- An underwriter is any party that evaluates and assumes the risk of the other party in relation to a payment.
- Underwriters work in many areas of finance, from the insurance industry to mortgage lending.
- Underwriters determine the level of risk for lenders.
- Underwriters are critical to the mortgage industry, insurance industry, equity markets and common debt trading because of their ability to identify risk.
- Bookrunner is another name for a lead underwriter.