Live Underwriting - US Mortgage

Job description:

A Mortgage Underwriter plays a crucial role in the mortgage lending process by assessing the

creditworthiness and risk profile of potential borrowers. The position involves analyzing financial

information, reviewing loan applications, and making informed decisions to approve, conditionally

approve, or deny mortgage loans. This role ensures that all loans meet the company's lending

standards and regulatory requirements.

Key Responsibilities:

Loan Application Review:

➢ Analyze 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.

➢ Analyze 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.