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How do i become a mortgage underwriter

how do i become a mortgage underwriter

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Take an aptitude test to determine if you are well-suited for a mortgage underwriting career. To be successful as a mortgage underwriter requires sales, finance or accounting aptitude, skills and experience. Aptitude testing will help you determine your areas of interest and the skills required to work in finance.

Research mortgage underwriting careers and salaries to determine the number of underwriting jobs in your area and the employers looking for finance candidates. Prepare to attend a college or university that has accounting, finance or sales degree programs.

Work to earn a bachelor's degree with an emphasis on accounting, finance, sales or economics from an accredited institution. Special accounting or finance projects, internships and industry mentors will advance career and employment opportunities that can

lead to a position as a mortgage underwriter. Working in sales, accounting or finance while studying will also provide career contacts and opportunities.

Obtain an entry-level position in a bank or other lending institution, either in financial product sales or service. Gain financial work experience for one to two years and start to seek mortgage underwriter opportunities.

Join an industry association such as the Mortgage Bankers Association to take advantage of industry resources and to learn about professional development. Attend industry conferences and events and continuing education opportunities. Network in the banking industry to keep informed of opportunities for advancement to a larger bank or a position with more responsibility, possibly supervising others or directing a department. Take advantage of HUD, FHA and Fannie Mae training and certification opportunities.

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