US mortgage income calculation

This role is for one of the Weekday's clients

Due Diligence - Income Calculation

Requirements

Key Responsibilities

• Review and analyze residential mortgage loan applications to ensure completeness, accuracy, and compliance with underwriting guidelines
• Verify borrower income using tax returns, pay stubs, W-2s, bank statements, and other supporting financial documents
• Assess employment stability, credit history, debt obligations, and overall borrower risk profile
• Calculate and validate key financial ratios such as Debt-to-Income (DTI) and Loan-to-Value (LTV)
• Evaluate credit reports to determine borrower creditworthiness and identify potential risk indicators
• Review appraisal reports to confirm property valuation accuracy and alignment with loan requirements
• Ensure all loan files adhere to regulatory standards and internal policies before approval
• Identify discrepancies or missing information and coordinate resolutions within required timelines
• Accurately document findings and updates using mortgage processing systems and financial tools
• Maintain high productivity and quality standards while meeting tight turnaround times
  

What Makes You a Great Fit

• Bachelor's degree in any discipline, with a strong foundation in finance, operations, or analytics
• 2-5 years of experience in mortgage processing, underwriting, or income calculation roles
• Solid understanding of mortgage industry regulations, underwriting guidelines, and compliance requirements
• Strong analytical and problem-solving skills with the ability to interpret financial statements and credit reports
• Exceptional attention to detail and accuracy when working with financial and borrower data
• Proficiency in mortgage processing software, financial systems, and Microsoft Office tools
• Strong communication and coordination skills to work effectively with cross-functional teams
• Ability to manage workload efficiently, prioritize tasks, and perform well under pressure
• Willingness to work night shifts in a full-time, operations-focused environment
• Mortgage underwriting or related certifications are an added advantage