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Urgent Opening For Underwriter US Mortgage - Bangalore - Pune - Mumbai

3.00 to 8.00 Years   Mumbai City   09 Mar, 2021
Job LocationMumbai City
EducationNot Mentioned
SalaryRs 4.0 - 9 Lakh/Yr
IndustryBanking / Financial Services
Functional AreaRisk / Underwriting
EmploymentTypeFull-time

Job Description

Greeting!!100 UnderwritersJOB DESCRIPTION FOR MORTGAGE UNDERWRITER

  • Work with Sales, Transition and Operations team while onboarding new clients.
  • Create process documentation like standard operating procedure, checklist
  • Perform Quality audit per business requirements.
  • Independently analyse loan files to ensure adherence to: Regulations and legal standards governing mortgage
  • lending. Loan programs and guidelines, including superior knowledge of conventional, conforming, nonconforming, and government programs and guidelines.
  • Make independent decisions regarding acceptability of loan files and approval/denial of loan applications
  • Critically analyse loan files to ensure that information is compliant with lending guidelines and legal standards,
  • including red flags, suspicious activity standards, and ethical lending standards
  • Application of program requirements, lending guidelines, regulations and appropriate credit policies to loan
  • files to approve or deny credit or advise senior management
  • Work with loan originators and production staff to acquire required documents to verify the income and
  • employment details of the applicant, review the applicants credit profile, analyse financial statements, and
  • consider other information to act on loan and credit requests
  • Examine loan documentation for accuracy and completeness and determine whether additionalinformation
  • may be required to make a credit decision
  • Examine and analyse assets, liabilities, income, and debt information related to applicants, to make a credit
  • decision
  • Evaluate and review appraisal reports and collateral issues related to real estate to determine whether it may
  • properly support the approval of a loan application the loan
  • Exhibit superior decision-making skills that are supported by relevant details and research
  • Compare automated underwriting to specific loan-file criteria to determine whether waiver or deviation from
  • suggested guidelines may be appropriate. Exercise sound discretion in such a review to arrive at final decision
  • or recommendation
  • Utilize automated underwriting systems such as Desktop Underwriter and Loan Prospector to assist in the
  • execution of the duties and responsibilities of the role
  • May provide training and direction to team members to assure a clear understanding of compliance and lending
  • guidelines, particularly with those intending to eventually serve in an Underwriter role
  • Possess the authority to withdraw and decline loans. May develop and recommend modifications to
  • underwriting and production procedures if the need exists or circumstances change
  • Prompt and exhaustive communication (via phone, email or fax) with various parties throughout the process
  • May respond to individual and investor audits
for more details share your resume to Bhavna.Rane@epicentertechnology.com

Keyskills :
soundsalespromptdesktopquality auditemailus mortgageresumeautomated underwriting systemsfinancial statementsgovernment programssenior managementred flagsredfinding opportunitieslendingcreditprocess documentationflagsstandard operatin

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