Mortgage Underwriting SME -Mumbai

Job Description

Job Type: Full Time

Job Summary: Responsible for performing post close audits ensuring 100% adherence to investor

and agency / nonagency guidelines

Job Responsibilities:

Analyse loan files including Borrower creditworthiness and ability to repay red flag alerts

collateral valuation and worthiness occupancy and employment verifications title policies

and property insurance

Examine and analyse assets liabilities income and debt information related to applicants

which was used to make credit decision

Ensure all debts in credit report are considered for calculating DTI and is compliant with client

Reverse Mortgage & FHA guidelinesv

Ensure Financial Assessment requirements are met as per Client Reverse Mortgage & FHA

guidelines

Evaluate and review appraisal reports and collateral issues related to real estate in order to

determine whether it may properly supports the approval of a loan application.

Work on third party verification from ordering stage uptil completion. Ensure validation of re

verification with original documents and highlight any discrepancies / red flag

Work with relevant parties to acquire required documents in order to verify the income and

employment details of the applicant review the applicants credit profile analyse financial

statements and consider other information in order to act on loan and credit requests.

Ensure all discrepancies in the application files were addressed and properly documented in

writing

Cure red flags if any that makes it eligible for sale in secondary market / investors

Education & Experience: Education & Experience:

Any Bachelor s or Master s degree (Any discipline)

Must have a minimum of 3 year of underwriting audit experience in US Residential Mortgage

(FHA underwriting experience is mandatory)

Prior exposure to Reverse Mortgage will be an added advantage

Postclose underwriting experience would add to selection possibility

Ability to effectively communicate to lines of business and senior management

Effective oral and written communication skills

Fast paced with attention to detail

Hands on experience in Outlook and MS Office Tools

Working Hours:

Should be flexible to night shift

Work Location:

Should be flexible to work out of office full time from Mumbai

Analyse loan files, including Borrower creditworthiness and ability to repay, red flag alerts, collateral valuation and worthiness, occupancy and employment verifications, title policies, and property insurance Examine and analyse assets, liabilities, income, and debt information related to applicants, which was used to make credit decision Ensure all debts in credit report are considered for calculating DTI and is compliant with client, Reverse Mortgage & FHA guidelinesv Ensure Financial Assessment requirements are met as per Client, Reverse Mortgage & FHA guidelines Evaluate and review appraisal reports and collateral issues related to real estate in order to determine whether it may properly supports the approval of a loan application. Work on third party verification from ordering stage uptil completion. Ensure validation of re- verification with original documents and highlight any discrepancies / red flag Work with relevant parties to acquire required documents in order to verify the income and employment details of the applicant, review the applicant's credit profile, analyse financial statements, and consider other information in order to act on loan and credit requests. Ensure all discrepancies in the application files were addressed and properly documented in writing Cure red flags, if any, that makes it eligible for sale in secondary market / investors