Key Required Skills:-.
Candidate must have experience in live underwriting & Real Time Analysis
Excellent at Income Calculation and Debt-to-Income(DTI) Ratio Calculation
Expertise in 4C's framework (Credit, Capacity, Collateral and Capital)
Familiar in Credit report Analysis & LOX (Letter of Explanation)
Knowledge on Residential Mortgage- Credit Bureau, Documents to approve the loan, Familiar with different account types
Job Roles And Responsibilities
Review and analyse the mortgage loan application 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 insure the collateral is acceptable to investor and the company
Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis | Risk Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios
Review Initial application - Verify loan, property, borrowers’ information with other available documents - Verify borrower's monthly income and expenses - Verify other relevant sections
Review all the documents related to borrower’s Credit, Capacity, Collateral and Capital
Calculate asset required for closing and reserve purpose for the transaction (as per guideline)
Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines
Provides final approval underwriting of mortgage loans
Completes all required paperwork and forms in a timely and accurate manner; prepares required forms
Sign off conditions in a timely manner set by management
Work with staff and management to find solutions on escalated loans
May be requested to make recommendations for improving Internal Audit’s policies and practices
Manage loans by using all functions of Encompass
Effectively communicate underwriting decisions with processors and advisors
Maintain high level of customer service and communication with other departments
Other duties as assigned. Qualification & Experience
Degree or Equivalent
Minimum 3 years of experience in conventional/govt end to end underwriting
Well-versed with all 4C’s of Underwriting (Asset, Income, Credit and Collateral)
How to Apply: Interested candidates are encouraged to respond/submit their updated resumes, and for additional job opportunities, please visit Jobs In India - VARITE.
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If you're not available or interested in this opportunity, please pass this along to anyone in your network who might be a good fit and interested in our open positions. VARITE offers a Candidate Referral program, where you'll receive a one-time referral bonus based on the following scale if the referred candidate completes a three-month assignment with VARITE.
Experience Level Bonus Referral: 0-2 years INR 5,000 2-6 years INR 7,500 6+ years INR 10,000
About VARITE: VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.
Equal Opportunity Employer
VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status.
UNDERWRITER
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