Live Underwriter

**LIVE UNDERWRITER FOR US MORTGAGE - EXPERIENCE OF 2 YEARS IN US MORGAGE PROCESS IS A MUST**

**WALKIN INTERVIEW IN CHENNAI ON 26 & 27 JAN 2024 (SKILL ASSESSMENT ROUND)**

**NO VIRTUAL INTERVIEW**

Contact: +91 7411978909

Experience: 4-5 years

Location: Remote work

Work Timings: Remote (Full Time), Work from Home

Skill Set: 4C's framework, Live Underwriting, Income Calculation, Debt-to-Income (DTI) Ratio Calculation, Underwriting

Joining: Immediate Joiner

Qualification: Graduate

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.

**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.

**Salary**: ₹600,000.00 - ₹1,400,000.00 per year

**Benefits**:

- Health insurance
- Paid time off
- Work from home

Schedule:

- Night shift

Supplemental pay types:

- Performance bonus
- Shift allowance

**Experience**:

- total work: 1 year (preferred)

Work Location: Remote

**Speak with the employer**
+91 7411978909