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US Mortgage Underwriter
at Meraki Training Solutions in Karnataka
Job Designation: US Mortgage Underwriter
Experience: 4-5 years
Location: Mumbai Walkin drive on 12th, 13th, 14th 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, borrowersÂ’ information with other available documents - Verify borrower's monthly income and expenses - Verify other relevant sections.
Review all the documents related to borrowerÂ’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 AuditÂ’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 4CÂ’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.
Reference : US Mortgage Underwriter jobs
Reference : US Mortgage Underwriter jobs
Published at 27-02-2024
Viewed: 37 times
Viewed: 37 times