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 :