Underwriter

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.
 

Desired Skills and Experience

UNDERWRITER