Non-qm Underwriter

EXPERIENCE AND KNOWLEDGE
- **Experience of more than 3 to 5 Years in US Mortgage Industry and minimum 2 years in core Underwriting.**:

- Well versed with all 4 Cs of Underwriting
- **Knowledge of Non-Agency/Non-QM (Jumbo loans) underwriting guidelines demonstrated through a minimum of 1+ years’ experience of Manual underwriting.**:

- Knowledge of major Non-QM lenders’ guidelines such as Chase, Wells Fargo, US Bank etc.
- **Knowledge of Bank statement only programs, asset-based income programs is added advantage.**:

- In depth knowledge of Agency guidelines for Conventional loans (FNMA & FHLMC), FHA, VA, USDA etc will added advantage.
- **Detailed understanding of Mortgage documents including Income, Credit, Asset, Appraisal, other underwriting and compliance documents.**:

- Knowledge of income, LTV and DTI ratios calculation.
- **Knowledge of multiple mortgage processing software like Encompass. Empower etc. will be added benefit.**:

- Excellent written and oral communication skills in addition to interpersonal skills.
- **Strong problem-solving and analytical skills.**:

- Ability to work independently, with mínimal supervision.
- Ability to research and provide accurate resolution to queries and escalations.

**DUTIES AND RESPONSIBILITIES**:

- **Live/Post Close Manual Underwriting/QC of loan files as per Fannie Mae, Freddie Mac, Client/Investor (Chase, Wells Fargo, US Bank etc.) guidelines as required.**:

- Reviewing the Borrower profile including Credit, Income, Assets, Collateral, Compliance and other Lending risks such as interested party involvements as per agency/investor guidelines.
- **Reviewing loan files thoroughly to assess the risks associated with loans and providing approval/denial basis on the information provided.**:

- Reviewing all types of incomes (salaries, rental and self-employed) documents to determine the appropriate and reliable amount of income to be used for qualifying the borrowers.
- **Assessing borrowers’ creditworthiness by reviewing their Credit Reports and by other credit documents.**:

- **Reviewing Asset documents to verify borrower’s net worth and liquidity for cash to close and reserve requirements.**:

- Reviewing all other documents related to underwriting, identifying red flags for the compliance to State and Federal laws.
- **Identifying the derogatory events/accounts associated with borrowers to comply with the waiting period requirements.**:

- Providing recommendation based on the loan review such as Approved, Suspend and Denied/Ineligible etc.
- **Maintain the reports as required by the process and management.** Providing training and assistance to junior team members. Educational Qualification Graduate in any Stream.

**Benefits**:

- Cell phone reimbursement
- Commuter assistance
- Health insurance
- Life insurance
- Provident Fund
- Work from home

Schedule:

- Night shift
- US shift

Work Location: In person