Underwriter

Apply only if you have at least 3 years of experience in Live Underwriting within the US Mortgage industry, and if you're open to relocation.

LOCATIONS: PUNE, MUMBAI, AND BANGALORE

WORK FROM OFFICE

JOB TITLE: SENIOR UNDERWRITER (RESIDENTIAL MORTGAGE)

WORK HOURS: US TIMINGS NIGHT SHIFT (EST)

CAB FACILITY: PICK AND DROP PROVIDED

Position Overview:

The Due Diligence underwriting team provides solutions for various service offerings under a single platform (seasoned compliance, credit, credit & compliance, title, collection comments, pay history, data, forensic, consumer, etc.). However, generally, activities will include:

• The identification of the proper documentation for data capture
• The capture of such information in the system
• Running embedded rules and logic against such information
• Clearing validations and/or applying exceptions that may be appropriate for the item in question

Duties and Responsibilities:

• Review and verify loan applications and support documentation
• Analyse loan risk and request additional information as necessary
• Ensure compliance with regulatory standards
• Ensure compliance with company policies and guidelines
• Determine and document loan conditions, communicate requirements, and/or decisions
• Identify portfolio risks resulting from the client's underlying business practices
• Document and effectively communicate reasons for the approval/rejection of loans
• Such other activities as may be assigned by your manager

Skill Sets Required:

• Demonstrated understanding of mortgage guidelines and policies for VA, FHA, FNMA, FHLMC & USDA
• Analysis and Calculation of qualifying income from various tax documents such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, etc.
• Analysis of Credit Reports and Bank Statements
• Experience with both AUS and manual underwriting methods including DU and LP
• Working knowledge of running and reviewing third party loan-level Fraud Reports (Fraud Guard, Fraud Manager or DRIVE) would be preferred
• Experience of working on non-QM loans (Jumbo and Bank Statement Programs) in addition to AUS loans would be preferred
• Working knowledge of industry recognized LOS such as Encompass, BytePro, Calyx, Empower or Lending QB

Qualifications / Requirements:

• 3+ years of recent US Mortgage underwriting front-line experience
• Compliance review/ Disclosures Preparation/ Closing/ Doc Preparation and/or due diligence experience in the residential mortgage industry
• Knowledge and familiarity with current mortgage policies/procedures, compliance laws and regulationsincluding TRIDand understanding of mortgage regulatory changes
• High producer with attention to quality
• Strong commitment to customer service and satisfaction
• Excellent time management skills
• Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices
• Detail oriented, with superior verbal and written communication skills
• Strong PC skills, with demonstrated proficiency with Microsoft Office
• Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service
• Demonstrate professional behaviour including:
• Positive attitude
• Punctuality
• Dependability
• Understanding and adherence to company policies and procedures

Special Requirements:

• This is a work from office role and will require the person to work in the US hours (India Night Shift)