Job Title: Underwriter
Job Type: Full time Job Opportunity
Work Location Available: Pune (Work from office)
Shift time: Monday to Friday (6.30 pm to 3.30 am)
Essential Job Functions:
- Underwrite residential mortgage loans in accordance with Conventional/ FHA and VA guidelines.
- Reviews/analyzes loan files submitted for borrowers to ensure file meets loan program requirements. Includes individual analysis of: loan application, credit profile/report(s), debt and assets, income/financial statements, loan values/loan-to-value ratios, appraisal reports, collateral and supporting documentation.
- Input of data and analysis of findings in Loan Prospector, Desktop Underwriter, Asset wise, other AUS engines, and OES
- Analyze income from salaried, commissioned, self-employed, investments, fixed income sources.
- Analyze assets statements for all types of asset accounts
- Identifies/calculates loan risk of loss.
- Should have good knowledge and understanding about the 4C's of Underwriting.
- Conditions files for missing/supporting documentation.
- Revisits loans to review and clear conditions.
- Escalates fraud files to Credit Manager/Risk Management team.
- Communicate status and decisions (approval, suspense, denial) to the appropriate individuals in accordance with company SLA's
- Strong organizational skills.
- Excellent communication skills (written and oral).
- Excellent customer service skills.
- Strong computer proficiency i.e. Microsoft Word, Excel, Electronic Mail, Internet and Automated Underwriting Systems
- Review and verify income, employment and credit history of applicant, requesting additional information as needed.
- Examine loan documentation for accuracy and completeness, while working with Mortgage Consultant and/or production staff to secure all required documents
- Scrutinize accounts from which applicant's funds originate.
- Review property appraisal to see if property valued correctly to warrant the loan amount requested.
- Ability to perform duties under minimal supervision and actively engage with supervisor to resolve complicated issues
- Strong time management skills to plan and organize a high daily loan volume
Requirements
- Strong knowledge of income calculations, tax returns, reading credit reports, identifying red flags
- Experience in reviewing appraisal and title, and ability to recognize red flags and ineligible properties
- Good planning skills
- Good balance between people, process & clients
- Good client management & relationship building skills
- Ability to work in Night shift
- Open to Work from Office
- Should have minimum 2 to 3 years of Experience working as Residential Mortage Underwriter.
