Us Mortgage Underwriter

**US MORTGAGE UNDERWRITER**

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

**NO VIRTUAL INTERVIEW**

**Experience**: 4-5 years

**Location**:Remote

**Contact: +91 7411978909**

**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.

Pay: ₹800,000.00 - ₹1,200,000.00 per year

Schedule:

- Night shift

**Experience**:

- total work: 4 years (preferred)
- US Mortgage Underwriting: 2 years (required)

Shift availability:

- Night Shift (required)

Work Location: Remote

**Speak with the employer**
+91 7411978909