Senior Mortgage Risk Specialist

2 weeks ago


kollam, India beBeeRisk Full time

Job Title: Risk AnalystRole Summary:Maintain a comprehensive understanding of mortgage loan origination processes, closing procedures, and federal and state lending regulations.Underwriting Role Responsibilities:Maintain a working knowledge of the 4C's of underwriting principles.Experience in end-to-end underwriting of conventional loans, including creditworthiness assessments.Familiarity with desktop underwriting (DU) and loan prospecting (LP) tools is essential.Sound knowledge of Fannie Mae & Freddie Mac guidelines for mortgage lending.Ability to interpret state rules, statutes, federal regulations, and investor guidelines to apply them to specific loan scenarios.Analyze loan files for compliance with regulatory and client guidelines/overlays.Assess income & employment stability, credit strength, capacity to repay, property appraisal, title report; calculate and analyze LTV/CLTV/HCLTV/DTI/HTI ratios, and verify relevant credit decision factors.Calculate diverse income types (wage earner/self-employment/other income).Demonstrate sound decision-making skills to identify red flags and approve or deny files accordingly.Evaluate risk involved in approving loans to determine lender acceptability.Familiarity with various fraud detection tools.Effectively cite conditions for missing documents.Audit files daily from a closing and compliance perspective, noting exceptions.Requirements:Minimum 3+ years of live mortgage underwriting experience.Ability to decipher AUS findings (DU and LP).Background in full origination mortgage processing, loan setup, documentation, closing, title, quality assurance, compliance, underwriting, or assisting with conventional first-mortgage loan products.Excellent verbal and written communication skills are required.


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