Mortgage Underwriting

3 weeks ago

hyderabad, India 2coms Full time
Job Description
Job Description  
 
 
Job Type: Full Time 
Job Summary: Responsible for performing post close audits ensuring 100% adherence to investor 
and agency / non-agency guidelines  
 
 
Job Responsibilities: 
∙Analyse loan files, including Borrower creditworthiness and ability to repay, red flag alerts, 
collateral valuation and worthiness, occupancy and employment verifications, title policies, 
and property insurance 
∙Examine and analyse assets, liabilities, income, and debt information related to applicants, 
which was used to make credit decision 
∙Ensure all debts in credit report are considered for calculating DTI and is compliant with client, 
Reverse Mortgage & FHA guidelinesv 
∙Ensure Financial Assessment requirements are met as per Client, Reverse Mortgage & FHA 
guidelines 
∙Evaluate and review appraisal reports and collateral issues related to real estate in order to 
determine whether it may properly supports the approval of a loan application. 
∙Work on third party verification from ordering stage uptil completion. Ensure validation of re-
verification with original documents and highlight any discrepancies / red flag 
∙Work with relevant parties to acquire required documents in order to verify the income and 
employment details of the applicant, review the applicant's credit profile, analyse financial 
statements, and consider other information in order to act on loan and credit requests. 
∙Ensure all discrepancies in the application files were addressed and properly documented in 
writing 
∙Cure red flags, if any, that makes it eligible for sale in secondary market / investors 
 
 
 
 
 
 
 
 
 
 
Education & Experience: Education & Experience:  
∙Any Bachelor’s or Master’s degree (Any discipline)   
∙Must have a minimum of 3+ year of underwriting audit experience in US Residential Mortgage 
(FHA underwriting experience is mandatory) 
∙Prior exposure to Reverse Mortgage will be an added advantage 
∙Post-close underwriting experience would add to selection possibility 
∙Ability to effectively communicate to lines of business and senior management 
∙Effective oral and written communication skills 
∙Fast paced with attention to detail 
∙Hands on experience in Outlook and MS Office Tools 
 
 
Working Hours:  
∙Should be flexible to night shift 
 
 
Work Location:  
∙Should be flexible to work out of office full time from Mumbai  
Requirements
Analyse loan files, including Borrower creditworthiness and ability to repay, red flag alerts, collateral valuation and worthiness, occupancy and employment verifications, title policies, and property insurance ∙Examine and analyse assets, liabilities, income, and debt information related to applicants, which was used to make credit decision ∙Ensure all debts in credit report are considered for calculating DTI and is compliant with client, Reverse Mortgage & FHA guidelinesv ∙Ensure Financial Assessment requirements are met as per Client, Reverse Mortgage & FHA guidelines ∙Evaluate and review appraisal reports and collateral issues related to real estate in order to determine whether it may properly supports the approval of a loan application. ∙Work on third party verification from ordering stage uptil completion. Ensure validation of re- verification with original documents and highlight any discrepancies / red flag ∙Work with relevant parties to acquire required documents in order to verify the income and employment details of the applicant, review the applicant's credit profile, analyse financial statements, and consider other information in order to act on loan and credit requests. ∙Ensure all discrepancies in the application files were addressed and properly documented in writing ∙Cure red flags, if any, that makes it eligible for sale in secondary market / investors

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