A professional who approves or denies mortgage loans, following mortgage standards. Responsibilities include:

• Reviews and evaluates information on mortgage loan documents to determine if buyer, property, and loan conditions meet establishment and government standards.
• Evaluates acceptability of loan to corporations that buy real estate loans on secondary mortgage markets, where existing mortgages are bought and sold by investors.
• Approves or rejects loan application, or requests additional information.
• Records loan rejection specifying investor and institution guidelines and basis for declining application, such as insufficient cash reserves.
• Assembles documents in loan file, including acceptance or denial, and returns file to originating mortgage loan office.
• May be authorized by federal agency to certify that mortgage loan applicant and property qualify for mortgage insurance endorsement from federal government and be designated Underwriter, Direct Endorsement.