Mortgage Underwriter

Selections HR Services Private Limited

2 years

0 Lacs

navi mumbai maharashtra india

Posted:1 day ago| Platform:

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Skills Required

underwriting risk assessment calculations evaluation compliance analyze creditworthiness valuation lending regulations certifications

Work Mode

On-site

Job Type

Full Time

Job Description

About the Role:

Mortgage Underwriter

Key Responsibilities:

Underwriting Activities:
Review, analyze, and approve/deny mortgage applications based on risk assessment and investor guidelines.
4 C’s of Underwriting:
Evaluate borrower’s
Credit, Capacity, Collateral, and Capital
to determine loan eligibility.
Income Calculation:
Assess borrower income using tax returns, W-2s, pay stubs, and financial statements.
Risk Assessment:
Analyze creditworthiness, property valuation, and overall lending risks to ensure sound decision-making.
Compliance & Quality Control:
Ensure adherence to federal, state, and investor regulations, maintaining high-quality underwriting standards.
Collaboration:
Work closely with loan officers, processors, and other stakeholders to streamline the underwriting process.

Requirements:

Experience:
Minimum 2 years in mortgage underwriting, preferably in US residential loans.
Certifications (Preferred):
DE (Direct Endorsement) for FHA loans, SAR/LAPP for VA loans.
Attention to Detail:
Strong analytical skills to assess financial documents and property risks accurately.
Communication:
Ability to articulate underwriting decisions effectively to internal teams and external stakeholders.

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