Remote Underwriter jobs
5 open positions in the United States, newest first.
Underwriters decide whether an insurer or lender should accept a risk and on what terms. In insurance they evaluate applications for coverage and set price and conditions; in mortgage and commercial lending they verify that a borrower and the collateral meet credit guidelines. Either way they weigh documents and data against written rules and exercise judgment where the rules run out.
About the Underwriter role
What the work looks like
- Review applications and supporting documents such as financial statements, loss histories, appraisals or credit reports.
- Analyze the risk against underwriting guidelines and investor or reinsurer requirements.
- Approve, decline or modify submissions and set pricing, limits or conditions within delegated authority.
- Explain decisions and outstanding requirements to brokers, agents or loan officers.
- Document the rationale for each decision so that files withstand audit and regulatory review.
What employers ask for
- Risk and credit analysis
- Underwriting guidelines such as agency mortgage standards or carrier manuals
- Financial statement and income analysis
- Automated underwriting and policy administration systems
- CPCU designation or government loan underwriting approvals
- Regulatory compliance and fair lending rules
Doing this job remotely
Underwriting files are digital, and both insurers and lenders employ large numbers of home-based underwriters. Production standards apply, with files to be decided within set turnaround times, and volume in mortgage lending rises and falls sharply with interest rates. Commercial and specialty insurance underwriters also visit brokers and insured sites, and employers require secure equipment because files contain personal financial data.
Where it comes from and where it leads
Underwriters begin as underwriting assistants, loan processors or trainees in a carrier's program and gain decision authority in stages. Senior underwriter, underwriting manager, chief underwriting officer and credit risk management are the usual destinations.