Work with Sales, Transition and Operations team while onboarding new clients.
Create process documentation like standard operating procedure, checklist
Perform Quality audit per business requirements.
Independently analyse loan files to ensure adherence to: Regulations and legal standards governing mortgage lending. Loan programs and guidelines, including superior knowledge of conventional, conforming, non-conforming, and government programs and guidelines.
Make independent decisions regarding acceptability of loan files and approval/denial of loan applications
Critically analyse loan files to ensure that information is compliant with lending guidelines and legal standards, including \xe2\x80\x9cred flags\xe2\x80\x9d, suspicious activity standards, and ethical lending standards
Application of program requirements, lending guidelines, regulations and appropriate credit policies to loan files to approve or deny credit or advise senior management
Work with loan originators and production staff to acquire required documents to verify the income and employment details of the applicant, review the applicant\'s credit profile, analyse financial statements, and consider other information to act on loan and credit requests
Examine loan documentation for accuracy and completeness and determine whether additional information may be required to make a credit decision
Examine and analyse assets, liabilities, income, and debt information related to applicants, to make a credit decision
Evaluate and review appraisal reports and collateral issues related to real estate to determine whether it may properly support the approval of a loan application the loan
Exhibit superior decision-making skills that are supported by relevant details and research
Compare automated underwriting to specific loan-file criteria to determine whether waiver or deviation from suggested guidelines may be appropriate. Exercise sound discretion in such a review to arrive at final decision or recommendation
Utilize automated underwriting systems such as Desktop Underwriter and Loan Prospector to assist in the execution of the duties and responsibilities of the role
May provide training and direction to team members to assure a clear understanding of compliance and lending guidelines, particularly with those intending to eventually serve in an Underwriter role
Possess the authority to withdraw and decline loans. May develop and recommend modifications to underwriting and production procedures if the need exists or circumstances change
Prompt and exhaustive communication (via phone, email or fax) with various parties throughout the process
May respond to individual and investor audits
Other duties as required
Education & Experience Qualifications:
Four or more years of experience as an Underwriter or in the mortgage processing arena
Demonstrated knowledge of mortgage lending regulations and procedures
Demonstrated knowledge of underwriting guidelines and loan documents
Functional efficiency utilizing the DU and LP applications; preferred candidates will have experience with the DE and LP applications, as well as in-depth knowledge of Fannie Mae, FHA, VA, USDA guidelines
Demonstrated ability to communicate, both verbally and in writing, to fellow employees, customers, and external vendors in a professional, articulate, and respectful manner throughout the entire loan process
Demonstrated ability to handle delicate situations with diplomacy and tact
Proven organizational, prioritization and time management skills
Proven experience meeting deadlines, while producing error-free work
Proven strong customer service skills
Strong analytical and auditing skills; along with a firm grasp of mathematical concepts
A passion and desire to continuously improve their style and work productivity
Strong technical skills and ability to work in a paperless environment
Encompass software experience preferred
High school diploma or bachelor\xe2\x80\x99s degree in finance, accounting or related field is preferred.
Job Type: Full-time Salary: Up to \xe2\x82\xb9367,480.83 per year Schedule:
US shift
Experience:
total work: 4 years (Preferred)
Underwriting: 4 years (Preferred)
Ability to Commute:
Bangalore, Karnataka (Required)
Ability to Relocate:
Bangalore, Karnataka: Relocate before starting work (Required)
Work Location: In person Speak with the employer +91 8122097917
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