Senior Mortgage Underwriter

Underwriter and Sr Underwriter

Experience required for the Job: 3+ years

Job Location: Chennai

Key skills: Underwriting, US mortgage

Position Overview

Candidate should have total 3+ years of US mortgage underwriting experience

· Well versed with FNMA. FHLMC, knowledge of GNMA and investor guidelines is an additional benefit

· Should have good analytical and problem-solving skills

· Should have decision-making skill when applying in business judgment

· Evaluate complete loan documents and should provide approval or denial decision

· Complete review of credit report to verify trade lines, derogatory accounts, public records and credit reconciliation

· Thorough income calculation – Salaried income, business income, retired other income and rental income

· Complete review of Collateral and property valuation

· Assets verification include borrower’s bank account statement, retirement accounts, mutual funds and other investments.

· Credit analysis based on borrower’s Income, Asset, Liability and Collateral (4C of Underwriting) to determine the credit worthiness of a customer

· Validating and processing the Loan documents on behalf a Mortgage lender organization.

· Evaluating evidence of borrower’s willingness and ability to repay the obligation

· Good communication, Presentation skills, Self-motivated and hard working

About you:

• Minimum 3 years of Underwriting experience in US Mortgage.

• Sound knowledge of US Residential mortgage

• Exposure of Underwriting processes & guidelines.

• Excellent critical thinking, problem solving and sound judgment. Analysis and Calculation of qualifying income from Salaried various tax documents such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, etc.

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