US Residential Mortgage Underwriter Jobs in Bangalore - Ssi security & facilities services

US Residential Mortgage Underwriter – Job Description

The underwriter is responsible for verifying and analyzing complex information in order to evaluate and decision on mortgage loan applications.  The underwriter will underwrite in accordance with policy and procedure to ensure mortgage applications meet regulatory guidelines.

Job Duties

• Underwrite and decision loans to comply with state and federal regulations.
• Maintain a working knowledge of Conventional loans. Should knowFannie & Freddie guidelines.
• Knowledge of FHA, VA and/or USDA loans is an added advantage.
• Ensuring compliance with company policies and guidelines.
• Analyze appraisal report and collateral offered in the loan application to determine acceptability and appropriate loan to value ratios for decisions.
• Verify and analyze income to calculate debt to income ratios for decisions. Complex financial statements, asset statements, as well as personal and business income tax returns are analyzed as part of the decisioning process.
• Analyze and review title opinions for decisioning on all loan applications.
• Documenting and effectively communicating reasons for the approval/rejection of loans.
• Decision and review completion of the required conditions to approve loan and communicate requirements to appropriate parties.

Education, Experience and Job Skills

• The applicant must have 2-3 years of recent US residential mortgage – origination/initial underwriting experience.
• Empower experience preferred.

Shift Timings: Rotational including night shift

Week Off : Saturday and Sunday

CTC: Between 5 LPA to 12 LPA depending on the current CTC & quality of the candidate.