Underwriter Senior Underwriter US Residential Mortgage

Designation : Underwriter / Senior Underwriter - US Residential Mortgage

Location : Work From Home (WFH) – Chennai

Shift : US Shift (Night shift)

Week Off : Saturday & Sunday

Job Description : Position Overview :

• Candidates should have a total 5 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

income

and other investments.

determine the credit worthiness of a customer

Key Responsibilities

1. Loan File Review Examine all documents submitted by the borrower (income assets credit property

details). Ensure the file is complete and accurate.

2. Income & Employment Verification Confirm the borrower has a stable and sufficient income. Use pay stubs W-2s tax returns and employment letters.

3. Asset Verification Check if the borrower has enough funds for down payment closing costs and

reserves. Review bank statements investment accounts and gift letters.

4. Credit Analysis Review credit reports to assess the borrower’s repayment history and

creditworthiness. Look at credit scores debt-to-income (DTI) ratios and payment history.

5. Property Appraisal Review Ensure the property value supports the loan amount. Check for appraisal

accuracy and compliance.

6. Compliance Check Make sure the loan meets all regulatory and investor guidelines. Follow rules from

agencies like CFPB FHA VA and others.

7. Decision Making Approve suspend or deny the loan based on risk assessment. Document the rationale for each decision.

Required Skills

Required Skills :

Underwriter Senior Underwriter US Residential Mortgage End to End Underwriting

Key Skills

Loan Processing,Time Management,Microsoft Office,Credit Analysis,Fraud,Math,Risk Analysis,Banking,Analysis Skills,Fair Housing Regulations,Underwriting,Data Analysis Skills

Employment Type : Full Time

Experience : years

Vacancy : 1