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Ambassador
2,178,603
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

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
1,543,823
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Ask Jason E. Gordon he works with many.

Mar 25, 2019 04:45 PM
Rainmaker
5,216,409
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
1,052,211
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
1,311,397
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
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with 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
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

You need to ask a mortgage underwriter.

Mar 25, 2019 02:53 PM
Rainmaker
634,531
Jason E. Gordon
CMG Mortgage, San Diego, CA - San Diego, CA
Sr Loan Officer, CMA, CMPS, CDLP, CDRE, RCSD, CDPE

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
1,090,762
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Ask an underwriter...we are Realtors.

Mar 25, 2019 05:51 PM
Ambassador
6,393,494
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Not sure if any of us would know that.

Mar 25, 2019 02:52 PM
Ambassador
5,230,113
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

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

Mar 25, 2019 09:36 PM
Rainmaker
2,390,620
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

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
3,125,842
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

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
Rainmaker
536,943
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
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I know one who likes it.

Mar 25, 2019 04:56 PM
Rainmaker
5,772,575
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
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area 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
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Just say no.

Mar 26, 2019 05:40 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

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

Mar 26, 2019 03:29 AM
Rainmaker
900,128
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
921,504
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
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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

Mar 26, 2019 11:58 AM
Rainmaker
469,510
Dan & Laurie Pittsenbarger Team
Keller Williams Western Realty - Bellingham, WA
Lakeside & Coastal Single Family Homes

He's the Wizard in the  Wizard of OZ

Mar 26, 2019 07:07 AM
Rainmaker
644,025
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