Loan Originator

5 days ago


erode, India beBeeUnderwriting Full time

Job Summary We are seeking a highly skilled Mortgage Underwriter to join our team. The successful candidate will be responsible for ensuring that all mortgage applications meet the required regulatory and client guidelines. The ideal candidate should have a strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP), as well as sound knowledge of Fannie Mae & Freddie Mac Guidelines. They will be required to interpret state rules, statute laws, federal regulations & investor guidelines and apply them to specific loans. Responsibilities include reviewing loan files for compliance with all regulatory and client's 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. They will also calculate all types of income (Wage earner/self-employment/Other income etc.), make good decisions in identifying all types of red flags and Approving or Denying the file accordingly, analyze the risk involved in approving a loan to determine whether it is acceptable to the lender. Additional responsibilities include working knowledge of various fraud tools, citing conditions for the missing documents in an effective manner, auditing the file from a closing & compliance standpoint on daily basis and noting any exceptions.



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