Subject Matter Expert - Loan Originations live underwriting

Loan Underwriter IV (US) - Subject Matter Expert

Job Profile Summary : The Underwriter IV underwrites and evaluates the most complex conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. This job also underwrites and evaluates Home Equity and Consumer Loans.

Depth & Scope

• Underwrites complex residential mortgage loans and evaluates risk while ensuring the quality of each loan submitted
• Senior level loan decision authority, reviews and underwrites most complex portfolio loans – CEMA, Med / Pro, Construction, Jumbo and Wealth
• Approves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policies and procedures within risk tolerance
• Independently considers, recommends and discusses alternative structures and overall assessments
• Evaluates all documents and conditions loan accordingly
• Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation; clears or resolves any issues
• Escalates integrity issues as appropriate 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.
• Indirect supervisory authority; coaches and mentors junior underwriters; assists with training and assesses analysis prepared for accuracy and compliance with policy, guidelines and procedures in all prepared loan recommendations to arrive at an appropriate credit decision
• Obtains and reviews financial information and provide in-depth credit analysis practices
• Acts as a subject matter expert in the most complex lanes or work

Education & Experience

Basic Qualifications

Must be detail oriented organized and work efficiently under pressure.

Excellent written and oral communication skills.

Strong organizational and analytical skills.

Willingness to work from the office during night shifts including rotational shifts.

Certifications Required

Certification in MS Excel or related data analysis tools is preferred.

Job Location : Hyderabad / Chennai .

Skills Required

fha, Consumer Loans, Credit Analysis, va, Microsoft Office Suite