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Rainmaker
1,267,187
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Are you wanting to know about the underwriter position or that of a loan officer?  You could ask one of each out to lunch, do an interview and write an interesting blog post about it.

Mar 25, 2019 04:31 PM
Rainmaker
904,776
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Ask Jason E. Gordon he works with many.

Mar 25, 2019 04:45 PM
Rainmaker
3,137,107
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It is a high pressure job without matching reward!

Mar 25, 2019 03:20 PM
Rainmaker
674,388
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

They have a very challenging job in my opinion. They have to analyze a borrower financially, and determine how risky it would be for the investors to throw money into their project.

Mar 25, 2019 06:08 PM
Rainmaker
643,543
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I will let a mortgage underwriter answer that question...if one is watching.

Mar 25, 2019 03:49 PM
Rainmaker
995,326
Corinne Guest
Corinne Guest, Realtor | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

It's a boring job! Yes I did it. No thanks.

Mar 25, 2019 03:15 PM
Rainmaker
4,835,472
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

I have friends who are mortgage underwriters....and good ones!!!  they are very well protected from any abuse by agents.... they are sometime under pressure and other times, march to their own drummer....always looking for the "complete package"...

Mar 25, 2019 03:12 PM
Rainmaker
2,943,213
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

You need to ask a mortgage underwriter.

Mar 25, 2019 02:53 PM
Rainmaker
464,527
Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA
Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS

Essentially, a mortgage Underwriter is a forensic accountant who is bound by specific approval guidelines (Fannie/Freddie/HUD/VA, etc.). These Folks are supposed to simply "receive a file and let you know if you meet guidelines for approval." It's a highly skilled job, yet very stressful for the UW's in question. Imagine that on any day you come to work, you can be notified that a file you approved several months/years ago has gone into default, and that as part of an audit, it was determined that you missed something. You could literally lose your job on any day retroactive to a mistake made months/years ago. Pretty thankless job overall, but those who do it are unsung heroes.

Mar 25, 2019 08:33 PM
Rainmaker
795,828
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Ask an underwriter...we are Realtors.

Mar 25, 2019 05:51 PM
Ambassador
4,011,940
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Not sure if any of us would know that.

Mar 25, 2019 02:52 PM
Ambassador
3,153,934
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I am not one, nor have I ever been one!

Mar 25, 2019 09:36 PM
Rainmaker
1,554,349
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

No clue kennith Frazier but I can tell you a few of them are real pain in the butts.

Mar 25, 2019 07:20 PM
Ambassador
2,169,010
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Ask a mortgage underwriter.

Are you going to look up any of these questions up for yourself or do you expect everyone to give you the answers?

Mar 25, 2019 06:15 PM
Rainer
405,803
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

I am sure they like their job or they would not be doing it.  Just like being a Realtor-It is not for everyone.

Mar 25, 2019 06:07 PM
Rainmaker
1,204,273
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I know one who likes it.

Mar 25, 2019 04:56 PM
Rainmaker
4,280,959
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

You need to ask someone who is.  A

Mar 25, 2019 03:20 PM
Rainmaker
2,928,036
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

You have the power to ruin peoples days, ruin lifes and crush deals with the swipe of a pencil. You can ask for boxes of things you already got and get away with it. 

Mar 26, 2019 05:58 AM
Ambassador
1,598,443
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Just say no.

Mar 26, 2019 05:40 AM
Rainmaker
2,859,842
Richard Weeks
Dallas, TX
REALTOR®, Broker

REALTORS® respect them as much as they do IRS agents.

Mar 26, 2019 03:29 AM
Rainmaker
720,211
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Probably frustrating, trying to get all the pieces of required information from everybody so they can make an informed decision.

Mar 28, 2019 07:15 AM
Rainmaker
738,186
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Very much the same as being a comptroller or being the manager of a asset recovery company or living in a long country like Chile.

Mar 27, 2019 05:27 AM
Rainmaker
2,756,120
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I wish you all the best with your real estate studies.

Mar 26, 2019 11:58 AM
Rainmaker
387,530
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

He's the Wizard in the  Wizard of OZ

Mar 26, 2019 07:07 AM
Rainmaker
426,429
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

Try and see. Nevre been one and no desire to, but my opinion? Being able to say NO often and forcefully.

Mar 26, 2019 06:47 AM