Senior Underwriter

2 weeks ago


Delhi, Delhi, India MOZAIQ LLC Full time
We are seeking an experienced US Mortgage Underwriter to join our team.

The ideal candidate will play a crucial role in the mortgage loan process by evaluating and analyzing loan applications to ensure they meet established guidelines and standards.

The position requires a thorough understanding of mortgage underwriting principles and excellent decision-making skills.

US Underwriter ResponsibilitiesKnowledge:
Minimum 3+ years of experience, In-depth knowledge of US mortgage lending regulations and guidelines, including FNMA, FHLMC, FHA, VA, and USDA

Loan Evaluation:
Review and analyze mortgage loan applications, including borrower's credit history, employment history, income, assets, and property valuations

Risk Assessment:
Assess risk factors and determine the eligibility of loan applicants based on established guidelines and criteria

Compliance:
Ensure all underwriting decisions comply with federal and state regulations, as well as company policies

Documentation:
Verify and validate all required documentation to support loan approval or denial

Decision Making:
Approve, deny, or recommend loan applications for further review, providing clear and concise reasons for decisions

Communication:
Communicate with loan officers, processors, and other stakeholders to gather necessary information and clarify details

Quality Assurance:
Maintain high standards of accuracy and completeness in loan file documentation

Reporting:
Prepare and maintain accurate records and reports on underwriting activities and decisions

Continuous Improvement:
Stay updated with industry trends, regulatory changes, and best practices in mortgage underwriting.

QualificationsEducation :
Master's/Bachelor's degree in finance, business, or a related field is preferred

Analytical Skills:
Strong analytical and problem-solving skills, with the ability to assess complex financial information

Attention to Detail:
High level of attention to detail and accuracy in reviewing and documenting loan applications

Communication Skills:
Excellent verbal and written communication skills to effectively interact with internal and external stakeholders

Technology Proficiency:
Proficiency in mortgage automated underwriting software and MS Office Suite, particularly Excel and Word

Decision Making:
Ability to make sound, independent decisions while adhering to company policies and regulatory requirements

Time Management:
Strong organizational skills with the ability to manage multiple priorities and meet deadlines.
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