Live Underwriter

Job Details:

Role: Live underwriter

Experience: 3 - 12 years

Location: PAN India

Notice Period (if applicable): Immediate to 60 Days' Notice period

Employment Type: Full time

Work mode - Remote

Job Roles and Responsibilities:

- Review and analyse mortgage loan applications 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 ensure the collateral is acceptable to the investor and the company.

- Possess knowledge of Lending & Underwriting Guidelines, Credit & Income Analysis, Cash Flow Analysis, Risk Assessment, Loan-to-Value Ratios, and Debt-to-Income Ratios.

- Review initial applications verify loan, property, and borrower information with supporting documents.

- Verify borrowers monthly income and expenses and other relevant sections.

- Review all documents related to borrowers Credit, Capacity, Collateral, and Capital.

- Calculate assets required for closing and reserve purposes as per guidelines.

- Make independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.

- Provide final approval underwriting of mortgage loans.

- Complete all required paperwork and forms in a timely and accurate manner.

- Sign off conditions within timelines set by management.

- Work with staff and management to find solutions for escalated loans.

- Recommend improvements for internal audit policies and practices when necessary.

- Manage loans using all functions of Encompass.

- Effectively communicate underwriting decisions with processors and advisors.

- Maintain a high level of customer service and communication with other departments.

- Perform other duties as assigned