Senior Mortgage Underwriter

Senior Underwriter

Experience required for the Job : 4+ years

Job Location : Chennai

Key skills : Residential Underwriting, US mortgage

Position Overview

Candidate should have total 4+ 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, 1120S, 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 bank account statement, retirement accounts, mutual funds and other investments.

Credit analysis based on borrower’s Income, Asset, Liability and Collateral ( 4C's 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

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