Loan Review Specialist

4 days ago


guntur, India beBeeUnderwriter Full time

Job Opportunity:The Underwriter role requires a professional with expertise in US Mortgage Originations, closing procedures, federal and state lending laws.Key Responsibilities include:Maintaining a working knowledge of the 4C's of underwriting.Experience with end-to-end underwriting of Conventional loans.A strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP).Sound knowledge of Fannie Mae & Freddie Mac Guidelines.Reviewing loan files for compliance with all regulatory and client guidelines/overlays.Analyzing income & employment, credit strength, capacity to repay, property appraisal, title report; calculating and analyzing LTV/CLTV/HCLTV/DTI/HTI, checking all other information relevant to the credit decision process on each mortgage application.Calculating various types of income (Wage earner/self-employment/Other income etc.).Making sound decisions in identifying red flags and Approving or Denying the file accordingly.Analyzing the risk involved in approving a loan to determine whether it is acceptable to the lender.Working knowledge of various fraud tools.Citing conditions for missing documents in an effective manner.Auditing the file from a closing & compliance standpoint on a daily basis and noting any exceptions.



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