Conventional Loan Specialist

1 week ago


Vizag, Andhra Pradesh, India beBeeMortgage Full time ₹ 10,00,000 - ₹ 18,00,000
US Mortgage Underwriter Job SummaryThe Conventional Underwriter plays a crucial role in reviewing and underwriting mortgage loans according to established policies and procedures.Key Responsibilities:
  • Review and analyze mortgage loan applications for eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines
  • Examine all documentation for accuracy and completeness
  • Make independent decisions regarding acceptance and risk of loans according to HUD, investor guidelines
  • Provide final approval underwriting of mortgage loans
Requirements:
  • Degree or Equivalent
  • Minimum 3 years of experience in conventional/govt end-to-end underwriting
  • Well-versed with the 4C's of Underwriting (Asset, Income, Credit, and Collateral)
Skills:
  • Excellent at Income Calculation and Debt-to-Income (DTI) Ratio Calculation
  • Expertise in the 4C's framework (Credit, Capacity, Collateral, and Capital)
  • Familiar with Credit report Analysis & LOX (Letter of Explanation)
  • Knowledge on Credit Bureau, Documents to approve the loan, Familiar with different account types

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