|
|
       CODE: 186.267-026 Buy the DOT:Download/CD-ROM
TITLE(s): UNDERWRITER, MORTGAGE LOAN (financial)
Approves or denies mortgage loans, following mortgage standards: Reviews and evaluates information
on mortgage loan documents to determine if buyer, property, and loan conditions meet establishment
and government standards. Evaluates acceptability of loan to corporations that buy real estate loans
on secondary mortgage markets, where existing mortgages are bought and sold by investors. Approves
or rejects loan application, or requests additional information. Records loan rejection specifying
investor and institution guidelines and basis for declining application, such as insufficient cash
reserves. Assembles documents in loan file, including acceptance or denial, and returns file to
originating mortgage loan office. May be authorized by federal agency to certify that mortgage loan
applicant and property qualify for mortgage insurance endorsement from federal government and be
designated Underwriter, Direct Endorsement (financial).
GOE: 11.06.03 STRENGTH: S GED: R5 M4 L5 SVP: 8 DLU: 89
ONET CROSSWALK: 21108 Loan Officers and Counselors
|
