Senior Underwriter

1 week ago


Chennai, Tamil Nadu, India Wipro Full time
Role Purpose
Hands on experience in MS office applications Good verbal & written communication
  • Ability to handle demanding working environment and work under pressure.
Candidates with 3-4 years of mortgage processing experience and a background in Mortgage Originations Ops Willingness to learn / Trainable / Problem solver.

Attention to detail – Has to be accurate on numbers and deliver in timely manne Roles & Responsibilities:
Ability to manually underwrite complex transactions to ensure the loan meets established guidelines. - should have experience in mortgage insurance guidelines
  • Underwriter should have the ability to read the guidelines to determine whether each loan meets the requisite guideline as specified by the Client.
  • Should know how to run the AUS and verify the data integrity off the Desktop UW / Loan Prospector
  • Review the Employment Guideline Requirements
  • Perform Income calculations (salaried / Self employed / Rental / Other Incomes)
  • Validate all type of Assets including 401K, Bank Statements, Mutual funds etc.
,
  • Usage of Assets against Income requirement / qualification
  • Calculate Debt to Income Ratio, Loan to value Ratio, Housing Payments
  • Review appraisal and perform Property Valuation and use property valuation tools
  • Review Credit Report including Credit Scores, Existing liens, payments etc.
,
  • Should also review on the alternate / support documents for credit review.
  • Title review and lien validations
  • Review loan details in Loan application, Letter of explanations, gift letters
  • Income verification on Bank statement loans.
- Client specific guideline review with alternate documentations - Understanding on Counteroffer and Solution the loan - Review on compliance documents Qualifications: Graduates / Postgraduates in any stream Mortgage(Originations)

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