Underwriting Specialist

2 weeks ago


Bengaluru, Karnataka, India Altisource Full time ₹ 6,00,000 - ₹ 12,00,000 per year

Role & responsibilities

  • Maintain a working knowledge of US Mortgage Originations, closing procedures, federal and state lending laws.
  • Must have good working knowledge of all 4Cs of underwriting.
  • Experience in end-to-end underwriting of Conventional loans.
  • Must have strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP).
  • Sound knowledge of Fannie Mae & Freddie Mac Guidelines.
  • Interpret state rules, statute laws, federal regulations & investor guidelines and apply them to specific loans.
  • Review loan file for compliance with all regulatory and client's guidelines/overlays
  • Analyze income & employment, credit strength, capacity to repay, property appraisal, title report; calculate and analyze LTV/CLTV/HCLTV/DTI/HTI, check all other information relevant to the credit decision process on each mortgage application.
  • Calculate all types of income (Wage earner/self-employment/Other income etc.).
  • Good decision maker in identifying all types of red flags and Approving or Denying the file accordingly.
  • Analyze the risk involved in approving a loan to determine whether it is acceptable to the lender.
  • Working knowledge of various fraud tools.
  • Cite conditions for the missing documents in an effective manner.
  • Audit the file from a closing & compliance standpoint on daily basis and note any exceptions.

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