Job Description

Description:

Location: Bangalore

About Us

• Moder formerly known as Archwell Operations is a part of Archwell Holdings founded in 2017.
• We are a tech forward outsourcing company specializing in supporting the US Mortgage, Insurance, and Banking industries.
• We specialize in end-to-end component-based outsourcing, managing one-off projects to becoming an extension of the customer service or operations team.
• Our team is built on industry expertise and provides the traction clients need to grow their company.
• Equipped with diverse tools, platforms, solutions, and services we strive to work towards our mission.
• To positively impact the financial health of companies by powering in-house processes using top
• talent, workflow best practices, and progressive technology.

Link - https://www.gomoder.com/about-moder

Job Overview:

• The Conventional Underwriter reviews, conditions and underwrites mortgage loans in accordance
• with established policies and procedures and appropriate guidelines; examines all documentation for
• accuracy and completeness.

Key Required Skills: -

• Excellent at Income Calculation and Debt-to-Income (DTI) Ratio Calculation.
• Expertise in 4C\'s framework (Credit, Capacity, Collateral and Capital),
• Familiar in Credit report Analysis & LOX (Letter of Explanation).
• Knowledge on Credit Bureau, Documents to approve the loan, Familiar with different account types.

Job Roles and Responsibilities:

• Review and analyse the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.

• Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor and the company.
• Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis |
• Risk Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios
• Review Initial application - Verify loan, property, borrowers\xe2\x80\x99 information with other available documents - Verify borrower\'s monthly income and expenses - Verify other relevant sections.
• Review all the documents related to borrower\xe2\x80\x99s Credit, Capacity, Collateral and Capital.
• Calculate asset required for closing and reserve purpose for the transaction (as per guideline)
• Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
• Provides final approval underwriting of mortgage loans.
• Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.
• Sign off conditions in a timely manner set by management.
• Work with staff and management to find solutions on escalated loans.
• May be requested to make recommendations for improving Internal Audit\xe2\x80\x99s policies and practices.
• Manage loans by using all functions of Encompass.
• Effectively communicate underwriting decisions with processors and advisors
• Maintain high level of customer service and communication with other departments. Other duties as assigned.

Qualification & Experience

• Degree or Equivalent
• Minimum 4 years of experience in conventional/govt end to end underwriting.
• Well-versed with all 4C\xe2\x80\x99s of Underwriting (Asset, Income, Credit and Collateral)
• US Mortgage Process (Only Night Shifts)

Varite