Job Description

Designation: Underwriter / Senior Underwriter - US Residential Mortgage
Location: Work From Home (WFH) - Chennai
Shift: US Shift (Night shift)
Week Off: Saturday & Sunday
:
Position Overview :

• Candidates should have a total 5+ years of US mortgage underwriting experience
• Well versed with FNMA. FHLMC, knowledge of GNMA and investor guidelines is an additional benefit
• Should have good analytical and problem-solving skills
• Should have decision-making skill when applying in business judgment
• Evaluate complete loan documents and should provide approval or denial decision
• Complete review of credit report to verify trade lines, derogatory accounts, public records and credit

reconciliation

• Thorough income calculation - Salaried income, business income, retired other income and rental

income

• Complete review of Collateral and property valuation
• Assets verification includes borrower's bank account statement, retirement accounts, mutual funds

and other investments.

• Credit analysis based on borrower's Income, Asset, Liability and Collateral (4C of Underwriting) to

determine the credit worthiness of a customer

• Validating and processing the Loan documents on behalf of a Mortgage lender organization.
• Evaluating evidence of borrower's willingness and ability to repay the obligation
• Good communication, Presentation skills, Self-motivated and hard working

Key Responsibilities
1. Loan File Review Examine all documents submitted by the borrower (income, assets, credit, property
details). Ensure the file is complete and accurate.
2. Income & Employment Verification Confirm the borrower has a stable and sufficient income. Use pay stubs, W-2s, tax returns, and employment letters.
3. Asset Verification Check if the borrower has enough funds for down payment, closing costs, and
reserves. Review bank statements, investment accounts, and gift letters.
4. Credit Analysis Review credit reports to assess the borrower's repayment history and
creditworthiness. Look at credit scores, debt-to-income (DTI) ratios, and payment history.
5. Property Appraisal Review Ensure the property value supports the loan amount. Check for appraisal
accuracy and compliance.
6. Compliance Check Make sure the loan meets all regulatory and investor guidelines. Follow rules from
agencies like CFPB, FHA, VA, and others.
7. Decision Making Approve, suspend, or deny the loan based on risk assessment. Document the rationale for each decision.
Required Skills

• US Residential Mortgage experience
• Live Underwriting & Post-Closing Underwriting experience
• (Pre-closing or just post-closing experience is not eligible)
• Specialization in Income & Asset segment of underwriting
• Knowledge of underwriting processes & guidelines
• Strong critical thinking, problem-solving, and judgment skills

Skills Required