Live Underwriter

Job description:

• Review and analyse the mortgage loan application to ensure eligibility accuracy completeness and compliance with internal and regulatory guidelines to minimize risk factors.
• Review all required loan data reports and inspections to insure the collateral is acceptable to investor and the company.
• Knowledge of Lending & Underwriting Guidelines Credit & Income Analysis Cash Flow Analysis Risk Assessment LoantoValue Ratios DebttoIncome Ratios.
• Review Initial application Verify loan property borrowers information with other available documents Verify borrowers monthly income and expenses Verify other relevant sections.
• Review all the documents related to borrower s Credit Capacity Collateral and Capital.
• Calculate asset required for closing and reserve purpose for the transaction (as per guideline)
• Responsible for making independent decisions regarding acceptance and risk of loans according to HUD company and investor guidelines.
• Provides final approval underwriting of mortgage loans.
• Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.
• Sign off conditions in a timely manner set by management.
• Work with staff and management to find solutions on escalated loans.
• May be requested to make recommendations for improving Internal Audit s policies and practices.
• Manage loans by using all functions of Encompass.
• Effectively communicate underwriting decisions with processors and advisors
• Maintain high level of customer service and communication with other departments.
• Other duties as assigned.

• Degree or Equivalent
• Recent 2 years of experience in Live Underwriting.
• Minimum 4 years of experience in conventional/govt end to end underwriting.
• Wellversed with all 4C s of Underwriting (Asset Income Credit and Collateral)

underwriting,credit,collateral