Analyst Mortgage Underwriting

Pune - India

Monthly Salary: Not Disclosed

Posted on: 2 days ago

Vacancies: 1 Vacancy

Job Summary

Underwriting: The process of assessing a borrowers creditworthiness (Credit) ability to repay (Capacity) and the propertys value (Collateral).
Origination: The creation of the loan and the corresponding Mortgage Servicing Rights (MSR).
Servicing: Managing daily loan activities including collecting monthly payments managing escrow (taxes and insurance) and handling investor distributions.
2. Key Underwriting Components (The 3 Cs)
Credit: Reviewing FICO scores and payment history to predict future reliability.
Capacity: Evaluating the Debt-to-Income (DTI) ratio-comparing monthly debt obligations against gross income (typically seeking 36% or less).
Collateral: Using appraisals to determine the Loan-to-Value (LTV) ratio-the loan amount divided by the property value. Higher LTVs represent higher risk for the lender.

Underwriting: The process of assessing a borrowers creditworthiness (Credit) ability to repay (Capacity) and the propertys value (Collateral). Origination: The creation of the loan and the corresponding Mortgage Servicing Rights (MSR). Servicing: Managing daily loan activities including collec...