Job Description

The Underwriter is responsible for assessing the risk of a borrower being able to repay their mortgage to the lender, decision the loan adhering to the regulatory guidelines and company policy &amp, procedures as well.

Job Duties:

• Underwrite and decision loans to comply with state and federal regulations. Should be able to underwrite all Tiers, including complex loan transactions.
• Maintain client SLA expectations:
• Achieves individual Underwriter quality benchmarks
• Achieves individual production goals and turn times.
• Knowledge of Conventional & non-QM
• Must know Fannie &Freddie guidelines.
• Ensuring compliance with company policies and guidelines.
• Analyze appraisal report and collateral offered in the loan application to determine acceptability and appropriate loan-to-value ratios for decisions.
• Perform Income calculation, debt to income ratios, review/analyze complex asset statements, financial statements, as well as personal and business income tax returns to render a decision.
• Analyze and review title opinions for decisioning on all loan applications.
• Documenting and effectively communicating reasons for the approval/rejection of loans.
• Decision and review completion of the required conditions to approve loan and communicate requirements to appropriate parties.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

• Successful experience working as an Live Underwriter for minimum 2 years
• Must be detail-oriented and can comprehend and effectively communicate

Education and/or Experience:

• Graduation
• 2+ years mortgage underwriting experience (front-end live UW)

Language Skills:

• Strong written & verbal communication
• Proficiency in reading, writing & understanding English language
• Ability to read, and interpret borrower documentation, company policies, procedures, guidelines, reports, and legal documents. Individual must have the ability to respond to common inquiries or complaints from clients.
• Strong email etiquette

Job Type: Full-time

Pay: From ?300,000.00 per year

Benefits:

• Leave encashment
• Paid sick time
• Provident Fund

Schedule:

• Night shift

Supplemental Pay:

• Yearly bonus

Ability to commute/relocate:

• Ambli, Ahmedabad, Gujarat: Reliably commute or planning to relocate before starting work (Required)

Experience:

• total work: 2 years (Required)
• Underwriting: 2 years (Required)

Shift availability:

• Night Shift (Required)

Work Location: In person