Job Description

Job Role - Senior Underwriter Location - Chennai Shift Timings - US timings ( Night Shift) Working Days - Monday - Friday Experience - 3 - 6 Years Maximum CTC - 7 to 8 Lacs Job Responsibilities - Ability to manually underwrite complex transactions to ensure the loan meets established 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 - Review Credit Report including Credit Scores, Existing liens, payments etc., - Should also review on the alternate / support documents for credit review. - Title review and lien validations - Review loan details in Loan application, Letter of explanations, gift letters - Income verification on Bank statement loans. - Client specific guideline review with alternate documentations - Understanding on Counter offer and Solution the loan - Review on compliance documents Skills Mandatory Hands on experience in MS office applications Good verbal & written communication - Ability to handle demanding working environment and work under pressure Candidates with 2-3 years of mortgage processing experience and a background in Mortgage Originations Ops Willingness to learn / Trainable / Problem solver Attention to detail - Has to be accurate on numbers and deliver in timely manner

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