VARITE INC
Location
Coimbatore | India
Job description
Role: - Underwriter
Interview Mode - Face To Face
Notice Period - Immediate to 15 Days
Minimum Experience - 2 Years (Relevant)
Roles And Responsibilities: -
· 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 | Loan-to-Value Ratios | Debt-to-Income Ratios
· Review Initial application - Verify loan, property, borrowers' information with other available documents - Verify borrower's 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. Qualification & Experience
· Degree or Equivalent
· Minimum 3 years of experience in conventional/govt end to end underwriting.
· Well-versed with all 4C's of Underwriting (Asset, Income, Credit and Collateral)
Job tags
Salary