Underwriter and Sr Underwriter

Role & responsibilities

Position Overview

Candidate should have total 3+ years of US mortgage underwriting experience

• 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 borrowers bank account statement, retirement accounts, mutual funds and other investments.
• Credit analysis based on borrowers Income, Asset, Liability and Collateral (4C 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

About you:

• Minimum 3 years of Underwriting experience in US Mortgage.
• 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.