Hiring For Underwriter-U K Mortgage
16 hours ago
Looking for immediate joiners.
Work mode- Work from office only
Transport- One way cab
Shifts- UK Shifts
Must have skills:-
Live Underwriting, Pre- Underwriting, Loan processing, Income calculations.
4C's of mortgage.
Mortgage guidelines.
Role & responsibilities
Responsible for managing pipeline of loans and supporting the processing/Closing
Should be able to identify priority loans & work on them based on TAT
Validate loan information
Exposures in Credit, and collateral reviews
Exposures in mortgage loan documents
Work with onshore processor on follow ups needed with the borrower and 3rd parties
Ensure receipt of all open conditions and package to underwriter for decision making
Validate required info screens; and updating required information
Work on the files as per the guidelines provided by client.
Ability to manually underwrite complex transactions to ensure the loan meets established guidelines.
- should have experience in mortgage insurance guidelines
- Underwriter should have the ability to read the guidelines to determine whether each loan meets
the requisite guideline as specified by the Client.
- Should know how to run the AUS and verify the data integrity off the Desktop UW / Loan Prospector
- Review the Employment Guideline Requirements
- Perform Income calculations (salaried / Self-employed / Rental / Other Incomes)
- Validate all type of Assets including 401K, Bank Statements, Mutual funds etc.,
- Usage of Assets against Income requirement / qualification
- Calculate Debt-to-Income Ratio, Loan-to-value Ratio, Housing Payments
- Review appraisal and perform Property Valuation and use property valuation tools
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