Live Underwriter-remote

2 weeks ago


Mumbai Maharashtra, India Smartmovess consultant zone Full time

Live Underwriter

Min Experience
- 4 yr

Budget
- (₹8L - ₹12L)

Immediate Joiner

Job Overview:
The Conventional Underwriter reviews, conditions and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

Key

**Required Skills**:
Excellent at Income Calculation and Debt-to-Income(DTI) Ratio Calculation.

Expertise in 4Cs framework (Credit, Capacity, Collateral and Capital),

Familiar in Credit report Analysis & LOX (Letter of Explanation).

Knowledge on Residential Mortgage
- Credit Bureau, Documents to approve the loan, Familiar with different account types.

Job Roles and Responsibilities:

- Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor and the company.
- Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis | Risk Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios.
- Review all the documents related to borrower’s Credit, Capacity, Collateral and Capital.
- Calculate asset required for closing and reserve purpose for the transaction (as per guideline)
- Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
- Provides final approval underwriting of mortgage loans.
- Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.
- Sign off conditions in a timely manner set by management.
- Work with staff and management to find solutions on escalated loans.
- May be requested to make recommendations for improving Internal Audit’s policies and practices.
- Manage loans by using all functions of Encompass.
- Effectively communicate underwriting decisions with processors and advisors
- Maintain high level of customer service and communication with other departments.
- Other duties as assigned.

Qualification & Experience:

- Degree or Equivalent
- Recent 2+ years of experience in Live Underwriting.
- Minimum 4 years of experience in conventional/govt end to end underwriting.
- Well-versed with all 4C’s of Underwriting (Asset, Income, Credit and Collateral)
- US Mortgage Process (Only Night Shifts)
- Remote.

**Job Types**: Full-time, Permanent

**Salary**: ₹800,000.00 - ₹1,200,000.00 per year

Schedule:

- Day shift
- Monday to Friday
- Morning shift

**Experience**:

- total work: 1 year (preferred)

Ability to Commute:

- Mumbai, Maharashtra (required)

Ability to Relocate:

- Mumbai, Maharashtra: Relocate before starting work (required)

Work Location: In person

**Speak with the employer**
+91 09205936567



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