Underwriter- Remote Option Available

2 weeks ago


Mumbai Maharashtra, India ONZESTT SERVICES INDIA PRIVATE LIMITED Full time

**Company Description**

Onzestt Services India Private Limited is a leading IT-BPO service provider empowering clients to achieve business transformation and growth through services that boost process and operational efficiencies. The company operates since 2019 with an office in Bangalore and has three subsidiaries. Onzestt Healthcare, a medical billing service providing reimbursement and information management services to maximize physician-based practices performance. Onzestt Constructions undertakes large-scale construction and development projects. Onzestt Staffing provides the right workforce for business needs.

**Role Description**
- **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)**_
- **Hybrid.**_

**Salary**: ₹500,000.00 - ₹600,000.00 per year

**Benefits**:

- Work from home

Schedule:

- Night shift

**Experience**:

- total work: 4 years (required)

Work Location: Remote

**Speak with the employer**
+91 9949441323



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