Us Mortgage Live Underwriter
5 months ago
**Job description**
**Key Responsibilities**
**Loan Application Review**:
- Assess the borrower's credit history, employment, income, and debt levels.
- Confirm the property's value through appraisal reports.
**Credit and Financial Analysis**:
- Evaluate credit reports to determine the borrower's creditworthiness.
- Analyze financial statements, tax returns, pay stubs, and other income documentation.
- Calculate debt-to-income (DTI) ratios and loan-to-value (LTV) ratios.
**Compliance and Risk Assessment**:
- Ensure loans comply with all federal, state, and local regulations.
- Adhere to company policies and guidelines.
- Identify potential risks and assess the overall risk level of the loan.
**Decision Making**:
- Issue conditions for approval and ensure all conditions are met before finalizing the loan.
- Communicate decisions and conditions to loan officers and other stakeholders.
**Documentation and Record-Keeping**:
- Document all communications and decisions made during the underwriting process.
- Prepare reports summarizing loan status and underwriting outcomes.
**Collaboration and Communication**:
- Work closely with loan officers, processors, and other team members to gather the necessary information.
- Provide guidance and support to loan officers regarding loan structuring and compliance issues.
- Communicate effectively with borrowers to clarify any issues or request additional information.
**Continuous Improvement**:
- Stay updated on industry trends, changes in regulations, and new underwriting practices.
- Participate in training sessions and professional development opportunities.
- Suggest improvements to underwriting policies and procedures to enhance efficiency and accuracy.
**Experience**:
- 2 years of experience in mortgage underwriting or a related field.
**Salary**:
**6-7 LPA**
**Work From Home**
Pay: ₹600,000.00 - ₹700,000.00 per year
Schedule:
- Monday to Friday
- Night shift
- US shift
**Experience**:
- Live under writer: 3 years (required)
Work Location: In person
**Speak with the employer**
+91 7982312930
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