When you apply for a mortgage loan, your mortgage application will be submitted and sent to a loan underwriter, who will determine if you qualify for a mortgage. In other words, he/she will decide whether the risk of offering a mortgage loan is considerable or not.
If you interested in a home-based remote mortgage underwriter job, you can read through this to find about the skills and qualifications required to pursue such jobs:
1. High school diploma/license
Most mortgage underwriters have this requirement. However, licensing is usually required in the state where the home-based worker lives. Other education related to the industry might also be required before undertaking a mortgage underwriting work.
2. Basic skills in various fields
While a degree in the fields aren’t required, before working in a home-based mortgage underwriting job you should have some basic knowledge in various fields. That includes subjects like: economics, accounting, math, and critical thinking.
3. Often no experience is required
While certain positions will have certain requirements, often no job experience in the mortgage underwriting field is required. That’s a plus compared to other positions. If you have a high school diploma then you’ll be qualified for many positions.
4. Decision-making skills
While you don’t have to take a class to learn these skills, they’re necessary when opting for a mortgage underwriting job. When you are in such a profession you need to on factors like: when to release funds due to mortgage-related losses, and when to hold funds. Sometimes the choice is obvious, but at times there’s more of a grey area.
5. Basic computer skills
You’ll also need some basic computer knowledge to operate in this particular field in order to land a mortgage underwriting job. That includes knowledge of softwares related to areas such as accounting, finance, and document management. If you don’t have these skills, it is advisable that you master them before applying for a mortgage underwriting position.