US Mortgage Underwriter - Chennai

Job description

**Roles and Responsibilities:** - Candidate should have minimum 5 years of UW experience - Well versed with FNMA. FHLMC and investor guidelines, able to review and locate exact guidelines for decision making - Should have good analytical and problem-solving skills - Manage end-to-end underwriting processes, primarily focusing on conventional loans, Closed End Second and VA IRRRL - Accurately calculate different Income types such as Salaried, Self-Employment, other income and rental income for loan decisioning - Should have decision-making skill when applying in business judgment based on Underwriting review - Evaluate complete loan documents and should provide approval or denial decision - Complete review of credit report to verify trade lines, derogatory accounts, public records and credit reconciliation, calculate HTI/DT - Complete review of Collateral and property valuation to identify physical and market conditions of property - Assets verification includes borrowers bank account statement, retirement accounts, mutual funds and other investments. Identify redflags, large deposits, regular deductions on bank statement - Apply expertise in the 4Cs of underwriting (Credit, Capacity,Collateral, and Capital) - Evaluating evidence of borrower’s willingness and ability to repay the obligation - Good communication, Presentation skills, Self-motivated and hard working. - Able to review investor guidelines (Allregs – FNMA & Freddie) and client overalls