Mortgage Underwriter

Role - Mortgage Underwriter
Location - Chennai
Shift - Night Shift
DESCRIPTION:
The 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, property valuations and servicing history.
DUTIES:
Essential duties shall include but not necessarily be limited to:
• Loan File Inventory: ensuring residential mortgage loan packages contain all
necessary documentation required to formulate a complete assessment.
• Credit Review: assess all elements of 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 background search 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 capture in the 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 review system,
assess loan quality grades based on client specifications and standards set forth
within applicable credit rating agency grading criteria.
QUALIFICATIONS:
Required Education and Experience:
• Essential Skills: Essential to success in this role as a Mortgage
Underwriter, the candidate must satisfy the following requirements:
• Experience: minimum 3-8 years underwriting residential mortgage loans with
demonstrable proficiency in understanding underwriting guidelines and an
understanding of mortgage loan regulatory compliance
• Computer Skills: strong background with the use of computer programs used to
manufacture or review mortgage loans and standard knowledge of Microsoft
Office product suite.
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 or master’s degree preferred
• Soft skills: time management, thoughtfulness, reason, and problem solving, and
professional communication

---