2.0 - 6.0 years

0 Lacs

gandhinagar, gujarat

On-site

You should have a solid background with more than 3 to 5 years of experience in the US Mortgage Industry, with a minimum of 2 years specializing in core Underwriting. It is essential that you are well-versed in all 4 Cs of Underwriting and possess a deep understanding of Non-Agency/Non-QM (Jumbo loans) underwriting guidelines, demonstrated through at least 1+ years of experience in Manual underwriting. Additionally, familiarity with major Non-QM lenders" guidelines such as Chase, Wells Fargo, US Bank, etc., as well as Bank statement only programs and asset-based income programs, will be advantageous. A comprehensive knowledge of Agency guidelines for Conventional loans (FNMA & FHLMC), FHA, VA, USDA, etc., will also be beneficial. You should have a detailed understanding of Mortgage documents, including Income, Credit, Asset, Appraisal, and other underwriting and compliance documents, as well as the ability to calculate income, LTV, and DTI ratios. Experience with multiple mortgage processing software like Encompass and Empower is preferred. Strong communication skills, both written and oral, along with excellent interpersonal skills are required. You should possess strong problem-solving and analytical abilities, the capacity to work independently with minimal supervision, and proficiency in MS Outlook and Office applications. Moreover, you must be capable of conducting research to provide accurate resolutions to queries and escalations. Your responsibilities will include conducting Live/Post Close Manual Underwriting/QC of loan files in accordance with Fannie Mae, Freddie Mac, Client/Investor (Chase, Wells Fargo, US Bank, etc.) guidelines. This involves reviewing borrower profiles, assessing credit, income, assets, collateral, compliance, and other lending risks to make informed approval/denial decisions based on the provided information. You will evaluate various types of incomes, creditworthiness, subject property acceptability, asset documents, and other underwriting-related documents to ensure compliance with State and Federal laws. Furthermore, you will identify derogatory events/accounts associated with borrowers, provide recommendations based on loan reviews, maintain necessary reports, and offer training and assistance to junior team members.,

Posted 1 month ago

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Lead Associate - Transactional Quality - Chennai - DLF Vuram

2.0 - 3.0 years

2 - 3 Lacs

Chennai, Tamil Nadu, India

On-site

Knowledge of mortgage underwriting and Agency automated underwriting systems Demonstrate a full understanding of agency guidelines as well as posted lender internal guidelines Review all mortgage applications and documentation for accuracy and completeness Review and complete a full analysis of all types of income (Self-Employed, Rental, Wage, etc.), assets, liabilities, credit, and collateral Analyze credit, income, and assets on a loan-by-loan basis to properly assess individual risk and promptly provide underwriting decisions to Mortgage Originators Review property documentation including title commitments, sales contracts, insurance, and flood determinations Maintain a well-developed knowledge of loan product guidelines and industry regulations, including assisting in the prevention, detection, and resolution of mortgage fraud Review and analyze appraisals for value and compliance with industry requirements Independently make sound decisions based on the creditworthiness of applicants, following established underwriting guidelines, policies, procedures, and experience Provide exceptional customer care (both internal and external) to build customer loyalty Maintain confidentiality of all customer and employee information Respond positively to feedback and redirection Fully utilize systems, tools, training, and resources provided to maximize potential Assist other departments as needed Meet daily production targets Meet daily SLA requirements Meet daily quality requirements Qualifications : Education : Bachelor's degree in any stream Experience : 2+ years of increasingly responsible experience in related areas Experienced mortgage professional with 23 years in mortgage underwriting Complete understanding of Conventional, FHA, and VA underwriting guidelines Working knowledge of real estate lending criteria and compliance with federal, state, and agency requirements Ability to multi-task and manage time efficiently Strong organizational skills, attention to detail, and proficiency in Microsoft Office Good analytical and problem-solving skills Strong verbal and written communication skills Highly adaptive and open to changes as organizational needs evolve

Posted 2 months ago

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