Live Underwriter (Full Time)

Prerana Educational and Charitable Trust

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’ information with other available documents - Verify borrower's monthly income and expenses - Verify other relevant sections.

• Review all the documents related to borrower’s 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’s 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

• Recent 2+ years of experience in Live Underwriting.

• Minimum 4 years of experience in conventional/govt end to end underwriting.

• Well-versed with all 4C’s of Underwriting (Asset, Income, Credit and Collateral)

• US Mortgage Process (Only Night Shifts)

• Experience

  4 - 10 Years

• No. of Openings

  25

• Education

  B.A, B.B.A, B.C.A, B.Com, M.A, M.B.A/PGDM, M.C.A, M.Com, Any Bachelor Degree, Post Graduate Diploma

• Role

  Underwriter

• Industry Type

  Accounting / Finance

• Gender

  [ Male / Female ]

• Job Country

  India

• Type of Job

  Full Time

• Work Location Type

  Work from Home