3.0 - 7.0 years

0 Lacs

karnataka

On-site

As a Mortgage Underwriter, your primary responsibility will be to review and analyze mortgage loan applications to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines in order to minimize risk factors. This includes reviewing all required loan data, reports, and inspections to ensure that the collateral meets investor and company standards. You will need to have a deep understanding of Lending & Underwriting Guidelines, Credit & Income Analysis, Cash Flow Analysis, Risk Assessment, Loan-to-Value Ratios, and Debt-to-Income Ratios. Your tasks will involve verifying loan, property, and borrower information, as well as conducting thorough reviews of borrowers" credit, capacity, collateral, and capital. You will be responsible for calculating the assets required for closing and reserve purposes according to guidelines. Additionally, you will be making independent decisions on loan acceptance and risk assessment based on HUD, company, and investor guidelines, providing final approval underwriting for mortgage loans, and ensuring all paperwork is completed accurately and in a timely manner. Collaboration with staff and management to find solutions for escalated loans, effective communication of underwriting decisions with processors and advisors, and maintaining a high level of customer service and communication with other departments will be essential aspects of your role. You may also be involved in making recommendations for improving Internal Audits policies and practices and managing loans using Encompass software. Overall, you will play a crucial role in the underwriting process, ensuring that loans meet the required criteria and guidelines while upholding high standards of accuracy, compliance, and risk assessment.,

Posted 3 days ago

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