Underwriting Team Lead

Team Lead - Residential Mortgage Live Underwriter

Location – Foreclosure _Mumbai / Underwriting _ Hyderabad & Chennai.

Loan Underwriter I (US)

Job Profile Summary : The Loan Underwriter I is primarily responsible for : Mortgage Operations : Underwriting and evaluating conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. Consumer Operations : Underwriting and evaluating

Home Equity and Consumer Loans

Depth & Scope :

Underwrites ethical and salable residential mortgage and consumer loans and evaluate risk while insuring the quality of each loan submitted

Approves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policies and procedures

Validates the data entry to the appropriate Loan Operating System and evaluates all applicable documentation as required by job function and condition

Demonstrates In-depth knowledge of regulatory, investor and departmental lending policies for underwriting of conventional loan requests

Evaluates all documents and condition loan accordingly. Inform Processor of any additional items necessary to substantiate loan request

Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation and assists in clearing or resolving any issues

Notifies Management of integrity issues and ensures files are compliant to internal guidelines and external regulatory requirements

Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements

May coach and mentor assigned operations staff and assists with training and guidance as assigned by Underwriting Manager

Education & Experience :

High school diploma or GED required

1-2 years underwriting experience and / or 2 + years of loan processing experience

Working knowledge of loan underwriting and documentation requirements

Knowledge of Agency Guidelines and DU automated underwriting system and the ability to provide excellent customer service to both internal and external customers

Excellent oral and written communication skills

Solid PC skills

Knowledge of regulatory, investor and departmental lending policies for underwriting

Knowledge of CRA products and industry

Detail oriented, possessing excellent organizational, analytical and decision making skills

Ability to communicate with multiple business partners in the organization

Ability to handle heavy workload, multitask and meet stringent deadlines