US Underwriting Role - Mortgage Loan - Residential Writing

Salary range: 9 -11 LPA

US Underwriting (US Residential writing)

- Performs full review of mortgage applications, verifies accuracy of information entered into processing systems

- Analyze borrowers credit profile, collateral and capacity to repay the proposed mortgage obligation

- Perform thorough analysis of applicant's income and expense data, self-employment documentation, credit reports, and property valuations in order to affirm borrower qualifies for loan

- Interpret credit policy guidelines and investor guidelines (all FNMA, FHLMC, FHA, VA & USDA) and apply them to specific loans for effective sale in the secondary market

- Accurately calculate borrowers income and debt-to-income ratios

- Quick with taking decisions on the credit worthiness of the borrower based on underwriting guidelines

- Assembles documents in loan file, approves or rejects loan application or requests additional information within reasonable time frame to originating mortgage loan officer

- Records loan rejection, specifying investor and guidelines and basis for declining applications.

- Understands policy and procedures for approving loans; loan-to-value (LTV) and debt-to-income (DTI) ratios by using income, assets, property appraisals and uses sound judgment on applications reviewed.

- Responsible for identifying various Mortgage loan documents and index them in sixty plus pre-defined categories

- Intelligent data capture from source documents as per defined business rules

- Order services which includes but not limited to Appraisal, Flood Determination Certificate, VOD/VOR/VOM as required, Tax transcripts, SSA-89, Home insurance, Prelim report

- Review and update information in Loan Originating System (LOS) as per submission documents

- Update information in LOS if discrepancy exists

- Perform compliance check

Notify Client Processing team on completion

Furnish following details in resume while applying :

Current CTC :
Expected CTC :
Notice Period :
Experience :