Live Underwriter (Full Time)

job 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)

• Experience

  4 - 10 Years

• No. of Openings

  25

• Education

  Post Graduate

• Role

  Underwriter

• Industry Type

  Accounting / Finance

• Gender

  [ Male / Female ]

• Job Country

  India

• Type of Job

  Full Time

• Work Location Type

  Work from Home