Underwriting Executive Female Graduate Jobs in Mumbai

Job profile Assisting in developing the underwriting guidelines for each product to achieve profitability. Aiding in carrying out regular market mapping to gain maximum market share along with maintaining profitability. Underwrite transactions authority limits within defined TATs Recommend decisions for transactions beyond authority limits Appropriate & timely resolution of escalations Market mapping of UW guidelines Identify the process lapses Coordinate with IT/Support functions for rectification Review Underwriting guidelines periodically Stay abreast with newer UW processes/suggest improvements in UW Branch visits, update sales team latest changes in the UW requirements Acquire required technical qualification and training. Update and provide guidance to the New Joiners about the Internal as well as external processesTechnical skills: Retail Underwriting, UnderwritingSoft skills: Good communication skills, problem solving, interpersonal skills, analytical thinkingEducational Qualification: Any graduateExperience: 8-10 years of team handling

Job profile Assisting in developing the underwriting guidelines for each product to achieve profitability. Aiding in carrying out regular market mapping to gain maximum market share along with maintaining profitability. Ensure seamlessness across different functions on which the teams deliverables are dependent. Handling Customer grievance in view of miss-selling Technical System dependency in achieving the targeted TAT Underwrite transactions authority limits within defined TATs Recommend decisions for transactions beyond authority limits Appropriate & timely resolution of escalations System Requirements to be understood thoroughly Assisting in carrying out UAT to ensure the correct delivery of requirements Due diligence and scrutiny to maintain controlled loss ratios & rejection percentage Tasks/Projects to improve process efficiency & productivityTechnical skills: Retail Underwriting, UnderwritingSoft skills: Good communication skills, problem solving, interpersonal skills, analytical thinkingEducational Qualification: Any graduateExperience: Minimum 2 years of experience is required

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 borrowers 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 Audits 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 4Cs of Underwriting (Asset, Income, Credit and Collateral) US Mortgage Process (Only Night Shifts)