Mortgage Lending Specialist

2 weeks ago


Nellore, Andhra Pradesh, India beBeeUnderwriter Full time ₹ 9,00,000 - ₹ 12,00,000
Conventional Underwriter Role">

The Conventional Underwriter reviews, conditions and underwrites mortgage loans in accordance with established policies and procedures.

Key Responsibilities include examining all documentation for accuracy and completeness.

Experience:

4 years and above

Education Qualification:

Degree or Equivalent

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.
  • Expertise in 4C's framework (Credit, Capacity, Collateral and Capital),
  • Familiar in Credit report Analysis & LOX (Letter of Explanation).
  • Knowledge on Credit Bureau, Documents to approve the loan, Familiar with different account types.

Job Roles and Responsibilities:

Review and analyse 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 insure the collateral is acceptable to investor and the company.

Key Competencies include Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis | Risk Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios

Additional Responsibilities include Review Initial application - Verify loan, property, borrowers' information with other available documents - Verify borrower's monthly income and expenses - Verify other relevant sections.

Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.

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.

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)

Required skills and qualifications include knowledge of credit bureau and ability to verify loan information.



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