US Residential Mortgage Underwriter

Hyderabad - India

Monthly Salary: Not Disclosed

Posted on: 8 hours ago

Vacancies: 1 Vacancy

Job Summary

Loan Analysis: Reviewing loan applications (1003) and documents (pay stubs tax returns bank statements) for accuracy and completeness.
Risk Assessment: Evaluating the 4 Cs of lending: Capacity (ability to repay) Capital (assets) Collateral (property value) and Credit.
Decision Making: Issuing final decisions on loans (Approval Suspension or Denial) based on investor guidelines (Fannie Mae/Freddie Mac FHA VA).
Conditions Clearance: Reviewing and signing off on outstanding conditions (e.g. proof of insurance updated pay stubs) before loan closing.
Regulatory Compliance: Ensuring all loans adhere to federal and state regulations such as TILA. and Real Estate Settlement Procedures Act (RESPA).
Experience: Proven experience in US residential mortgage underwriting often requiring 1 3 years or more.
Knowledge: Strong understanding of FHA VA USDA and conventional loan guidelines.
Technical Skills: Proficiency in Automated Underwriting Systems (AUS) like Desktop Underwriter (DU) or Loan Product Advisor (LP) and Loan Origination Systems (LOS).
Analytical Abilities: High attention to detail with strong income calculation and debt-to-income (DTI) ratio analysis skills.

Loan Analysis: Reviewing loan applications (1003) and documents (pay stubs tax returns bank statements) for accuracy and completeness. Risk Assessment: Evaluating the 4 Cs of lending: Capacity (ability to repay) Capital (assets) Collateral (property value) and Credit. Decision Making: Issuing fi...