Us Mortgage Underwriter
- IPS Vantage Tech
- 2 - 6 Years
- Mumbai
- 2 years ago
- Email to a friend
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Job Description
Job Title: US Mortgage UnderwriterLocation : Hyderabad
Experience: 3-6 Years
Position Summary: Mortgage Underwriter
The Mortgage OR US Home Loans Underwriter is responsible for performing residential mortgage loan
reviews on client portfolios in accordance with client specific requirements. The Underwriter documents
requirements and identifies issues with respect to data integrity, credit, compliance, valuation and fraud
risk, and is responsible for determining appropriate Credit Risk Grading (CRG) of the loans.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
Review employment documentation and re-calculate income documentation for completeness
and accuracy per guideline requirements.
Verify occupancy status of the borrower aligns with transaction requirements.
Analyze the HUD-1 Settlement Statement to confirm the transaction meets all selling guide
requirements.
Review Legal documents to confirm loan closed per required guidelines.
Review and recalculate asset documentation per guideline requirements.
Review title commitments and policies
Verify proper licensing of parties to loans being reviewed.
Review and analyze borrowers mortgage applications, credit reports and related documents.
Review and analyze real estate purchase contracts
Review state and federal disclosures for compliance
Review property valuation documentation to determine value.
Analyze loan servicing collection comments and payment histories to determine appropriate
disposition.
Analyze individual loan files and determine compliance with applicable lender guidelines.
Determine appropriate risk rating.
Ability to effectively communicate credit review process and conclusions in written and verbal
formats with management.
Evaluate if loans are made within the due diligence of the clients policy and in compliance with
governing laws and regulations.
Perform other duties as assigned.
Required Skills & Qualifications:
Minimum 3 years underwriting experience (mortgage OR US home loans) with exposure to both
manual and automated underwriting environments; preferably in a due diligence environment.
Must have strong knowledge of Jumbo, Non-QM and/or GSE guidelines.
Understanding of RESPA compliance
Experience with RPL/NPL product a plus
Familiarity with capital markets and credit rating agency requirements a plus
Excellent written and verbal communication skills
Excellent time management skills with an emphasis on quality
In depth knowledge and understanding of transaction components that indicate a potential for
fraud
Must be self-motivated, creative and able to work in a team environment while thinking
independently and sharing knowledge and ideas
Must be able to multitask between multiple analytical projects.
Ability to work well under pressure, handle competing priorities and meet deadlines.
A high level of confidentiality to protect privacy rights.
Effectiveness as a team player.
Ability to easily prioritize job duties according to the needs of the company.
Strong sense of professionalism and positivity.
Strong professional and interpersonal communication skills verbally and through written
electronic correspondence.
Excellent listening skills and the ability to use good judgment.
Ability to produce quality work.
Excellent attention to detail
IF INTERESTED, FORWARD YOUR RESUME ON [Confidential Information]
Employement Category:
Employement Type: Full timeIndustry: KPO
Functional Area: Customer Service
Role Category: Operations Manager
Role/Responsibilies: Us Mortgage Underwriter
Contact Details:
Company: IPS Vantage TechLocation(s): Mumbai
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₹ 300000 - 700000
IPS Vantage Tech
Integrated Personnel Services Limited, is an preferred partner for providing human resource services to the best of the industries all across India since year 2004. The expertise lies in providing customized solutions exactly matching to the client’s requirements. With its strong networks and...
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