Senior Underwriter

Role & responsibilities

• Candidate should have minimum 5 years of UW experience
• Well versed with FNMA. FHLMC and investor guidelines, able to review and locate exact guidelines for decision making
• Should have good analytical and problem-solving skills
• Manage end-to-end underwriting processes, primarily focusing on conventional loans, Closed End Second and VA IRRRL
• Accurately calculate different Income types such as Salaried, Self-Employment, other income and rental income for loan decisioning
• Should have decision-making skill when applying in business judgment based on Underwriting review
• 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, calculate HTI/DTI
• Complete review of Collateral and property valuation to identify physical and market conditions of property
• Assets verification include borrowers bank account statement, retirement accounts, mutual funds and other investments. Identify red flags, large deposits, regular deductions on bank statement
• Apply expertise in the 4 C's of underwriting (Credit, Capacity, Collateral, and Capital)
• Evaluating evidence of borrowers willingness and ability to repay the obligation
• Good communication, Presentation skills, Self-motivated and hard working
• Able to review investor guidelines (Allregs FNMA & Freddie) and client overalls

Preferred candidate profile

Immediate joiners Only