Mortgage Underwriter

1 week ago


Chennai, Tamil Nadu, India Talentgigs Full time

JOB TITLE: Due Diligence Underwriter

Role - Mortgage Underwriter

Location - Chennai

Shift - 9:30AM - 6:30PM

Exp: 6months - 2yrs

DESCRIPTION:

The Due Diligence Underwriter will be responsible for assessing residential mortgage loans for adherence to investor criteria including but not limited to those criteria stipulated by the nationally recognized statistical rating organizations for third party review of residential mortgage loans. This assessment will encompass aspects of data quality, credit decisioning, regulatory compliance, fraud screening, propertyvaluations and servicing history.

DUTIES:

Essential duties shall include but not necessarily be limited to:

Loan File Inventory: ensuring residential mortgageloan packages containall necessary documentation required to formulate a complete assessment.

Credit Review: assess all elementsof the credit decisioning process undertaken to approve the loan including underwriting guidelines, income calculation and validation of assets.

Fraud Review: review the credit package and related backgroundsearch on mortgage loan borrowers to identify potential fraud risks.

Property Valuation Review: review appraisals and alternative value products for conformity to client specified requirements to assess accuracy of the property valuation.

Legal Doc Review: assess all legal documents included in residential mortgage loan files to ensure proper execution, enforceability, and sufficiency for title perfection.

Regulatory Compliance Review: gather regulatory compliance data elements from the loan file for capturein the due diligence review system.

Servicing History Review: review the servicing history of residential mortgage loans by assessing payment histories and servicing commentary in a manner consistent with client requirements.

Credit Risk Grading: leveraging the utility of the due diligencereview system, assess loan quality grades based on client specifications and standards set forth within applicable credit rating agencygrading criteria.

QUALIFICATIONS:

Required Education and Experience:

Essential Skills: Essential to successin this role as a Due DiligenceMortgage Underwriter, the candidate must satisfy the following requirements:

Experience: minimum 1-3 years underwriting residential mortgageloans with demonstrable proficiency in understanding underwriting guidelines and an understanding of mortgage loan regulatory compliance

Computer Skills: strong background with the use of computerprograms used to manufacture or review mortgageloans and standardknowledge of MicrosoftOffice productsuite.

Desirable Attributes:

Candidates demonstrating the following attributes will have an increased chance of success in the role:

Servicing review experience.

Familiarity with credit rating agency review standards.

Strong written communication skills.

Bachelor's degree preferred.

Soft skills : time management, thoughtfulness, reason, and problem solving, and professional communication.



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