Post ClosingUnderwriting
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Job Location:
Monthly Salary:
Posted on:
7 hours ago
Vacancies:
1 Vacancy
Job Summary
Job Description: Post Closing/Underwriting
Position Overview: A Post closer/underwriter is a financial professional who evaluates the risk involved in loan mortgage insurance or securities applications with a focus on the 4 C’s involves evaluating loan applications based on four key criteria: Credit Capacity Collateral and Capital.
Key Responsibilities:
Responsibilities:
- Credit Analysis:
- Review applicants’ credit histories including credit scores payment histories and outstanding debts.
- Assess creditworthiness and identify potential risks.
- Capacity Evaluation:
- Analyse borrowers’ income and employment history.
- Calculate debt-to-income ratios to determine repayment ability.
- Evaluate stability and consistency of income sources.
- Collateral Assessment:
- Appraise the value of the property or asset being used as collateral.
- Ensure the collateral meets the lender’s standards and covers the loan amount.
- Capital Verification:
- Verify the borrower’s assets and savings.
- Assess the availability of funds for down payments and reserves.
- Decision Making:
- Approve or deny loan applications based on comprehensive risk assessments.
- Recommend loan terms and conditions.
- Documentation and Reporting:
- Maintain detailed records of all evaluations and decisions.
- Prepare reports summarizing findings and recommendations.
Required Skills and Qualifications:
- Bachelor’s degree in finance Accounting Business Administration and Mathematics or Statistics
- Minimum 3 years of strong knowledge in US Mortgage Underwriting/Origination
- Should have good knowledge in reviewing the mortgage Documents in depth
- Should have strong verbal and written communications.
- Ability to multitask take new responsibilities and prioritize work in a deadline intensive environment.
- Ability to work in a deadline driven fast paced high production environment.
Work Environment:
- This job requires office-based work.
- Depending on the workload or during periods of increased inflow overtime may be necessary on a daily or weekend basis.
Overall underwriters work in a structured and detail-oriented environment with a focus on risk assessment and decision-making
