Hiring For "mortgage Underwriter" - Bangalore
- Epicenter Technologies
- 3 - 6 years
- Bengaluru
- 6 years ago
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Job Description
JOB DESCRIPTION AND SPECIFICATION FOR MORTGAGE UNDERWRITERLoan Setup SME
* Completes a thorough analysis of loan files to determine compliance with company, investor, and FHA/VA guidelines.
* Develop and maintain knowledge of multiple loan product guidelines for quick and accurate answers
* Accurately calculate borrower's income and debt-to-income ratios.
* Analyzes credit, income, tax returns, assets and appraisals; determine the borrower's credit worthiness and ability to repay the loan as agreed for the terms requested
Mitigates bank risk by conducting a thorough and prudent review of each loan file; dispositions loans within bank issued underwriting authority limit
* Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an "investment" quality loan product.
* Checks accuracy of all calculations and data integrity. - Completion of all required underwriting worksheets
* Assists with the training of new underwriters. - Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.
* Maintains company standard for productivity level and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.
* Strives to meet 4 decisions/day within allotted time - Communicates decision on loans to appropriate parties both verbally and in writing.
* Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
* Available to processors and correspondents for general guideline interpretations and questions on specific loan files.
* Responds to post closing reviews and audits in a timely fashion.
* Performs related duties, as directed by Underwriting or Operations Manager.
Education:
* Graduate
Required Knowledge
* Excellent Communication & Email Skills
* Basic mathematical knowledge; ability to add, subtract, divide and multiply.
* Knowledge of personal computers and applicable software. (Microsoft Office, Point, and Excel).
Experience Required
* 3+ years' experience as an Underwriter in a similar model including multi-state experience.
* Experience with both refinance & purchase preferred.
* Strong working knowledge of FNMA, FHLMC and Government Loans guidelines.
Skills
* Strong aptitude for detail, accuracy, and organization* Ability to prioritize and multi-task with ease
* Excellent interpersonal, written, and verbal communication skills
* Ability to work in a high-volume environment
* 4 years of recent related mortgage experience
* Encompass loan origination system experience
Job Classification
Industry: Banking, Financial Services, BrokingFunctional Area: Financial Services, Banking, Investments, Insurance, Role Category: Life Insurance/Financial ServicesRole: Life Insurance/Financial ServicesEmployement Type: Full timeEducation
Under Graduation: Graduation Not Required, Any Graduate in Any SpecializationPost Graduation: Any Postgraduate in Any Specialization, Post Graduation Not RequiredDoctorate: Any Doctorate in Any Specialization, Doctorate Not RequiredContact Details:
Company: Epicenter Technologies Pvt. LtdLocation(s): Bengaluru+ View Contact
Keyskills: Mortgage Mortgage Loans Mortgage Underwriting underwriter
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₹ 5,00,000 - 7,00,000 P.A
Epicenter Technologies
We at Epicenter are one of India's Leading Customer Contact Centre’s providing Voice and Non Voice Services in the areas of Collections, Sales and Customer ServiceCompany URL: www.epicentertechnology.comJob Location: Bhayander West
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