US Mortgage UW

• Underwrites mortgage loan applications and evaluates loans to maximize organizational profit and minimize risk or loss.
• Render final decision on pipeline of loans and recommend decisions on loans that exceed authority.
• Timely review of condition / final CTC
• Familiar with standard concepts, practices, and procedures within a particular field
• Relies on limited experience and judgment to plan and accomplish goals.
• Works under general supervision.
• A certain degree of creativity and latitude is required.
• Typically reports to a supervisor or manager.
• Strong understanding of Desktop Underwriting (DU) and Loan Prospector (LP)
• Analyze Income & employment, credit strength, property appraisal, check over debt to Income (DTI) and Loan to value (LTV)and all other information pertinent to the credit decision process on each mortgage application, as presented by the applicant
• Underwriter to validate that a prospective mortgagor’s loan application adheres to the Investor’s, Secondary Investors (Fannie & Freddie) and guidelines of applicable government agencies to approve the loan
• Analyzing the risk involved in approving a loan to determine whether it is acceptable to the Investor or not
• Cite defects for any deficiencies observed on the loan.
• Verify accuracy of the supporting employment documents, source of down payment/ reserves, appraisal value and property title commitment received
• Review legal documents, if present, to ensure the accuracy & completeness
• Identify the mortgage insurance requirement (MI) and follow the MI guidelines, if applicable
• Should be capable of identifying, raising, and clearing conditions on loans in pipeline
• The ideal candidate should have 18 months of experience of independently underwriting residential mortgage loans, expert analytical skills with DU & LP experience
• Should have minimum 12 months of Underwriting/Re-underwriting Mortgage experience in Conventional, FHA & VA loans (Government) products
• May require a bachelor's degree in area of specialty or a graduation degree for India operations and high school diploma for US Operations
• Familiar with standard mortgage concepts, practices, and procedures within a particular field.
• Should have working knowledge with any Mortgage loan origination application.
• Relies on limited experience and judgment to plan and accomplish goals
• Performs a variety of tasks.
• Excellent mathematical and statistical aptitude.
• A certain degree of creativity and latitude as expected

Night Shift
Any Graduates

Education: Graduate