Define underwriting assistant

If you are aspiring to become a mortgage underwriter, it is essential to know some of the salient features on this particular career.

Define underwriting assistant

I found out that I enjoyed this type of work and when I read what a mortgage underwriter job description was, thought I would apply for the job. Since I had a college education and had already been working in the field, I was hired on as an underwriter.

Being an assistant before this really gave me a good idea of the overall process. I think this was beneficial for me once I became an underwriter. There is nothing quite like experience to teach you important lessons, and I learned many of these as an assistant, that helped me be a confident underwriter.

John57 Post 5 Several years ago I worked in an insurance underwriting job as a medical underwriter. This was for a major insurance company for long term health care coverage.

As underwriters, we had underwriting assistants who made our job much easier and more efficient. Our assistants would make sure each of the files were current and up to date with all the correct paperwork before they made it to our desk.

Once the file got to me as an underwriter, all I had to do was review the application and medical records and make a decision according to the current standards and guidelines.

As underwriters, we could have done all this paperwork ourselves, but our time was more productive when we had reliable underwriting assistants. I think automation will reduce the job prospects for underwriting assistants in the long run.

The underwriter will make the final decision, of course, but the assistant will provide information that helps the underwriter make that determination. So in the case of insurance, the determination of what your premium will be, how much you will be covered for, and even if you qualify will be based on the information provided by the assistant.

BREAKING DOWN 'Underwriter'

I agree that if you were going into this field, you would need to pay close attention to details; a lot rides on your recommendation. If you miss something important, you may wind up with a customer who defaults on a loan.

Personally, I think some legal or finance background would give you an edge in this field. My husband; however, is looking for a job and I thought this one would suit him well.

What I found was that these salaries really have quite the range from mid thirties a year to a six-figure salary.

define underwriting assistant

So what it looked like from the descriptions of the different underwriting assistant jobs was that the more general job description the more you were apt to fall in the thirty something thousand a year range.

Sinbad Post 1 Although this job does not seem to entail much creative thinking in coming up with new and inventive ideas; it seems to entail much responsibility in the opposite realm of details.

Being that this person holds this much responsibility with seemingly important details it makes me wonder how much a underwriting assistant makes a yearPricing and Underwriting jobs Pricing is a complex business.

Combining historical data, mathematical models and the talents of our analysts, we price our products in a way that meets both our business goals and the needs of our customers.

The most common type of underwriter is a mortgage loan underwriter. Mortgage loans are approved based on a combination of an applicant's income, credit history, debt ratios and overall savings.

Mentioned in These Terms

Underwriting is a term most often used in investment banking, insurance and commercial banking. Generally, underwriting means receiving a remuneration for the willingness to pay for or incur a.

Underwriting guidelines apply to every loan product and differ depending on which type of product you are underwriting however there are many common sense areas that apply to underwriting that are not addressed in handbooks.

Underwriting Associate at Swiss Re Corporate Solutions. Location Slovak Republic area Industry Insurance.

define underwriting assistant

- define and develop organization´s strategy Administrative Assistant City office in Spišské Podhradie. November – May 7 Underwriting Associate at Swiss .

Texas Medical Liability Insurance Underwriting Association (Texas JUA) - Established by the Legislature in to insure physicians and other eligible health care providers who cannot obtain insurance in the voluntary market.

What does a Loan Assistant do? (with pictures)