Pros
With the hours worked and bonuses senior underwriters can make above 6 figures.
Cons
No work life balance. Underwriters are on the phones taking and making calls like a call center and expected to underwrite loans with no errors. Process changes are made that don’t increase productivity but make the job harder. These processes changes are put in place to cause you to make lower monthly bonuses. If you have kids or a family not the job for you because you will work long hours each day just to meet their minimum requirements. As an underwriter you are expected to answer your phone whenever it rings even if you are in the middle of underwriting a loan. You will get a ton of calls from partners daily on your loans and other team members loans as no call can go unanswered. This is the most stressful job and so many underwriters with tenure are quitting and going else where weekly. Many underwriters are going on FMLA leave or are on some type of depression medication just to cope with this job. I don’t know who is falsely rating this company but it is not a good place to work for an underwriter.