- What experience do you have as a mortgage underwriter? …
- How do you stay up-to-date on mortgage industry trends and regulations? …
- What do you consider to be a red flag in loan applications? …
- How do you ensure the accurate and timely delivery of your work?
Mortgage Underwriter Interview
2. How Come You Stay Motivated Being A Mortgage Underwriter?
I always start my day by securing the most difficult tasks. The feeling of relief that comes when you tick off a difficult task from the list is one of the biggest motivations. Once I know that the weight is off my shoulder now and I can have an easier day ahead by doing other important and miscellaneous tasks. I also had a great team who would share the burden of responsibilities with each other. Bi-weekly, we would all go out for a coffee or lunch together and enjoy ourselves doing team-building activities.
Software can be a huge help to underwriters. Can you tell me a bit about the kinds of programs you’ve used in the past?
Computer applications can help underwriters manage and organize the legal processes or documents they are tracking for your company. This question tells you a bit about the potential hire’s previous experience, how knowledgeable they are about programs that relate to their field and how they use software to improve efficiency. What to look for in an answer:
“In my experience, software solutions like Applied Epic are useful here. This program automates a lot of the underwriting process and helps me insert rules or policy changes quickly.”
17. How Long Does The Mortgage Underwriting Process Take?
Normally it should close within 30 to 45 days from the time of contract. Closing time should be one of the criteria for evaluating a lender. Many lenders have taken steps to control the amount of business that they want and can take in. Those who have not, however, may have a slower underwriting process. Avoid incurring any new debt during the underwriting process, whether through a credit card, a new auto loan, or anything else. In other words, new credit can both delay and derail the underwriting process.
17 questions about experience and background
Here are 17 questions you may get during a mortgage underwriter interview that focus on your experience and background:
Here are 16 in-depth questions about being a mortgage underwriter that you may hear in your interview:
Here are three mortgage underwriter interview questions with sample answers for reference: