Senior Mortgage Credit Analyst

Senior Underwriter

Experience required for the Job : 4+ years

Job Location : Chennai

Key skills : Residential Underwriting, US mortgage

Position Overview

• Candidate should have total 4+ years of US mortgage underwriting experience.
• Sound knowledge of US Residential mortgage .
• Exposure of Underwriting processes & guidelines.
• Excellent critical thinking, problem solving and sound judgment. Analysis and Calculation of qualifying income from Salaried various tax documents such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, etc.
• Well versed with FNMA. FHLMC, knowledge of GNMA and investor guidelines is an additional benefit
• Should have good analytical and problem-solving skills
• Should have decision-making skill when applying in business judgment
• 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
• Thorough income calculation – Salaried income, business income, retired other income and rental income
• Complete review of Collateral and property valuation
• Assets verification include borrower’s bank account statement, retirement accounts, mutual funds and other investments.
• Credit analysis based on borrower’s Income, Asset, Liability and Collateral ( 4C's of Underwriting ) to determine the credit worthiness of a customer
• Validating and processing the Loan documents on behalf a Mortgage lender organization.
• Evaluating evidence of borrower’s willingness and ability to repay the obligation
• Good communication, Presentation skills, Self-motivated and hard working

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