Branch Underwriting - Manager

Role & responsibilities

• Candidate should be having experience in Mortgage underwriting of minimum 2-3 years.
• He/she should be well versed about Collateral underwriting with knowledge of Legal & technical aspects.
• Good & effective communication with all stake holders particularly with Colending bankers & Co-lending team at HO.
• Candidate needs to show results with effective follow up with team.
• Responsible for upholding the Piramal brand by preparing quality proof proposal document detailing the loan eligibility as underwriting/sanction procedure for approving/rejecting loan applications procured by Sales.
• Conduct meetings and personal discussion (PD) with customers to understand their business, profile and loan requirement, and visiting business premise, property and residence of customer at the time of PD
• Assess borrowers profiles, repayment capacity and income stability to understand credit worthiness of customer by analysis of all documents, observation & findings of PD
• Analyse all customer related information in line with credit & risk policy to check eligibility
• Understand actual business income & expenses (other than reported income) of customer
• Interpret results of financial analysis, banking analysis and bureau reports.
• Study, analyse and interpret legal & technical reports of property and other internal check reports
• Responsible for Underwriting and sanction of Home loan/loan against property files sourced by sales team and preparing the required proposal document detailing the loan eligibility
• Revert on post sanction conditions prior to disbursement based on queries raised by the team
• Provide recommendation on complex cases to supervisors for seeking necessary decision based on deviation/ approval matrix
• Co-ordinate and communicate with different departments
• Maintain TAT as per guidelines
• Adhere to the policy/ process laid out by the Central team on all loan applications being processed
• Closely monitor on non-starters/first EMI bounce trends
• Ensure compliance on all aspects stipulated by company and regulatory committees
• Maintain and report various MIS to monitor portfolio performance and risk
• Continuously improve underwriting capability based on portfolio performance