Us Mortgage

**Job Description: US Residential Mortgage Underwriter (MSP exp mandatory)**

**100% Work from Office at Chennai (07:30pm - 04:30 am IST)**

**DESCRIPTION**:
The Underwriter will be responsible for assessing residential mortgage loans for

adherence to investor criteria including but not limited to those criteria stipulated by the

nationally recognized statistical rating organizations for third party review of residential

mortgage loans. This assessment will encompass aspects of data quality, credit decisioning, regulatory compliance, fraud screening, property valuations and servicing history.

**DUTIES**:
Essential duties shall include but not necessarily be limited to:

- **Loan File Inventory**: ensuring residential mortgage loan packages contain all

necessary documentation required to formulate a complete assessment.
- **Credit Review**: assess all elements of the credit decisioning process undertaken

to approve the loan including underwriting guidelines, income calculation and

validation of assets.
- **Fraud Review**: review the credit package and related background search on

mortgage loan borrowers to identify potential fraud risks.
- **Property Valuation Review**: review appraisals and alternative value products for

conformity to client specified requirements to assess accuracy of the property

valuation.
- **Legal Doc Review**: assess all legal documents included in residential mortgage

loan files to ensure proper execution, enforceability, and sufficiency for title

perfection.
- **Regulatory Compliance Review**: gather regulatory compliance data elements

from the loan file for capture in the review system.
- **Servicing History Review**:review the servicing history of residential mortgage

loans by assessing payment histories and servicing commentary in a manner

consistent with client requirements.
- **Credit Risk Grading**: leveraging the utility of the review system,

assess loan quality grades based on client specifications and standards set forth

within applicable credit rating agency grading criteria.

**Required Education and Experience**:

- Experience: minimum **3-8 years** underwriting residential mortgage loans with demonstrable proficiency in understanding underwriting guidelines and an understanding of mortgage loan regulatory compliance
- Strong background with the use of computer programs used to manufacture or review mortgage loans and standard knowledge of Microsoft Office product suite.

**Desirable Attributes**:

- Servicing review experience
- Familiarity with credit rating agency review standards
- Strong written communication skills
- Bachelor’s or master’s degree preferred
- Soft skills: time management, thoughtfulness, reason, and problem solving, and professional communication

**IMMEDIATE JOINERS ARE PREFERRRED**

**Job Types**: Full-time, Permanent

**Salary**: ₹350,000.00 - ₹600,000.00 per year

**Benefits**:

- Health insurance
- Provident Fund

Schedule:

- Night shift

Supplemental pay types:

- Performance bonus

**Experience**:

- total work: 3 years (required)

Work Location: In person