Live Underwriter

Job Title : – Underwriter / Sr. Underwriters

Location : On-site – Bangalore

Employment Type : Full-Time (FTE)

Department : US Mortgage Loan Origination

Job Summary :

The Post Close QC Auditor will re-underwrite residential mortgage loan files for Pre-Funding and Post Closing audits to ensure accuracy of information and verify presence of all required documents in accordance with all agency and investor guidelines (FNMA HUD Freddie Mac VA and USDA). The QC Auditor will review documents that may include initial federal disclosures origination documents QC credit reports income and employment documents property documents such as purchase agreements title appraisals and property valuation loan-to-value ratios debt-to-income ratios and compliance documents to determine lenders adherence to all applicable agency guidelines as well as state and federal requirements.

Key Responsibilities :

• Analyze calculations and verifications of income & assets and evaluations of credit reports liabilities purchase contracts appraisals title commitments and other loan pertinent documentation to ensure all agency guidelines have been met.
• Recalculate income assets and DTI to ensure all eligibility and agency guidelines are met.
• Perform a post funding loan analysis to ensure that the loan documents origination underwriting eligibility and funding of loans were in accordance with company policies and procedures agency guidelines and state and federal regulations.
• Determine if proper procedures were followed in the origination underwriting and funding of the loans.
• Determine if the underwriter correctly calculated income and approved the loan in accordance with company policies and procedures as well as agency guidelines.
• Review loans for all red flags to ensure loans do not present fraudulent activity.
• Document findings in audit system with an accurate and detailed picture of the defect.
• Must be and stay current on all agencies state and federal guidelines and participate in on-going training as industry evolves.
• Manage time efficiently and prioritize workloads to meet strict deadlines while handling multiple tasks.
• Be flexible in the work environment.
• Conduct all activities and interactions in a professional manner.

Required Skills & Qualifications :

Key Skills

Loan Processing,Computer Skills,Fraud,Math,Banking,Pricing,Analysis Skills,Fair Housing Regulations,Underwriting,Financial Analysis,negotiation,Phone Etiquette

Experience : years

Vacancy : 1