modifications and extensions as needed.
Provide exceptional customer service to all stakeholders, including borrowers and loan officers.
Analyze self-employment income documentation for accuracy and consistency.
Effectively communicate underwriting decisions to all relevant parties.
Identify potential risks related to geographic location or property type.
Collaborate with compliance team to ensure adherence to regulatory requirements.
Review and analyze rental income documentation for investment properties.
Understand and assess risk related to FHA and VA loans.
Monitor and report on underwriting KPIs to management.
Review and evaluate non-traditional credit sources, such as rent payments or utility bills.
Identify opportunities to streamline or automate the underwriting process.
Conduct final review of loan files prior to funding.
Assess loan applications from a risk perspective while maintaining a positive approach to customer service.
Work collaboratively with internal partners to identify potential solutions for complex loans.
Perform final quality control checks on loan files prior to submission to investors.
Accurately calculate borrower reserves and cash-to-close requirements.
Continuously improve industry knowledge by attending webinars, seminars, and training sessions.
Maintain high level of attention to detail when reviewing loan files.
Foster a positive work environment by promoting teamwork and open communication.
Evaluate borrower credit history for delinquencies, collections, and judgments.
Ensure compliance with Fair Lending laws and regulations.
Investigate discrepancies in borrower information and documents provided.
Demonstrate flexibility in adapting to changing guidelines, policies, or procedures.
Understand and assess risk related to jumbo loans.
Offer constructive feedback to loan officers and processors on areas for improvement.
Communicate effectively with all levels of management when necessary.
Manage workload effectively to balance competing priorities and meet deadlines.