Us Mortgage Underwriter

Job Designation: US MortgageUnderwriter

Experience: 4-5 years

Location: Pune Walkin drive on 20th & 21st Jan

Work Timings: Remote (Full Time), Work from Home

Contact:+91 7411978909

Skill Set: 4C's framework, Live Underwriting, Income Calculation, Debt-to-Income (DTI) Ratio Calculation, Underwriting

Joining: Immediate Joiner

Qualification: Graduate

Roles and Responsibilities:

Review and analyse the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.

• Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor and the company.
• Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis | Risk Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios.
• Review Initial application - Verify loan, property, borrowers’ information with other available documents - Verify borrower's monthly income and expenses - Verify other relevant sections.
• Review all the documents related to borrower’s Credit, Capacity, Collateral and Capital.
• Calculate asset required for closing and reserve purpose for the transaction (as per guideline)
• Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
• Provides final approval underwriting of mortgage loans.
• Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.
• Sign off conditions in a timely manner set by management.
• Work with staff and management to find solutions on escalated loans.
• May be requested to make recommendations for improving Internal Audit’s policies and practices.
• Manage loans by using all functions of Encompass.
• Effectively communicate underwriting decisions with processors and advisors
• Maintain high level of customer service and communication with other departments.
• Other duties as assigned.

Qualification & Experience:

• Degree or Equivalent
• Recent 2+ years of experience in Live Underwriting.
• Minimum 4 years of experience in conventional/govt end to end underwriting.
• Well-versed with all 4C’s of Underwriting (Asset, Income, Credit and Collateral)
• US Mortgage Process (Only Night Shifts)
• Remote.

Required Skills:

• Candidate must have experience in live underwriting, Real Time Analysis.
• Excellent at Income Calculation and Debt-to-Income(DTI) Ratio Calculation.
• Expertise in 4Cs framework (Credit, Capacity, Collateral and Capital),
• Familiar in Credit report Analysis & LOX (Letter of Explanation).
• Knowledge on Residential Mortgage- Credit Bureau, Documents to approve the loan, Familiar with different account types.

Job Type: Full-time

Pay: ₹800,000.00 - ₹1,200,000.00 per year

Schedule:

• Night shift

Application Question(s):

• How many years of experience do you have in US Mortgage Underwriting?

Experience:

• total work: 4 years (Preferred)

Shift availability:

• Night Shift (Required)

Work Location: Remote

Speak with the employer
+91 7411978909