Senior Analyst - Underwriting

ABOUT FIRSTSOURCE Firstsource Solutions is a leading provider of customized Business Process Management (BPM) services. Firstsource specialises in helping customers stay ahead of the curve through transformational solutions to reimagine business processes and deliver increased efficiency, deeper insights, and superior outcomes. We are trusted brand custodians and long-term partners to 100+ leading brands with presence in the US, UK, Philippines, Mexico and India. Our 'rightshore' delivery model offers solutions covering complete customer lifecycle across Healthcare, Telecommunications & Media and Banking, Financial Services & Insurance verticals. Our clientele includes Fortune 500 and FTSE 100 companies

Underwriter and Sr Underwriter Experience required for the Job : 3+ years Job Location : Mumbai / Chennai / Bangalore / Hyderabad Key skills : Underwriting, US mortgage Position Overview Candidate should have total 3+ years of US mortgage underwriting experience

• 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 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 About you :
• qualifying Minimum 3 years of Underwriting experience in US Mortgage. Sound knowledge of US Residential mortgage Exposure of Underwriting processes & guidelines. Excellent critical thinking, problem solving and sound judgment. Analysis and Calculation of income from Salaried various tax documents such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, etc.

Skills Required

Credit Analysis, Us Mortgage, Underwriting, gnma , fhlmc