Underwriter - Coimbatore, Tamil Nadu, India - VARITE INDIA PRIVATE LIMITED

VARITE INDIA PRIVATE LIMITED

Verified Company

Coimbatore, Tamil Nadu, India

3 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Company Name:
VARITE India Private Limited

About The Client:

Moder formerly known as Archwell Operations is a part of Archwell Holdings founded in 2017. We are a tech forward outsourcing company specializing in supporting the US Mortgage, Insurance, and Banking industries.

We specialize in end-to-end component-based outsourcing, managing one-off projects to becoming an extension of the customer service or operations team.

Our team is built on industry expertise and provides the traction clients need to grow their company.

Equipped with diverse tools, platforms, solutions, and services we strive to work towards our mission to positively impact the financial health of companies by powering in-house processes using top talent, workflow best practices, and progressive technology.

About The Job:

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

Education Qualification:
-
Degree Or Equivalent

Preference:
-
US Mortgage Process (Only Night Shifts)

Work From Home/Remote.

**Key Required Skills:
- *

Excellent at Income Calculation and DebttoIncome(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.

Job Roles and Responsibilities:

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 | LoantoValue Ratios | DebttoIncome Ratios
Review all the documents related to borrower's 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 Audit's 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. Qualification & Experience
Degree or Equivalent
Minimum 3 years of experience in conventional/govt end to end underwriting.
Wellversed with all 4C's of Underwriting (Asset, Income, Credit and Collateral)

Experience Level Bonus Referral:

02 years INR 5, years INR 7, years INR 10,000
About 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.