Us Mortgage Live Underwriter - Navi Mumbai, Maharashtra, India - Meraki training solutions

Meraki training solutions
Meraki training solutions
Verified Company
Navi Mumbai, Maharashtra, India

1 week ago

Deepika Kaur

Posted by:

Deepika Kaur

beBee Recuiter
Description

US MORTGAGE LIVE UNDERWRITER

WALKIN INTERVIEW IN MUMBAI ON FEB 16, 17 & SKILL ASSESSMENT ROUND)

NO VIRTUAL INTERVIEW
**Contact:


Experience:
4-5 years


Location:
Remote work


Work Timings:
Remote (Full Time), Work from Home


Skill Set: 4C's framework, Live Underwriting, Income Calculation, Debt-to-Income (DTI) Ratio Calculation, Underwriting


Joining:
Immediate Joiner


Qualification:
Graduate


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
  • Recent 2+ years of experience in Live Underwriting.
  • Minimum 4 years of experience in conventional/govt end to end underwriting.
  • Wellversed with all 4C's of Underwriting (Asset, Income, Credit and Collateral)
  • US Mortgage Process (Only Night Shifts)
  • Remote.

Required Skills:


  • Excellent at Income Calculation and DebttoIncome(DTI) Ratio Calculation.
  • Expertise in 4Cs 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.

Salary:
₹800, ₹1,200,000.00 per year


Benefits:


  • Work from home

Schedule:

  • Night shift

Experience:

- total work: 3 years (required)

  • Live underwriting: 2 years (required)

Shift availability:

  • Night Shift (required)

Work Location:
Remote


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