4C Underwriter - US Residential Mortgage - Chennai

Job Title

3-8 yrs of experience in US residential mortgage, Underwriter industry regulations and procedures.

Income Calculation:

• Analyse borrower income using pay stubs, W-2s, tax returns (1040), and verification of employment
• Calculate income for salaried, hourly, self-employed, commission, bonus, and overtime borrowers
• Perform YTD, average, and trending income calculations
• Review tax schedules (Schedule C, E, K-1) for self-employed income
• Identify income stability, continuity, and red flags as per guidelines
• Ensure compliance with FNMA (Fannie Mae), FHLMC (Freddie Mac), FHA, VA, and USDA guidelines
• Document income calculations clearly for underwriter review
• Maintain quality standards, TAT, and SLA requirements

Loan Application Review:

• Analyse and verify loan applications, ensuring all required documents are complete and accurate.
• Assess the borrower's credit history, employment, income, and debt levels.
• Confirm the property's value through appraisal reports.

Credit and Financial Analysis:

• Evaluate credit reports to determine the borrower's creditworthiness.
• Analyse financial statements, tax returns, pay stubs, and other income documentation.
• Calculate debt-to-income (DTI) ratios and loan-to-value (LTV) ratios. Property Valuation Review:
• Review appraisals and alternative value products for conformity to client-specified requirements to assess the accuracy of the property valuation.

Compliance and Risk Assessment:

• Ensure loans comply with all federal, state, and local regulations.
• Adhere to company policies and guidelines.
• Identify potential risks and assess the overall risk level of the loan.
• Excellent analytical and problem-solving skills.
• Detail-oriented with exceptional organizational abilities.
• Proficiency in using mortgage processing software and financial tools.
• Effective communication and interpersonal skills.

Interested candidate can share updated resume to brindha@gojobs.biz