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Job Opening:  Mortgage Loan Underwriting

Designations
 Mortgage Loan Underwriting
Job Description
 

       Complete review of the Borrower profile including credit, income,   assets, collateral, compliance, employment and other lending risks   such as interested party involvements

       Complete review of data consistency across the entire loan

  package to match system, AUS (DU/LP), Fraud Guard Reports or

  any other reports used to compliance or fraud checks

     Complete review of collateral including in depth analysis of

  appraisal reports, title commitment, fraud risk checks, insurances

  documents and sales contract

           Interpret credit policy guidelines and investor guidelines (all

   FNMA, FHLMC, FHA, VA & USDA) and apply them to specific

   loans for effective sale in the secondary market

        Maintain a working knowledge of all current underwriting

   guidelines, federal and state lending laws and has the ability to

   comprehensively explain all to others while processing the

   mortgage loan files

        Perform required analysis of Assets, Income and Credit to ensure

   borrower profile, transaction and properties meet the company’s

   lending criteria

           Stringently look for the Loan to Value (LTV), Debt to Income ratio

   (DTI) and Housing to Income ratio (HTI) ratios components in the

  mortgage loan files.  Effectively and quickly communicate an

   areas of concern wia loan file to mentors/supervisors

          Responsible for Credit and Income documenting all decisions to

    ensure each underwritten file meets the company’s credit quality

    criteria and individual loan product guideline

           Maintain compliance with all company policies and procedures –

    follow the standard income and assets calculator, fill the required

    tools and correctly documents the findings

              Demonstrate excellent customer service and professionalism.

     Should have very good writing skills with proper grammar and able

   to summarize requirements in short but clear format. Determining,

   documenting underwriting conditions, communicating requirements

   and decisions.

Desired Profile
 

          Meeting goals as per the defined key result areas

·                  Maintaining a track of daily processed transactions and reporting on a timely and accurate manner Process Supervisor / Team leader.

          To be abreast with all process updates on a timely manner

·         Appearing and qualifying all periodic process assessments with defined benchmark scores

·                 Achieving daily productivity and quality targets

·         Adherence to process SLA’s (ensure loan delivery SLA -Service level agreement is not missed)

Experience
 2 Years
Industry type
 
Role
 Mortgage Loan Underwriting
Functional Area
 
Education
 Fulltime Science/ Commerce/B.Sc IT graduates
Compensation
 
Location
 Thane
Keywords
 Loan Processing, Underwriting, Closing, Funding, Shipping, Quality Control, Accounting.
Contact
 Sakthivel G
Telephone
 9092126444
Email
 saranya@venpastaffing.com
Job posted
 2016-11-25
Reference
 
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