Underwriter

Description

Review loan file for compliance with all regulatory and client’s guidelines/overlays

Cite conditions for the missing documents in an effective manner.

Analyze income & employment, credit strength, capacity to repay, property appraisal, title report; calculate and analyze LTV/CLTV/HCLTV/DTI/HTI, check all other information relevant to the credit decision process on each mortgage application.

Analyze the risk involved in approving a loan to determine whether it is acceptable to the lender.

Audit the file from a closing & compliance standpoint on daily basis and note any exceptions.

Interpret state rules, statute laws, federal regulations & investor guidelines and apply them to specific loans.

Calculate all types of income (Wage earner/self-employment/Other income etc.).

Requirements

3+ years of live Mortgage Underwriting experience

Good decision maker in identifying all types of red flags and Approving or Denying the file accordingly.

Experience in end-to-end underwriting of Conventional loans.

Sound knowledge of Fannie Mae & Freddie Mac Guidelines.

Must have strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP).

Must have good working knowledge of all 4C’s of underwriting.

Ability to obtain and decipher AUS findings (DU and LP)

Good verbal and written communication skills

Experience in full origination mortgage processing, loan set up, loan documentation, closing, title, quality assurance, compliance, underwriting, or assisting with conventional first mortgage loan products

Working knowledge of various fraud tools.

Maintain a working knowledge of US Mortgage Originations, closing procedures, federal and state lending laws.

Benefits

MAx package offered for this position would be up to 10lpa + Night shift allowance 6k+ Incentives 10k+ per month.

Training + Development

Interview process

Visa Sponsorship

Security clearance