Senior Underwriter

Position Title : Mortgage Underwriter

Location : Pune (Relocation support available only for candidates moving to Pune)

Employment Type : Full-time

Work Schedule : Flexible to work in any shift, including night shifts, as per business requirements.

Travel Requirement : Candidate must be open to travel to office for training and work-related activities as required.

Position Summary

We are seeking a skilled and detail-oriented Mortgage Underwriter to review, condition, and underwrite residential mortgage loans in accordance with established policies, procedures, and regulatory guidelines. The Underwriter will analyze borrower documentation, evaluate loan eligibility, and mitigate risk while ensuring a high level of compliance and customer service.

Key Responsibilities

• Review and analyze mortgage loan applications to ensure accuracy, completeness, and compliance with internal policies and regulatory guidelines.
• Examine all required loan data, reports, inspections, and collateral documentation to validate investor and company requirements.
• Make independent credit decisions regarding loan acceptance and risk based on HUD, FNMA, FHLMC, FHA, VA, Reverse, and company guidelines.
• Provide final approval underwriting of Conventional, Correspondent, FHA, VA, and Reverse mortgage loans .
• Complete and sign off conditions within management timelines, ensuring accurate documentation and compliance.
• Collaborate with processors, advisors, and management to resolve escalated loan files and provide solutions.
• Review appraisal forms, validate collateral security, and determine property value.
• Ensure timely and accurate completion of all required paperwork and reports.
• Maintain thorough documentation within Encompass and related systems.
• Participate in process improvement discussions and recommend enhancements to underwriting procedures.
• Maintain strong communication with internal teams while ensuring high levels of customer service.
• Perform other duties as assigned by management.

Education & Experience

Bachelor’s degree (minimum of 15 years of formal education) is mandatory.

Minimum 1 year of experience in US residential mortgage underwriting , with strong knowledge of supporting financial and non-financial documentation.

Proven expertise in income calculations (salaried & self-employed), asset / liability verification, credit review, and appraisal verification .

In-depth knowledge of FNMA, FHLMC underwriting standards , HUD, FHA, VA, Reverse, and Correspondent Lending guidelines.

Familiarity with underwriting procedures across loan setup, post-closing, repurchase review, and underwriting.

Strong understanding of 4 Cs of underwriting – Credit, Collateral, Cash, and Capacity .

Proficient in appraisal review processes, even if handled by a separate department.

Must-Haves

Strong expertise in US mortgage residential underwriting .

Working knowledge of income calculations for salaried and self-employed borrowers.

Ability to review and manage 300–400 documents with accuracy and attention to detail.

Familiarity with Encompass or similar mortgage platforms.

Immediate joiners preferred, or candidates serving notice and available to join in August or September .

Nice to Have

Advanced certifications in underwriting or risk management.

Exposure to process improvement initiatives.

Strong analytical and problem-solving mindset.

Interview Process

3 Rounds :

HR Round

Online Test

Operations Manager + Director Round

Compensation & Benefits

Competitive salary package as per market standards.

Relocation expenses covered (only from Pune).

Opportunity to work in a fast-paced, compliance-driven environment with global exposure.