Overview
Job Details:
Role: Live underwriter
Experience: 3 – 12 years
Location: PAN India
Notice Period (if applicable): Immediate to 60 Days’ Notice period
Employment Type: Full time
Work mode – Remote
Job Roles and Responsibilities:
– Review and analyse mortgage loan applications to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
– Review all required loan data, reports, and inspections to ensure the collateral is acceptable to the investor and the company.
– Possess knowledge of Lending & Underwriting Guidelines, Credit & Income Analysis, Cash Flow Analysis, Risk Assessment, Loan-to-Value Ratios, and Debt-to-Income Ratios.
– Review initial applications verify loan, property, and borrower information with supporting documents.
– Verify borrowers monthly income and expenses and other relevant sections.
– Review all documents related to borrowers Credit, Capacity, Collateral, and Capital.
– Calculate assets required for closing and reserve purposes as per guidelines.
– Make independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
– Provide final approval underwriting of mortgage loans.
– Complete all required paperwork and forms in a timely and accurate manner.
– Sign off conditions within timelines set by management.
– Work with staff and management to find solutions for escalated loans.
– Recommend improvements for internal audit policies and practices when necessary.
– Manage loans using all functions of Encompass.
– Effectively communicate underwriting decisions with processors and advisors.
– Maintain a high level of customer service and communication with other departments.
– Perform other duties as assigned