answersLogoWhite

Top Answer
User Avatar
Wiki User
Answered 2007-12-04 18:37:38

Mortgage underwriters typically make between 18 (low) and 35 (high) dollars per hour. The average underwriter makes around 25 per hour. Also some wholesale lenders also provide a monthly bonus if you meet your underwriting quota. FYI .... I left this industry despite the good pay because in this bad economy nobody is buying right now and as an underwriter I was laid off approximately 4 times in one year (i did contract underwriting). The field is so volatile you really can't depend on it to be your families only source of income. Hope this helps :)

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Related Questions


A mortgage underwriter is the person that approves or denies the mortgage loan based on credit, capacity, and collateral.


Determines if the borrower and property meet criteria to make a mortgage and at what rate and other terms.


To be a mortgage underwriter means that one determines if the risk of lending money to an individual is acceptable. Today, mortgage underwriter and banks use computer models to help determine this risk.



An insurance underwriter usually makes around 50,000 dollars a year. The salary will vary depending on who they work for.


No proof of income mortgages means a Self-Certified mortgage. A Self-Certified mortgage means that you do not want to tell the mortgage underwriter your exact earnings.


There are many occupations involving mortgage finance and many of them tend to branch off of one another. A few examples of such occupations include account manager, mortgage underwriter, mortgage loan officer, and sales manager.


At the time of the shooting, George Zimmerman was working as an underwriter for Digital Risk, a mortgage risk-management firm.


A Broker is NOT the same as and Underwriter (U/W). The Broker usually owns the mortgage company. He contracts with several companies to write loans for their companies. Once these loans are written and closed, the broker will receive compensation. The U/W is the person that reviews the loan documents for accuracy, insuring that all income and asset documentation is correct, and reviewing the appraisal for industry standards.


A mortgage lender or broker who approves or turns down loan applications based upon the quality of the real property, credit-worthiness and ability to pay according to the guidelines of the lender with regard to ratio of mortgage loan to value of property.


This will depend on the terms of withdrawal from the CD. Be prepared to provide those terms to the Underwriter. Normally it is allowable


What does an auto insurance underwriter do?


U should be able to go directly to the underwriter (whoever the master insurer is) e.q. Stewart, First American, Chicago....they should have a copy of your policy. Usually if you have a copy of your mortgage it should say in the legal description who the underwriter is.


It depends on how much money you are making. If you can comfortable afford to pay for a 15 year mortgage then you should do this. If you are going to be struggling to make the mortgage payment then you should get a 30 year mortgage.


All mortgage consultants are 100% commission. Based on your experience and book of business, you can make $25k or $200k, it's up to you.


It take several years to become an underwirter. Underwriter require high energy levels and strong communication and negotiation skills. I dont believe that you can work at home as an underwriter.


Online mortgage calculators are quite expensive. All online mortgage calculators prices differ depending on brand, make, model, their functions, and the year they were produced.


Mortgage brokers make money directly from the borrower via a fee of some kind or from the lender or from some combination of the two). Mortgage brokers are basically middlemen. The lenders quote a "wholesale" price for the loans to the mortgage brokers and allow them to determine how much to mark up the loan.


A mortgage processor will average around 36,000 dollars a year. Sometimes they receive a bonus based on how many loans they process.


No. The lender owns the mortgage. You can't make any changes.No. The lender owns the mortgage. You can't make any changes.No. The lender owns the mortgage. You can't make any changes.No. The lender owns the mortgage. You can't make any changes.



This is not determined by the number of payments you make, it is determined by how much equity you have in the home. If the home is worth more than the outstanding balance on the mortgage, you may be able to get a second mortgage or home equity line of credit.


The lead underwriter on the Compaq IPO was Morgan Stanley. It is an American multinational financial services corporation that served as lead underwriter for other large corporations.


Getting a mortgage if you are unemployed is pretty much impossible. Fortunately, there are some mortgage companies that offer unemployment insurance protection. However, you need to be employed first. If you attempt to get a loan without a job, it is pretty much impossible. If you were to get a mortgage, you would have to make a lot on unemployment insurance.


No. You are in debt as much as you still owe on the mortgage.



Copyright ยฉ 2021 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.