Underwriter

Company Description

ThoughtFocus helps forward-looking companies and organizations in financial services, manufacturing, higher education, public sectors, and emerging sectors innovate and achieve a better future faster. ThoughtFocus’ innovative and cutting-edge technology solutions enable its customers to deploy new capabilities faster, deliver better user experiences, and drive operating efficiencies. We do this through executional excellence and mitigating the risk of change. Headquartered in the U.S., ThoughtFocus has more than 3000 employees across five countries. For more information, please visit the company website www.thoughtfocus.com.

Role Description

This is a full-time on-site role for an Underwriter located in Mysore. The Underwriter will be responsible for evaluating and analyzing risks, reviewing insurance applications, assessing coverage, pricing risks, and determining conditions and terms of insurance policies. Tasks include conducting detailed research, preparing reports, and maintaining accurate records. The role involves collaboration with other team members to ensure precise and effective underwriting decisions.

Qualifications

• Play a pivotal role in the underwriting process, assessing the 4C’s (Credit, Capacity, Capital, and Collateral) documentation to determine loan eligibility in accordance with Fannie/Freddie and specific client protocols.
• For Credit assessment, scrutinized Credit Reports for Borrower identification, SSN validation, Credit Score, Public Records, recent Inquiries, Address Consistency within the last 24 months, and Additional SSN verification. Reviewed liabilities, checking for any mortgage delinquencies within the past 12 months.
• Evaluated Capacity to repay, analyzing Salaried, Self-Employment, and Other income sources. Salaried income computed from Paystubs, W-2, and Employment verification; Self-Employment income derived from Tax Returns (1040); Other income assessed through supporting documents.
• Assessed Capital, gauging the Borrower's overall financial robustness by verifying asset statements and calculating assets.
• Reviewed Collateral by examining appraisal reports to finalize the decision-making process.

Expected/Key Results

• Consistently ensure exceptional CSAT scores and other customer satisfaction indicators
• Maintain strict adherence to regulatory compliance standards and strive to attain exemplary quality scores.
• Consistently meet and exceed process-specific metrics while ensuring compliance with SOPs
• Adhere to schedules diligently to meet operational timelines effectively