
Mortgage Loan Underwriter
6 days ago
About the Role:
The Conventional Underwriter reviews and underwrites mortgage loans in accordance with established policies, guidelines, and procedures. The Underwriter examines all documentation for accuracy and completeness.
Responsibilities:
- Review and analyze mortgage loan applications to ensure eligibility, accuracy, and compliance with internal and regulatory guidelines.
- Review all required loan data, reports, and inspections to ensure the collateral is acceptable to investors and the company.
- Apply knowledge of lending and underwriting guidelines, credit analysis, income analysis, cash flow analysis, risk assessment, loan-to-value ratios, and debt-to-income ratios.
Required Skills and Qualifications:
- Candidate must have experience in live underwriting and real-time analysis.
- Excellent skills in income calculation and debt-to-income ratio calculation.
- Expertise in 4C's framework (credit, capacity, collateral, and capital).
- Familiarity in credit report analysis and LOX (letter of explanation).
- Knowledge on credit bureau documents and account types.
Benefits:
- US Mortgage Process expertise
- Work From Home/Remote
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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