Andrew Cooper (Other)

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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

Yes and Yes. This is process where the lender evaluates the risk of a loan to determine whether a loan application is acceptable or not. There are many factors involved including credit history, collateral, and income vs debt ratios. 

This, however, is not something you as an agent will be involved with. You need to focus on learning to become competent at the many duties of an agent. 

Feb 22, 2019 02:52 AM
Debe Maxwell, CRS | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Every one that I've ever seen has had an underwriter who works for the same company the lender hangs their license!

Feb 21, 2019 09:44 PM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

The underwriter works for the investors who are actually going to loan the money. The lender facilitates that loan but is not always the one with the money.

With a private lender, an underwriter might not be necessary. If I loan you money to buy a house, I would underwrite it myself by reviewing the value of the property, its condition, how likely I am to get it back in default.

In other words, to assess risk.

Underwriters nowadays are also often computers!

Feb 22, 2019 05:25 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Double Yup

Feb 22, 2019 08:21 AM
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

Here you go:


Feb 22, 2019 07:11 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Yes in both cases.

Feb 22, 2019 07:16 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Carol Williams and Candice A. Donofrio have you covered.

Feb 22, 2019 07:11 AM
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

Yep, the underwriter is working for the lender. In my opinion, the key to finding a good loan officer is one that knows how to package the loan so when it gets to their underwriting department - it goes through smoothly and gets approved without a lot of requests from underwriting for more data which can get frustrating for the borrower and affect how they feel about the overall transaction. A smooth loan process is all in the packaging. And as an agent you will want the process to be smooth and on time or you run the risk of an unhappy client in the end even though you did all of "your duties" perfectly.

Feb 22, 2019 05:57 AM
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Yes, damn them. The paper gatherer in the loan process sends to underwriter who stamps her/his approval on that loan. They are the person that actually grants the loan not the loan officer.

Feb 22, 2019 05:42 AM
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

The underwriter works for the money provider who is not necessarily the lender. The lender might arrange the loan but not provide the funds which is usually the case with mortgage brokers. And a third company might handle the mortgage payments over the life of the loan.

Feb 22, 2019 04:48 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

In short there is a loan officer know as the mortgage originator. They take the application and it is sent to the porcessor. Once the loan package it is complete, it is always sent to an underwriter for final approval. NOW, in the modern age like now, there is also desk top underwriting where those with perfect credit and within the criteria can be approved by computer. For those that are not approved by said computer, the human under writer will seek additional information from the buyer

Feb 22, 2019 04:44 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes and yes.

Feb 22, 2019 01:04 AM
Peter Testa
Nationwide Homes - Danbury, CT

The Underwriter is employed by the lender. 

Feb 21, 2019 09:48 PM
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Part of the mortgage process involves underwriting the loan so there will be an underwriter on every loan and the underwriter works for the lender.

However, that is not something you need to worry about...the broker or banker who is handling the loan will deal with the mortgage process. Your role is to know and understand your role as a REALTOR® and do the best possible job for your client/customer.


Feb 21, 2019 10:06 PM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good luck with your studies.

Feb 22, 2019 09:44 PM
Ryan Huggins - Thousand Oaks, CA - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes and yes.  The underwriter makes sure that the risk involved with lending the money is minimal.  I once had one with Chase bank ask me to write a letter explaining why someone looked at my credit.  The funny/sad part was, they wanted me to explain why they (Chase Bank Mortgage Services) looked at my credit!!!!


At that point I declined and went with another lender (this was month 3 of the painful process with Chase).  The other lender got it done in a couple weeks.

Feb 22, 2019 09:02 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Yes - and it is always a good idea to get underwriting approval on a loan before finding a home and making an offer.  Not all lenders do this. Big Bad Banks typically won't 

Feb 22, 2019 07:29 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker

Pretty much unless it is a seller finance loan.

Feb 22, 2019 06:56 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Carol Williams has the answer.

Feb 22, 2019 06:39 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

The underwriter always works for the lender.  But, is not always required.

Feb 22, 2019 05:38 AM
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Yes they are ever-present and they work on behalf of the lender.

Changes brought into the industry since Bank of America caused the 2008 crash, has imposed a great deal more accountability on the underwriter. If a loan goes bad, they don't get off unscathed. So, there is a real purpose for them to not only protect the bank but to play a good CYA game too

Feb 22, 2019 04:08 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Some lenders have desktop underwriting that is automated. If it is approved it moves on. If not, a individual underwriter will get involved. It is up to the lender.

Feb 22, 2019 03:51 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Yes and yes. And the appraiser, as well.

Feb 22, 2019 11:54 AM
John Juarez
The Medford Real Estate Team - Fremont, CA

Yes and Yes.

The underwriter is the one who approves or declines the loan.

Feb 22, 2019 08:05 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Underwriters have the final say and follow the banks guidelines. 

Feb 22, 2019 06:49 AM
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Andrew you are digging deep and will be a great agent. If you have more lending questions and just want a fast answer feel free to call me

Lenders are all different

Banks have an in house employee (often a woman who has worked her way up from processing, audit, funding departments) who Underwrites loans. They review all the paperwork documentation on income, assets, credit, property... and more and dig around to find out the truth. they find NSF's on bank statements and google search business address etc

Mortgage bankers also have in house Underwriters

Some mortgage brokers broker the loan to a private company that can have an in house employee OR they give to contract Underwriters who may work on per file basis being paid for each file for many companies

The Underwriter is the gatekeeper, snoop dog, digger of truth


DU deaktop Underwriter (for Fannie Mae loans) and LP Loan Prospector for Freddie MAc are automated computer Underwriting systems. Sales person (loan originator or loan officer etc) runs the DU or LP of a file BEFORE sending to a human Underwriter to find out where flaws may fall or if the file fits the product desired

Feb 22, 2019 04:00 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes. Your trusted local mortgage loan officer will help you learn about the process.

Feb 22, 2019 11:06 AM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Local banks often grant mortgages using their own money...they keep those mortgages in-house....not sold on the secondary mortgage market.... I loved dealing locally with self employed's and those who needed to have the builder hold a second mortgage....  there was flexibility...

Feb 22, 2019 08:17 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Yes and yes.

Mar 07, 2019 05:13 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel


Feb 24, 2019 06:50 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Loan, underwriter always.


Feb 23, 2019 02:30 PM