Underwriter (Full Time)

Underwriter (Full Time) :

Job Roles and Responsibilities:

• Candidate should have minimum 5 years of UW experience

• Well versed with FNMA. FHLMC and investor guidelines, able to review and locate exact guidelines for decision making

• Should have good analytical and problem-solving skills

• Manage end-to-end underwriting processes, primarily focusing on conventional loans, Closed End Second and VA IRRRL

• Accurately calculate different Income types such as Salaried, Self-Employment, other income and rental income for loan decisioning

• Should have decision-making skill when applying in business judgment based on Underwriting review

• Evaluate complete loan documents and should provide approval or denial decision

• Complete review of credit report to verify trade lines, derogatory accounts, public records and credit reconciliation, calculate HTI/DTI

• Complete review of Collateral and property valuation to identify physical and market conditions of property

• Assets verification includes borrowers bank account statement, retirement accounts, mutual funds and other investments. Identify red flags, large deposits, regular deductions on bank statement

• Apply expertise in the 4Cs of underwriting (Credit, Capacity, Collateral, and Capital)

• Evaluating evidence of borrower’s willingness and ability to repay the obligation

• Good communication, Presentation skills, Self-motivated and hard working

• Able to review investor guidelines (Allregs – FNMA & Freddie) and client overalls

Qualification & Experience 

Educational qualification and years of experience required in any specific domain/skill for the role:

• Should have completed Graduation or equivalent degree

• Good UW knowledge

• Should have minimum 3-5 years of UW experience

• Should have good Written and verbal communication Skills