Senior underwriter

Underwriter and Sr Underwriter

Experience required for the Job : 3+ years

Job Location : Chennai

Key skills : Residential Underwriting, US mortgage

Position Overview

• Candidate should have total 3+ 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, 1120 S, 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