4C Underwriter - US Residential Mortgage - Chennai
- client Golden
- 3 - 8 years
- Chennai
- 4 days ago
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Job Description
Job Title Live/Full Underwriter (US residential mortgage) - Chennai
Job Description:
3-8 yrs of experience in US residential mortgage, Underwriter industry regulations and procedures.
Income Calculation:
- Analyse borrower income using pay stubs, W-2s, tax returns (1040), and verification of employment
- Calculate income for salaried, hourly, self-employed, commission, bonus, and overtime borrowers
- Perform YTD, average, and trending income calculations
- Review tax schedules (Schedule C, E, K-1) for self-employed income
- Identify income stability, continuity, and red flags as per guidelines
- Ensure compliance with FNMA (Fannie Mae), FHLMC (Freddie Mac), FHA, VA, and USDA guidelines
- Document income calculations clearly for underwriter review
- Maintain quality standards, TAT, and SLA requirements
Loan Application Review:
- Analyse and verify loan applications, ensuring all required documents are complete and accurate.
- Assess the borrower's credit history, employment, income, and debt levels.
- Confirm the property's value through appraisal reports.
Credit and Financial Analysis:
- Evaluate credit reports to determine the borrower's creditworthiness.
- Analyse financial statements, tax returns, pay stubs, and other income documentation.
- Calculate debt-to-income (DTI) ratios and loan-to-value (LTV) ratios. Property Valuation Review:
- Review appraisals and alternative value products for conformity to client-specified requirements to assess the accuracy of the property valuation.
Compliance and Risk Assessment:
- Ensure loans comply with all federal, state, and local regulations.
- Adhere to company policies and guidelines.
- Identify potential risks and assess the overall risk level of the loan.
- Excellent analytical and problem-solving skills.
- Detail-oriented with exceptional organizational abilities.
- Proficiency in using mortgage processing software and financial tools.
- Effective communication and interpersonal skills.
Interested candidate can share updated resume to br****a@go***s.biz
Job Classification
Industry: Financial ServicesFunctional Area / Department: BFSI, Investments & TradingRole Category: LendingRole: Credit AnalystEmployement Type: Full timeContact Details:
Company: client GoldenLocation(s): Chennai
Keyskills: Credit Underwriting 4c Mortgage Underwriting Income Calculation Underwriting US Mortgage Residential Mortgage fredd VA Freddie Ma Us Mortgage Underwriting conventional Fannie Mae Capacity USDA FHA Collaterals
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client Golden
Golden Opportunities, is a leading Recruitment and Training firm. We present apt Opportunities to meet your needs at the right time. We ensure that the aspirations of our clients and candidates are met with. We have built a strong multifaceted client base across verticals and industries. We have be...
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