interview report of an underwriter
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Underwriters are responsible for deciding whether or not to accept applications for insurance cover – this is known as 'risk'. ... The underwriter must ensure that accurate quotes are produced that are competitive to the customer, yet profitable for the company.
Mortgage underwriting is a process in which the lender uses to access risk and ensure a borrower meets all of their minimum requirements for a home loan. ... The loan officer will build a file for the borrower including all required documents which is turned into the underwriter for the final loan approval.
There are three main types of commitment by the underwriter: firm commitment, best efforts, and all-or-none. In a firm commitment, the underwriter fully commits to the offering by buying the entire issue and taking financial responsibilities for any unsold shares.