Mortgage Underwriter Jobs in Career One Stop in Any - India

Mortgage Underwriter

Career One Stop

Posted on : 06-02-2024

Employer Active

1 Vacancy

The job posting is outdated and position may be filled

Job Alert

You will be updated with latest job alerts via email

Valid email field required

Send jobs

Send me jobs like this

Job Alert

You will be updated with latest job alerts via email

Valid email field required

Send jobs

Job Location

India

Monthly Salary

Not Disclosed

Salary Not Disclosed

Vacancy

1 Vacancy

Posted on : 06-02-2024

Job Description

Job Overview:

The Conventional Underwriter reviews conditions and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

Key Required Skills:

Excellent at Income Calculation and DebttoIncome (DTI) Ratio Calculation.

Expertise in 4Cs framework (Credit Capacity Collateral and Capital)

Familiar in Credit report Analysis & LOX (Letter of Explanation).

Knowledge on Credit Bureau Documents to approve the loan Familiar with different account types.

Job Roles and Responsibilities:

Review and analyse the mortgage loan application to ensure eligibility accuracy completeness and compliance with internal and regulatory guidelines to minimize risk factors.

Review all required loan data reports and inspections to insure the collateral is acceptable to investor and the company.

Knowledge of Lending & Underwriting Guidelines Credit & Income Analysis Cash Flow Analysis Risk Assessment LoantoValue Ratios DebttoIncome Ratios.

Review Initial application Verify loan property borrowers information with other available documents Verify borrowers monthly income and expenses Verify other relevant sections.

Review all the documents related to borrower s Credit Capacity Collateral and Capital.

Calculate asset required for closing and reserve purpose for the transaction (as per guideline)

Responsible for making independent decisions regarding acceptance and risk of loans according to HUD company and investor guidelines.

Provides final approval underwriting of mortgage loans.

Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.

Sign off conditions in a timely manner set by management.

Work with staff and management to find solutions on escalated loans.

May be requested to make recommendations for improving Internal Audit s policies and practices.

Manage loans by using all functions of Encompass.

Effectively communicate underwriting decisions with processors and advisors

Maintain high level of customer service and communication with other departments.

Other duties as assigned.

Qualification & Experience:

Degree or Equivalent

Minimum 4 years of experience in conventional/govt end to end underwriting.

Wellversed with all 4C s of Underwriting (Asset Income Credit and Collateral)

US Mortgage Process (Only Night Shifts)

documents to approve the loan,us mortgage,credit analysis,credit report analysis,credit bureau,encompass,lox,risk assessment,lending & underwriting guidelines,4c's framework,income calculation,cash flow analysis,debt-to-income ratio calculation,collateral,debt-to-income ratios,loan-to-value ratios

Employment Type

Full Time

Company Industry

Key Skills

Loan Processing
Time Management
Microsoft Office
Credit Analysis
Fraud
Math
Risk Analysis
Banking
Analysis Skills
Fair Housing Regulations
Underwriting
Data Analysis Skills

Apply Now

About Company

Career One Stop

Report This Job

Disclaimer: Drjobpro.com is only a platform that connects job seekers and employers. Applicants are advised to conduct their own independent research into the credentials of the prospective employer.We always make certain that our clients do not endorse any request for money payments, thus we advise against sharing any personal or bank-related information with any third party. If you suspect fraud or malpractice, please contact us via contact us page.

Free AI Resume Review

Get Hired 3x Faster with free, confidential review from Ai resume review service.

Order Now

Resume, LinkedIn, Cover Letter

Elevate your professional profile with expertly crafted documents including your resume, LinkedIn profile, cover letter.

Start Now

Dr.Job AutoApply

3X your job search with AutoApply's AI for faster dream job results.

Learn More

Reverse Recruiting

Never apply for a job again. We apply and track jobs for you to find your perfect match.

Mortgage Underwriter

Career One Stop

Job Description

Employment Type

Company Industry

Key Skills

About Company

Similar Jobs

Program Director -Transitions US Mortgage

Mortgage Underwriting SME -Mumbai HyderabadChennai

US Mortgage

UnderWriter

US Mortgage Underwriting

Training Lead US mortgage domain

Mortgage Loan Sales Role

US Mortgage - Team Leader