Walk-in drive at Bangalore office Live Underwriter/Sr Underwriter

Job Description

Job Overview: Underwriter Job Roles and Responsibilities: Candidate should have minimum 5 years of UW experience Well versed with FNMA. FHLMC and investor guidelines, able to review and locate exact guidelines for decision making Should have good analytical and problem-solving skills Manage end-to-end underwriting processes, primarily focusing on conventional loans, Closed End Second and VA IRRRL Accurately calculate different Income types such as Salaried, Self-Employment, other income and rental income for loan decisioning Should have decision-making skill when applying in business judgment based on Underwriting review 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, calculate HTI/DTI Complete review of Collateral and property valuation to identify physical and market conditions of property Assets verification includes borrowers bank account statement, retirement accounts, mutual funds and other investments. Identify red flags, large deposits, regular deductions on bank statement Apply expertise in the 4Cs of underwriting (Credit, Capacity, Collateral, and Capital) Evaluating evidence of borrowers willingness and ability to repay the obligation Good communication, Presentation skills, Self-motivated and hard working Able to review investor guidelines (Allregs FNMA & Freddie) and client overalls Qualification & Experience Educational qualification and years of experience required in any specific domain/skill for the role: Should have completed Graduation or equivalent degree Good UW knowledge Should have minimum 3-5 years of UW experience Should have good Written and verbal communication Skills