Underwriter - US Mortgage

Job Title/Designation: Senior Analyst

Summary- As a Senior Underwriter, you will complete a thorough analysis of loan files to determine credit worthiness, underwrite according to current guidelines from multiple investors, calculate complex income scenarios, respond to post closing reviews and audits, and assist in other areas as needed

Job Description:

• Complete thorough and accurate analyses and prepare financial statement spreadsheets, determine the credit worthiness of the borrower, prepare a thorough written analysis of the loan request and financial condition of the borrower, assess a proper loan grade, identify exceptions to policy and guide the Credit Approval Document and Memorandum through the loan approval process.
• Requires in depth knowledge of the mortgage rules and regulations, to include understanding the various Standard Operating Procedures manuals for Conventional, Jumbos, FHA and VA loans.
• Working knowledge of Conventional, Jumbos, FHA and/or VA eligibility, structuring, and loan program parameters (and staying abreast of any changes in these programs).
• Prepare spreadsheets of borrower(s) financial statements and tax returns, analyze such documents, provide commentary on financial performance, and work with all investors to ensure proper loan origination.
• Research and analyze financial data, interpret and prepare reports of financial position with recommendations regarding credit worthiness of the borrower and accurate loan grade.
• Train staff on various underwriting issues such as appraisals, credit reports, income calculations, credit guidelines.

Competencies/Skills

• Highly organized and able to prioritize
• Excellent communication skills, both written and verbal
• Detail oriented with strong data analysis skills and Logical reasoning skills

Desired Candidate Profile:

• Minimum Graduation
• Minimum of 5 years of QM - Underwriting Conventional loans is preferred.
• Underwriting FHA and VA loans experience is added advantage