Job Description

Company Name : VARITE India Private LimitedAbout The Client:
The Client is an American-owned company based in the US with offices in India and the Philippines. A tech-forward outsourcing company specializing in supporting the US mortgage, insurance, and banking industries.+
Relevant Experience in US Mortgage Add Exp
Relevant Experience in Residential Underwriter
Relevant Experience in Live Underwriter
Relevant Experience in Post Closing Underwriter
Relevant Experience in 4 csAbout The Job:

• 4years and above; recent experience of min 2 two years in Live Underwriting.

Essential Job Functions:

• Review and analyse the mortgage loan application 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 insure the collateral is acceptable to investor and the company.
• Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis | Risk Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios
• Review Initial application - Verify loan, property, borrowers information with other available documents - Verify borrower's monthly income and expenses - Verify other relevant sections.
• Review all the documents related to borrowers Credit, Capacity, Collateral and Capital.
• Calculate asset required for closing and reserve purpose for the transaction (as per guideline)
• Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
• Provides final approval underwriting of mortgage loans.
• Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.
• Sign off conditions in a timely manner set by management.
• Work with staff and management to find solutions on escalated loans.
• May be requested to make recommendations for improving Internal Audits policies and practices.
• Manage loans by using all functions of Encompass.
• Effectively communicate underwriting decisions with processors and advisors
• Maintain high level of customer service and communication with other departments.
• Other duties as assigned.

Qualifications
Preference: - :

• US Mortgage Process (US Shifts)
• Work From Home/Remote.

Key Required Skills:-

• Candidate must have experience in live underwriting & Real Time Analysis .
• Excellent at Income Calculation and Debt-to-Income(DTI) Ratio Calculation.
• Expertise in 4C's framework ( Credit, Capacity, Collateral and Capital) ,
• Familiar in Credit report Analysis & LOX (Letter of Explanation).
• Knowledge on Residential Mortgage- Credit Bureau, Documents to approve the loan, Familiar with different account types.

Qualification & Experience

• Degree or Equivalent
• Minimum 3 years of experience in conventional/govt end to end underwriting.
• Well-versed with all 4Cs of Underwriting (Asset, Income, Credit and Collateral)

How to Apply: Interested candidates are encouraged to respond/submit their updated resumes, and for additional job opportunities, please visitUnlock Rewards: Refer Candidates and Earn.
If you're not available or interested in this opportunity, please pass this along to anyone in your network who might be a good fit and interested in our open positions. VARITE offers a Candidate Referral program, where you\'ll receive a one-time referral bonus based on the following scale if the referred candidate completes a three-month assignment with VARITE.Experience Level Bonus Referral: 0-2 years INR 5,000
2-6 years INR 7,500
6+ years INR 10,000About VARITE: VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.Equal Opportunity Employer:
VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status.

Varite