AddressJob Brief
We are seeking an experienced Associate/Lead Associate in Mortgage Underwriting who will play a pivotal role in determining the eligibility of loan applicants and authorizing purchases through re-underwrites for lenders. Your responsibilities will include analyzing and verifying loan applications, evaluating financial risks, and making final decisions on eligibility. Working collaboratively with a team of financial experts, you will be instrumental in accepting or declining different types of loans.
Roles and Responsibilities:
- Problem-solving ability by connecting the dots across the loan documentation.
- Perform end-to-end risk analysis of a loan file.
- Evaluate loan risk through the verification of loan applications.
- Maintain a thorough working knowledge of industry standards and guidelines.
- Ability to interpret and take action for any guideline changes.
- Reviewing and responding to loan conditions as necessary.
- Ensuring compliance with regulatory standards.
- Perform other duties as assigned by Management.
- Meet daily targets and all SLAs as communicated.
Requirements:
- Graduate in any discipline.
- At least 2-5 years of relevant experience in the underwriting process.
- General knowledge of Fannie Mae, Freddie Mac, FHA, and VA guidelines is a plus.
- Detail-oriented.
- Adhere to strict timelines prescribed by Management and provide the review experience working in a production environment preferred.
- Good verbal and written communication skills.
- Should have good analytical skills and the ability to make decisions based on facts.
- Competent with MS Office applications, LOS, LMS, and Selling guide navigation.
- Knowledge of standard mortgage nomenclature.
- Shift: Should be flexible with both day and night shifts and okay to work over the weekends if required.
