US Mortgage Underwriter - Chennai

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/DT

• 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 redflags, 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