Altisource - Underwriting Analyst - US Mortgages

- Maintain a working knowledge of US Mortgage Originations, closing procedures, federal and state lending laws.

- Must have good working knowledge of all 4C's of underwriting.

- Experience in end-to-end underwriting of Conventional loans.

- Must have strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP).

- Sound knowledge of Fannie Mae & Freddie Mac Guidelines.

- Interpret state rules, statute laws, federal regulations & investor guidelines and apply them to specific loans.

- Review loan file for compliance with all regulatory and client's guidelines/overlays

- Analyze income & employment, credit strength, capacity to repay, property appraisal, title report; calculate and analyze LTV/CLTV/HCLTV/DTI/HTI, check all other information relevant to the credit decision process on each mortgage application.

- Calculate all types of income (Wage earner/self-employment/Other income etc.).

- Good decision maker in identifying all types of red flags and Approving or Denying the file accordingly.

- Analyze the risk involved in approving a loan to determine whether it is acceptable to the lender.

- Working knowledge of various fraud tools.

- Cite conditions for the missing documents in an effective manner.

- Audit the file from a closing & compliance standpoint on daily basis and note any exceptions.

Experience

- 3+ years of live Mortgage Underwriting experience

- Ability to obtain and decipher AUS findings (DU and LP)

- Experience in full origination mortgage processing, loan set up, loan documentation, closing, title, quality assurance, compliance, underwriting, or assisting with conventional first mortgage loan products

- Good verbal and written communication skills