Underwriter

JobOverview:
TheConventional Underwriter reviews conditions and underwritesmortgage loans in accordance with established policies andprocedures and appropriate guidelines; examines all documentationfor accuracy andcompleteness.
KeyRequiredSkills:
Excellent at Income Calculation and DebttoIncome (DTI) RatioCalculation. Expertisein 4Cs framework (Credit Capacity Collateral andCapital) Familiar inCredit report Analysis & LOX (Letter ofExplanation). Knowledgeon Credit Bureau Documents to approve the loan Familiar withdifferent accounttypes.
JobRoles andResponsibilities:
Review and analyse the mortgage loan application to ensureeligibility accuracy completeness and compliance with internal andregulatory guidelines to minimize riskfactors. Review allrequired loan data reports and inspections to insure the collateralis acceptable to investor and thecompany. Knowledge ofLending & Underwriting Guidelines Credit & IncomeAnalysis Cash Flow Analysis Risk Assessment LoantoValue RatiosDebttoIncome Ratios.Review Initial application Verify loan property borrowersinformation with other available documents Verify borrowers monthlyincome and expenses Verify other relevantsections. Review allthe documents related to borrower s Credit Capacity Collateral andCapital. Calculateasset required for closing and reserve purpose for the transaction(as per guideline)Responsible for making independent decisions regarding acceptanceand risk of loans according to HUD company and investorguidelines. Providesfinal approval underwriting of mortgageloans. Completes allrequired paperwork and forms in a timely and accurate manner;prepares requiredforms. Sign offconditions in a timely manner set bymanagement. Work withstaff and management to find solutions on escalatedloans. May be requestedto make recommendations for improving Internal Audit s policies andpractices. Manage loansby using all functions ofEncompass. Effectivelycommunicate underwriting decisions with processors andadvisors Maintain highlevel of customer service and communication with otherdepartments. Otherduties asassigned.
Qualification&Experience:
Degree or EquivalentMinimum 4 years of experience in conventional/govt end to endunderwriting.Wellversed with all 4C s of Underwriting (Asset Income Credit andCollateral) US MortgageProcess (Only NightShifts)Hybrid.

debt-to-income(dti) ratio calculation,credit report analysis,riskassessment,loan-to-value ratios,cash flow analysis,4c'sframework,lox,encompass,debt-to-income ratios,lending &underwriting guidelines,debt-to-income ratio calculation,incomecalculation,credit bureau,credit & incomeanalysis,underwriting

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