Underwriting | Core underwriting / Manual underwriting / Live underwriting / Immediate -Bangalore

Underwriting | Core underwriting / Manual underwriting / Live underwriting / Immediate -Bangalore

Bengaluru / Bangalore
1 - 5 Years
Not Specified

Job Description

Job Type- Permanent
Interview & Work Location- Bangalore
Interview Mode- Telephonic
Qualification- Any Graduate & Post Graduate
Experience- 2- 6 years (Relevant experience in to US Residential Mortgage- Underwriting, Loan Origination
Shifts - Night Shift
Notice period - Immediate to 15 Days
Skill- US Mortgage- Underwriting, Loan Origination
JD-
Essential Job Functions/Requirements:
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.
Requirements:
Minimum 1+ years current conventional US mortgage loan underwriting experience
o Strong knowledge of income calculations, tax returns, reading credit reports, identifying red flags
o Strong knowledge of appraisal and ability to recognize red flags and ineligible properties
Thorough working knowledge of Fannie Mae and Freddie Mac underwriting guidelines and automated underwriting engines (DU/LP)
Strong analytic, interpersonal, and verbal and written communication skills
Utilize client's loan operating system to ensure accurate data entry
Underwrite loans in accordance with client guidelines; utilizing AUS or manual guidelines
Evaluate and ensure overall loan documents are accurate, complete, and compliant
Ability to identify and/or clear ref flag or alerts
Issue loan decision and condition file accordingly
Review and approve conditions for compliance and completion of loan file
Provide excellent customer service to internal and external clients
Maintain current knowledge of client and investor requirements
Resolve pre and post-closing issues as they relate to underwriting
Assist Processors/Loan Officers in understanding underwriting decisions and conditions.

Call HR: Amzad Ali@9900024952

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