Senior Underwriter/ Underwriters Moder Solutions

2.0 - 7.0 years

7 - 16 Lacs

bengaluru

Hybrid

Job Overview: The Conventional Underwriter reviews, conditions and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness. 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 • Minimum 3 years of experience in conventional/govt end to end underwriting. • Well-versed with all 4Cs of Underwriting (Asset, Income, Credit and Collateral)

Posted 1 week ago

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Hiring 4Cs - Underwriters - WFH 12 LPA! Apply now JobShop

3.0 - 8.0 years

5 - 12 Lacs

chennai, bengaluru, mumbai (all areas)

Work from Office

Send your CV - owaiz.sait@jobshop.ai Underwriter and Sr Underwriter Experience required for the Job: 3+ years Job Location: Mumbai/Chennai/ Bangalore/ Hyderabad Key skills: Underwriting, US mortgage Position Overview Candidate should have total 3+ years of US mortgage underwriting experience Well versed with FNMA. FHLMC, knowledge of GNMA and investor guidelines is an additional benefit Should have good analytical and problem-solving skills Should have decision-making skill when applying in business judgment Evaluate complete loan documents and should provide approval or denial decision Complete review of credit report to verify trade lines, derogatory accounts, public records and credit reconciliation Thorough income calculation Salaried income, business income, retired other income and rental income Complete review of Collateral and property valuation Assets verification include borrowers bank account statement, retirement accounts, mutual funds and other investments. Credit analysis based on borrowers Income, Asset, Liability and Collateral (4C of Underwriting) to determine the credit worthiness of a customer Validating and processing the Loan documents on behalf a Mortgage lender organization. Evaluating evidence of borrowers willingness and ability to repay the obligation Good communication, Presentation skills, Self-motivated and hard working Job Benefits Salary upto 12LPA (depending on the Last drawn salary) Joining bonus of 1 Lakh if candidates can join within 30 days Notice period buyout option available Work from home opportunity (candidate can be located anywhere in India) Send your CV - owaiz.sait@jobshop.ai

Posted Date not available

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