4 - 6 years
5 - 12 Lacs
Posted:2 days ago|
Platform:
Work from Office
Full Time
Underwrites complex residential mortgage loans and evaluates risk while ensuring the quality of each loan submitted
Senior level loan decision authority, reviews and underwrites most complex portfolio loans – CEMA, Med/Pro, Construction, Jumbo and Wealth
Approves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policies and procedures within risk tolerance
Independently considers, recommends and discusses alternative structures and overall assessments
Evaluates all documents and conditions loan accordingly
Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation; clears or resolves any issues
Escalates integrity issues as appropriate and ensures files are compliant to internal guidelines and external regulatory requirements
Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements.
Indirect supervisory authority; coaches and mentors junior underwriters; assists with training and assesses analysis prepared for accuracy and compliance with policy, guidelines and procedures in all prepared loan recommendations to arrive at an appropriate credit decision
Obtains and reviews financial information and provide in-depth credit analysis practices
Acts as a subject matter expert in the most complex lanes or work
4 Year Degree or equivalent experience preferred
5-7 Years of related experience
Strong knowledge of local market sector and industry trends
Ability to understand and interpret real estate appraisals
Ability to identify, analyze and mitigate project risks
Advanced written and verbal communication skill
General knowledge of Microsoft Office Suite
Strong interpersonal and negotiation skills
Strong Focus on documentation and risk management
Demonstrated ability to complete complex tax return analysis to determine cash flow income
History of underwriting complex jumbo loans in addition to thorough knowledge of agency guidelines
Basic Qualifications
Must be detail oriented organized and work efficiently under pressure.
Excellent written and oral communication skills.
Strong organizational and analytical skills.
Willingness to work from the office during night shifts including rotational shifts.
Certification in MS Excel or related data analysis tools is preferred.
Job Location: Hyderabad / Chennai .
Cognizant
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