Will My Mortgage Underwriter Job Last?
Mortgage UnderwriterOverall Assessment
Mortgage underwriting is being automated rapidly. AI systems can approve standard loans without human intervention. Remaining underwriter roles focus on complex files, exceptions, and portfolio risk management.
Task Automation Timeline
3 Years
50%
tasks automated
5 Years
65%
tasks automated
7 Years
75%
tasks automated
Routine Task Automation
75%
Standard mortgage decisions are AI-automated.
Complex Task Automation
40%
Exception handling and complex files still need humans.
Job Market Outlook
-30%
Significant reduction as AI handles standard underwriting.
Wage Pressure
45%
Volume-based compensation declines with automation.
Reskill Urgency
70%
Must specialize in complex files or transition now.
Steps to strengthen your position
- 1Specialize in complex commercial or jumbo loans
- 2Develop risk management and portfolio analysis skills
- 3Consider transitions to credit risk or loan review
- 4Learn the AI systems to supervise their decisions
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