Underwriter

Job Title : Live Underwriter

Location : Banglore

Work Mode : Hybrid

NP : Immediate-60 days

Interview : Virtual / F2F

Job Overview :

The Conventional Underwriter reviews, conditions and underwrites mortgage loans in accordance with established

policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

Job Roles and Responsibilities :

 Review and analyse the mortgage loan application to ensure eligibility, accuracy, completeness, and

compliance with internal and regulatory guidelines to minimize risk factors.

 Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor

and the company.

 Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis | Risk

Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios

 Review Initial application - Verify loan, property, borrowers’ information with other available documents -

Verify borrower's monthly income and expenses - Verify other relevant sections.

 Review all the documents related to borrower’s Credit, Capacity, Collateral and Capital.

 Calculate asset required for closing and reserve purpose for the transaction (as per guideline)

 Responsible for making independent decisions regarding acceptance and risk of loans according to

HUD, company, and investor guidelines.

 Provides final approval underwriting of mortgage loans.

 Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.

 Sign off conditions in a timely manner set by management.

 Work with staff and management to find solutions on escalated loans.

 May be requested to make recommendations for improving Internal Audit’s policies and practices.

 Manage loans by using all functions of Encompass.

 Effectively communicate underwriting decisions with processors and advisors

 Maintain high level of customer service and communication with other departments.

 Other duties as assigned.

Qualification & Experience

 Degree or Equivalent

 Minimum 3 years of experience in conventional / govt end to end underwriting.

 Well-versed with all 4C’s of Underwriting (Asset, Income, Credit and Collateral)