Lead Associate - Transactional Quality - Chennai - DLF - Live Underwriting
Lead Associate - Transactional Quality - Chennai - DLF - Live Underwriting
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Job Description
Full Job Description Position Summary: The Mortgage underwriting associate evaluate and determine the eligibility of loan applications of residential mortgage (14 family) loans. Mortgage underwriting associate role includes but not limited to analyzing and verifying loan applications review of all 4 Cs evaluating risks and making loan eligibility decisions. The incumbent ensures the accurate efficient and timely flow of information/documentation for offering quality and efficient services.
Responsibilities Knowledge of mortgage underwriting and Agency automated underwriting systems Demonstrate a full understanding of agency guidelines as well as posted Lender internal guidelines Review all mortgage applications and documentation for accuracy and completeness Review and be able to complete a full analysis of all types of income (Self/Rental/Wage/etc) Assets Liabilities Credit and Collateral.
Analyze credit income and assets on a loanbyloan basis to properly assess individual risk and promptly provide underwriting decisions to Mortgage Originators
Review property documentation including title commitments sales contracts insurance and flood determinations
Maintain a welldeveloped knowledge of loan product guidelines and industry regulations including assisting in the prevention detection and resolution of mortgage fraud
Review and analyze appraisals for value and compliance with industry requirements
Demonstrate the ability to independently make sound decisions based on the creditworthiness of the applicants based on established underwriting guidelines policies procedures knowledge and experience Provide exceptional customer care (both internal and external) in a manner that satisfies the individual needs of each customer and builds loyalty to the client
Maintain confidentiality of all customer and employee information Respond positively to feedback and redirection Fully utilize systems tools training and resources provided to maximize potential Assist other departments as needed Meeting daily production
. Meeting the daily SLA requirement Meeting the daily Quality requirements Qualifications Education: Bachelors in any stream. Experience: 2 years increasingly responsible experience in related areas. Knowledge/Skills/Abilities:
Experienced mortgage professional with 23 years with mortgage underwriting. Has a complete understanding of Conventional FHA and VA underwriting guidelines.
Has working knowledge of real estate lending criteria and federal state and agency compliance Can multitask and manage time efficiently
Has strong organizational skills attention to detail and basic Microsoft Office skills Good analytical and problemsolving skills.
Strong organization and verbal and written communications skills. Highly adaptive and open to changes as the organization grows and its needs evolve.
Qualifications :
Batchelors Degree (Any)
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
