Underwriter

About company

ThoughtFocus helps forward-looking companies and organizations in the financial services, manufacturing, higher ed, public sector 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. With headquarters in the U.S., the Company has more than 3,000 employees in locations spread across five countries. For more information, please visit the company website www.thoughtfocus.com.

Processing

• Order Setup:

  Open new loan files in the Loan Origination System (LOS) and ensure accurate data entry.

• Document Collection:

  Gather borrower’s initial application, credit report, income, assets, and property documentation.

• Appraisal Management:

  Order and track appraisals to validate property value and condition.

• VOE & VOD Requests:

  Obtain Verification of Employment and Verification of Deposit.

• Document Follow-Up:

  Communicate with borrowers, loan officers, and third parties to obtain outstanding or missing documentation.

• File Assembly:

  Organize all required documents systematically for underwriting submission.

• Pre-Underwriting Review:

  Conduct a thorough review for accuracy, completeness, and potential red flags.

• File Submission:

  Deliver processed and validated loan files to underwriting.

Underwriting

• Loan File Review:

  Analyze borrower credit, income, assets, liabilities, and property documents against program/investor guidelines.

• Creditworthiness Verification:

  Ensure borrower meets eligibility and program requirements.

• Financial Calculations:

  Accurately calculate Debt-to-Income (DTI) and Loan-to-Value (LTV) ratios.

• Property Risk Assessment:

  Review appraisals for accuracy, value, condition, and marketability.

• Fraud/Risk Detection:

  Identify red flags, inconsistencies, and potential fraud indicators.

• Decision Making:

  Issue conditional approvals, suspensions, or denials based on file review.

• Condition Management:

  Work with processors and loan officers to communicate conditions and review additional documents.

• Final Approval:

  Issue final “clear-to-close” once all conditions are satisfied.