Senior Live Underwriter

Role : Live Underwriters -Us Mortgage

Exp: 2+

NP: 60 Days

Location : Remote ( Bangalore & Chennai -WFO)

Job Overview:

The Conventional Underwriter reviews, conditions and underwrites US mortgage loans in accordance with established

policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

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 | Loan-to-Value Ratios | Debt-to-Income Ratios

Review Initial application - Verify loan, property, borrowers information with other available documents -

Verify borrower's 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.

Qualification & Experience

Degree or Equivalent

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

Well-versed with all 4C's of Underwriting (Asset, Income, Credit and Collateral)