Mortgage Underwriter

Also called: Loan Underwriter

Reviews home loan applications and decides whether the bank should approve them.

A day in the life

You review 8 loan files a day, verify income, question a large unexplained deposit and approve or deny each one.

Pay over a career

Starting
$48k
Typical
$75k
High
$110k

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

High school diploma, about 2 years after high school. High school diploma or bachelor's; experience as a loan processor.

Ways in: On-the-job training, 4-year college. Training cost: Under $15k.

Majors to look at: Finance.

Outlook

Shrinking. Automated underwriting is reducing demand.

Will it last? Our AI estimate

High risk for 10 years. Fannie and Freddie automated systems plus AI document reading already decide most files; humans review only the hard exceptions.

Start now, in high school

Classes: Accounting, Personal finance, Algebra II, Computer applications.

Official data: O*NET occupation 13-2072.

More Banking & Lending careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.