Underwriters

2 weeks ago


Bengaluru, India VARITE INDIA PRIVATE LIMITED Full time

Description:
Location: Bangalore

About Us
- Moder formerly known as Archwell Operations is a part of Archwell Holdings founded in 2017.
- We are a tech forward outsourcing company specializing in supporting the US Mortgage, Insurance, and Banking industries.
- We specialize in end-to-end component-based outsourcing, managing one-off projects to becoming an extension of the customer service or operations team.
- Our team is built on industry expertise and provides the traction clients need to grow their company.
- Equipped with diverse tools, platforms, solutions, and services we strive to work towards our mission.
- To positively impact the financial health of companies by powering in-house processes using top
- talent, workflow best practices, and progressive technology.

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 4C's framework (Credit, Capacity, Collateral and Capital),
- Familiar in Credit report Analysis & LOX (Letter of Explanation).
- Knowledge on 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
- 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)


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