Candidate should have total 3+ years of US mortgage underwriting experience
Well versed with FNMA. FHLMC, knowledge of GNMA and investor guidelines is an additional benefit
Should have good analytical and problem-solving skills
Should have decision-making skill when applying in business judgment
Evaluate complete loan documents and should provide approval or denial decision
Complete review of credit report to verify trade lines, derogatory accounts, public records and credit reconciliation
Thorough income calculation Salaried income, business income, retired other income and rental income
Complete review of Collateral and property valuation
Assets verification include borrowers bank account statement, retirement accounts, mutual funds and other investments.
Credit analysis based on borrowers Income, Asset, Liability and Collateral (4C of Underwriting) to determine the credit worthiness of a customer
Validating and processing the Loan documents on behalf a Mortgage lender organization.
Evaluating evidence of borrowers willingness and ability to repay the obligation
Good communication, Presentation skills, Self-motivated and hard workingAbout you:
Minimum 3 years of Underwriting experience in US Mortgage.
Sound knowledge of US Residential mortgage
Exposure of Underwriting processes & guidelines.
Excellent critical thinking, problem solving and sound judgment. Analysis and Calculation of qualifying income from Salaried various tax documents such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, etc.
Location-Mumbai/Chennai/ Bangalore/ Hyderabad
Keyskills: US mortgage Underwriting property valuation live underwriting US mortgage underwriting
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