Underwriter

Job Description

MAx package offered for this position would be up to 10lpa + Night shift allowance 6k+ Incentives 10k+ per month.

Maintain a working knowledge of US Mortgage Originations, closing procedures, federal and state lending laws.

Must have good working knowledge of all 4C’s of underwriting.

Experience in end-to-end underwriting of Conventional loans.

Must have strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP).

Sound knowledge of Fannie Mae & Freddie Mac Guidelines.

Interpret state rules, statute laws, federal regulations & investor guidelines and apply them to specific loans.

Review loan file for compliance with all regulatory and client’s guidelines / overlays

Analyze income & employment, credit strength, capacity to repay, property appraisal, title report; calculate and analyze LTV / CLTV / HCLTV / DTI / HTI, check all other information relevant to the credit decision process on each mortgage application.

Calculate all types of income (Wage earner / self-employment / Other income etc.).

Good decision maker in identifying all types of red flags and Approving or Denying the file accordingly.

Analyze the risk involved in approving a loan to determine whether it is acceptable to the lender.

Working knowledge of various fraud tools.

Cite conditions for the missing documents in an effective manner.

Audit the file from a closing & compliance standpoint on daily basis and note any exceptions.

Experience

3+ years of live Mortgage Underwriting experience

Ability to obtain and decipher AUS findings (DU and LP)

Experience in full origination mortgage processing, loan set up, loan documentation, closing, title, quality assurance, compliance, underwriting, or assisting with conventional first mortgage loan products

Good verbal and written communication skills