Will “Mortgage Underwriter” be Replaced By Robots? 🤔

100 % Chance of Automation

“Mortgage Underwriter” will definitely be replaced by robots.

This job is ranked #686 out of #702. A higher ranking (i.e., a lower number) means the job is less likely to be replaced.

Care to share? Click for Facebook, Twitter, LinkedIn, or XING. 👍

Job Description

Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.

Job Details

The SOC (Standard Occupational Classification) code is 13-2072.00
The Mean Annual Wage in the U.S. is $ 76,260.00
The Mean Hourly Wage is $ 36.00
Currently, there are 305,700 people on this job

☝️ Information based on the reference occupation “Loan Officers”.

Also Known As…

Tasks for “Mortgage Underwriter”

Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
Submit applications to credit analysts for verification and recommendation.
Handle customer complaints and take appropriate action to resolve them.
Stay abreast of new types of loans and other financial services and products to better meet customers' needs.
Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
Market bank products to individuals and firms, promoting bank services that may meet customers' needs.
Negotiate payment arrangements with customers who have delinquent loans.
Petition courts to transfer titles and deeds of collateral to banks.
Review and update credit and loan files.
Analyze potential loan markets and develop referral networks to locate prospects for loans.
Meet with applicants to obtain information for loan applications and to answer questions about the process.
Work with clients to identify their financial goals and to find ways of reaching those goals.
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
Supervise loan personnel.
Interview, hire, and train new employees.
Set credit policies, credit lines, procedures and standards in conjunction with senior managers.
Arrange for maintenance and liquidation of delinquent properties.
Confer with underwriters to aid in resolving mortgage application problems.
Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information.
Review loan agreements to ensure that they are complete and accurate according to policy.
Prepare reports to send to customers whose accounts are delinquent, and forward irreconcilable accounts for collector action.
Provide special services such as investment banking for clients with more specialized needs.
Compute payment schedules.

Related Technology & Tools

Tablet computers
Notebook computers
Desktop computers
Personal digital assistants PDA
Scanners
Personal computers

Moody's KMV CreditEdge
Experian Quest
Freddie Mac Loan Prospector
Moody's KMV Risk Analyst
Fair Isaac Application Risk Model Software
Equifax InterConnect
QuikDraw Loan Management System
Experian Retention Triggers
Financial Industry Computer Systems Loan Originator
Amortization loan software
RealBenefits Amortization Loan
Experian FraudShield
Common business oriented language COBOL
Experian Strategy Management
Moody's KMV Decisions
Indus Lending Solutions
Financial Industry Computer Systems Loan Accountant
Loan application processing software
CGI-AMS CACS Enterprise
Wolters Kluwer Financial Services ComplianceOne
Microsoft Office
Technicost LOS
Plimus Loan Artist
The Mortgage Office Loan Servicing
Dun and Bradstreet Global DecisionMaker
Fair Isaac Falcon ID
1003 Uniform Residential Loan Application
Microsoft PowerPoint
Microsoft Excel
Calyx Point
Ellie Mae Genesis
Microsoft Word
eOriginal eCore Business Suite
White Clarke North America Credit Adjudication and Lending Management
Fannie Mae Desktop Underwriter
Credit underwriting software
Delphi Discovery
Moody's KMV Financial Analyst
Experian Detect
Experian Transact SM
Ellie Mae Contour
FAS Loan Service Plus
Fair Isaac Capstone Decision Manager
Credit and risk analysis software
Opportunity management system OMS
Customer information control system CICS
IA Systems StreamLend
CGI-AMS Strata
Harland Interlinq MortgageWare
Click1003 Online Mortgage Application
CGI-AMS BureauLink Enterprise
Loan origination software
Credit fraud detection software
Equifax Advanced Decisioning
VueCentric MortgageDashboard
Microsoft Outlook
The Mortgage Office Loan Origination
eCredit Enterprise
Equifax Application Engine
Web browser software
Integra Destiny Loan Origination
LexisNexis
IBM Notes
Harland Financial Solutions DecisionPro
Bankers Systems Rembrandt Lending System
Moody's KMV Risk Advisor
Experian Credinomics
California Infinite LPS
Dynamic Loanledger
Financial Industry Computer Systems Loan Producer
LA PRO Loan Administrator Pro
Bottom Line LoanMaster Loan Servicing