MORTGAGE UNDERWRITER [75FIN]

Closing on: Dec 31, 2021

Exp-Minimum 3 Years, Salary-Upto 6 to 9 (LPA)

Loan Setup SME

  • Completes a thorough analysis of loan files to determine compliance with company, investor, and FHA/VA guidelines.
  • Develop and maintain knowledge of multiple loan product guidelines for quick and accurate answers
  • Accurately calculate borrower’s income and debt-to-income ratios.
  • Analyzes credit, income, tax returns, assets and appraisals; determine the borrower’s credit worthiness and ability to repay the loan as agreed for the terms requested
    Mitigates bank risk by conducting a thorough and prudent review of each loan file; dispositions loans within bank issued underwriting authority limit
  • Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an “investment” quality loan product.
  • Checks accuracy of all calculations and data integrity. – Completion of all required underwriting worksheets
  • Assists with the training of new underwriters. – Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.
  • Maintains company standard for productivity level and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.
  • Strives to meet 4 decisions/day within allotted time – Communicates decision on loans to appropriate parties both verbally and in writing.
  • Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
  • Available to processors and correspondents for general guideline interpretations and questions on specific loan files.
  • Responds to post closing reviews and audits in a timely fashion.
  • Performs related duties, as directed by Underwriting or Operations Manager.

Education:

  • Graduate

Required Knowledge

  • Excellent Communication & Email Skills
  • Basic mathematical knowledge; ability to add, subtract, divide and multiply.
  • Knowledge of personal computers and applicable software. (Microsoft Office, Point, and Excel).

Experience Required

  • 3+ years’ experience as an Underwriter in a similar model including multi-state experience.
  • Experience with both refinance & purchase preferred.
  • Strong working knowledge of FNMA, FHLMC and Government Loans guidelines.

Skills

  • Strong aptitude for detail, accuracy, and organization
  • Ability to prioritize and multi-task with ease
  • Excellent interpersonal, written, and verbal communication skills
  • Ability to work in a high-volume environment
  • 4 years of recent related mortgage experience
  • Encompass loan origination system experience

Night Shift, Immediate joiner

Job Category: Finance
Job Type: Full Time
Job Location: Bangalore Mumbai

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