US Mortgage Underwriter

About The Company:

Ara's client is a leading IT solutions provider, offering Applications, Business Process Outsourcing (BPO) and Infrastructure services globally through a combination of technology knowhow, domain, and process expertise. It has been garnering can be attributed to their undeterred focus in delivering quality solutions across verticals that meet the challenging requirements of their esteemed customers. It has been recently felicitated by the Economic Times as the most distinguished digital company 2015. They have also been ranked 29 of 100 largest financial technology vendors by American Banker and BAI in the FinTech Forward Top 100 rankings.

The Role:

The Underwriter's primary responsibilities include reviewing mortgage files submitted to Underwriting. This position requires calculating income, analyzing debt and assets, as well as completing an in-depth review of the completed appraisal and title. Additional responsibilities include entering data into the client's loan operating system, utilizing an automated underwriting system to determine approval and clearing conditions for Final Approval. Candidates must possess a strong sense of urgency with an ability to work in a team environment, maintaining excellent organizational, communication, and PC skills.

Key Responsibilities:

Perform complete and in-depth review of mortgage loan files including; income, assets, credit and collateral.

Utilize client's loan operating system to ensure accurate data entry

Underwrite loans in accordance with client guidelines; utilizing AUS or manual guidelines

Evaluate and ensure overall loan documents are accurate, complete, and compliant

Ability to identify and/or clear red flag or alerts

Issue loan decision and condition file accordingly

Review and approve conditions for compliance and completion of loan file

Provide excellent customer service to internal and external clients

Maintain current knowledge of client and investor requirements

Resolve pre- and post-closing issues as they relate to underwriting

Assist Processors/Loan Officers in understanding underwriting decisions and conditions

Skills Required:

Strong knowledge of income calculations, tax returns, reading credit reports, identifying red flags

Basic knowledge of appraisal and ability to recognize red flags and ineligible properties

Thorough working knowledge of GSE underwriting guidelines and automated underwriting engines (DU/LP)

Strong analytic, interpersonal, and verbal and written communication skills

Detail-oriented with strong ability to time manage

Ability to work in a flexible and production-oriented environment

Must be willing and able to work as part of a team

Strong capability to work in multiple systems - paperless environment

Must be willing to work in strict security environment

NMLS-MLO Licensure preferred

Candidates must be available to work outside of normal business hours when necessary

Candidates must be available to work outside of normal business hours when necessary

Flexible to work in 24/7 process including night shifts and weekends

Qualifications & Experience:

A Bachelor's degree is required.

Minimum 3+ years current conventional mortgage loan underwriting experience