QA Underwriter/ Us Mortgage Underwriter

6 months ago

Mumbai Maharashtra, India Mumbai Rozgaar Private Limited Full time

**JD of QA Underwriter**
**Permanent night shift**
- Analyze borrowers credit profile, collateral, and capacity to repay the proposed mortgage obligation
- Perform thorough analysis of the applicant's income and expense data, self-employment documentation, credit

reports, and property valuations to affirm borrower qualifies for loan

specific loans for effective sale in the secondary market
- Accurately calculate borrowers income and debt-to-income ratios
- Quick with making decisions on the credit worthiness of the borrower based on underwriting guidelines
- Understands policy and procedures for approving loans; loan-to-value (LTV) and debt-to-income (DTI) ratios by
- Responsible for identifying various Mortgage loan documents and index them in sixty plus pre-defined categories
- Intelligent data capture from source documents as per defined business rules
- Order services which include but not limited to Appraisal, Flood Determination Certificate, VOD/VOR/VOM as required, Tax transcripts, SSA-89, Home insurance, Prelim report
- Review and update information in Loan Originating System (LOS) as per submission documents
- Update information in LOS if discrepancy exists
- Perform compliance check
- Notify the Client Processing team of completion

Other Responsibilities - Error Analysis
- Publishing Quality Dashboard
- Meeting goals as per the defined key result areas
- Maintaining a track of daily processed transactions and reporting on a timely and accurate manner to the Process Supervisor / Team lead
- Appearing and qualifying all periodic process assessments with defined benchmark scores
- Adherence to process SLAs
- Best practice sharing
- Help in cascading process updates Information security related roles and responsibilities
- Implement and act in accordance with the organization’s information security policy
- Protect assets from unauthorized access, disclosure, modification destruction or interference
- Execute particular security processes or activities as may be assigned by the superior
- Be accountable and responsible for actions taken
- Report breaches of security events or other security risks to the organization

**Expected Qualification:

- **
Graduate and or Post Graduate
Science/ Commerce graduates
Medium of education English

**Experience-**
24 months experience in the US mortgage industry

Desired Skills and Experience
- **Three years of US underwriting experience with knowledge of FHA, VA and conventional Mortgage underwriting in bank or mortgage company environment**
- Should possess in-depth knowledge of critical documents used for a mortgage transaction such as appraisal report, title commitments, all types of income documents including personal and business tax returns
- Thorough knowledge of the required credit criteria of the assigned loan products and channel of business
- **Excellent written communication skills **with proper grammar, able to summarize crisp and clear requirements
- Good computer skills particularly with Excel and Word
- Strong attention to detail and multi-tasking abilities
- Expert knowledge of Desktop Underwriter (DU) & Loan Prospector (LP)
- Extensive knowledge of all mortgage loan documentation
- Categorical understanding of the mortgage lending process
- Ability to carry out requisite loan calculations (DTI, LTV, etc.)
- Capable of preparing reports of findings
- Ability to handle multiple files simultaneously
- Perform well in team environments

**Behavioral Skills**:

- Meticulous Approach
- Industrious and diligent
- Positive attitude and strong work ethics
- Ability to manage multiple tasks/projects and deadlines simultaneously

9321643306

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

Schedule:

- Night shift

Work Location: In person

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