Mortgage Underwriter
Year Chennai, Tamil Nadu, India
Job Description
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Roles & Responsibilities:Essential duties shall include but not necessarily be limited to:
- Loan File Inventory: ensuring residential mortgage loan packages contain all necessary documentation required to formulate a complete assessment.
- Credit Review: assess all elements of the credit decisioning process undertaken to approve the loan including underwriting guidelines, income calculation and validation of assets.
- Fraud Review: review the credit package and related background search on mortgage loan borrowers to identify potential fraud risks.
- Property Valuation Review: review appraisals and alternative value products for conformity to client specified requirements to assess accuracy of the property valuation.
- Legal Doc Review: assess all legal documents included in residential mortgage loan files to ensure proper execution, enforceability, and sufficiency for title perfection.
- Regulatory Compliance Review: gather regulatory compliance data elements from the loan file for capture in the due diligence review system.
- Servicing History Review: review the servicing history of residential mortgage loans by assessing payment histories and servicing commentary in a manner consistent with client requirements.
- Credit Risk Grading: leveraging the utility of the due diligence review system, assess loan quality grades based on client specifications and standards set forth within applicable credit rating agency grading criteria.
- Essential Skills: Essential to success in this role as a Due Diligence Mortgage Underwriter, the candidate must satisfy the following requirements:
- Experience: underwriting residential mortgage loans with demonstrable proficiency in understanding underwriting guidelines and an understanding of mortgage loan regulatory compliance
- Computer Skills: strong background with the use of computer programs used to manufacture or review mortgage loans and standard knowledge of Microsoft Office product suite.
- Candidates demonstrating the following attributes will have an increased chance of success in the role:
- Servicing review experience.
- Familiarity with credit rating agency review standards.
- Strong written communication skills.
- Bachelors degree preferred.
- Soft skills: time management, thoughtfulness, reason, and problem solving, and professional communication.
- Commuter assistance
- Health insurance
- Provident Fund
- Day shift
- Monday to Friday
- Night shift
- US shift
- Performance bonus
- Yearly bonus
- What is your notice period?
- Mortgage servicing: 2 years (Required)
- Chennai, Tamil Nadu (Required)
- Night Shift (Required)
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Job Detail
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Job IdJD3324820
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationChennai, Tamil Nadu, India
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EducationNot mentioned
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ExperienceYear