
Mortgage Loan Specialist
4 days ago
The Conventional Underwriter role involves reviewing, conditioning and underwriting mortgage loans in accordance with established policies and procedures. Examine all documentation for accuracy and completeness.
Experience:
A minimum of 4 years in a similar position is required. Degree or Equivalent is essential.
Preference: US Mortgage Process (Only Night Shifts), Work From Home/Remote
Key Required Skills:
Candidate must have experience in live underwriting & Real Time Analysis. Excellent at Income Calculation and Debt-to-Income(DTI) Ratio Calculation.
Familiarity with Credit report Analysis & LOX (Letter of Explanation). Knowledge on Credit Bureau, Documents to approve the loan, Familiar with different account types.
Job Responsibilities:
Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
Review all required loan data, reports, and inspections to ensure 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
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.
Maintain high level of customer service and communication with other departments.
Qualification & Experience:
Degree or Equivalent
Minimum 3 years of experience in conventional/govt end to end underwriting.
Well-versed with all 4C's of Underwriting (Asset, Income, Credit and Collateral)
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