Us Mortgage Live Underwriter - Hyderabad, Telangana, India - Meraki Training Solutions
Description
US MORTGAGE LIVE UNDERWRITER
WALKIN DRIVE ON MAY 18 & IN COIMBATORE (SKILL ASSESSMENT ROUND)
Experience:
4-5 years
Location:
Remote
Qualification:
Under Graduate
Package: 7LPA -12 LPA
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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:
UnderGraduate
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 3+ 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.
Pay:
₹700, ₹1,200,000.00 per year
Schedule:
- Night shift
Supplemental pay types:
- Performance bonus
Experience:
- total work: 3 years (preferred)
- US
Shift availability:
- Night Shift (required)
Work Location:
Remote
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