Senior Underwriter (US Mortgage) - Chennai/ Pune
Location
Chennai | India
Job description
About Client
Our Client is an Indian multinational corporation that provides information technology, consultant and business process services. It is one of the leading Big Tech companies. Its capabilities range across cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other consulting services to customers in across 167 countries. Current holds around 1.5 Lakhs employees across India.
Profile-Senior US Residential Mortgage Underwriter
Location - Chennai
Experience -2+ years of relevant years in US Residential Mortgage Underwriting
Shift- US Shift (One way cab facility)
Notice Immediate Joiner Only
Job Responsibilities
- Ability to manually underwrite complex transactions to ensure the loan meets established guidelines
- Underwriter should have the ability to read the guidelines to determine whether each loan meets the requisite guideline as specified by the Client
- Should know how to run the AUS and verify the data integrity of the Desktop UW / Loan Prospector
- Review the Employment Guideline Requirements
- Perform Income calculations (salaried / Self-employed / Rental / Other Incomes)
- Validate all types of Assets including 401K, Bank Statements, Mutual funds, etc.
- Usage of Assets against Income requirement/qualification
- Calculate Debt-to-Income Ratio, Loan-to-value Ratio, Housing Payment
- Review appraisal and perform Property Valuation and use property valuation tools
- Review Credit Reports including Credit Scores, Existing liens, payments, etc.,
- Should also review the alternate / support documents for credit review Title review and lien validations
- Review loan details in Loan applications, Letters of explanation, and gift letters
- Income verification on Bank statement loans
- Client-specific guideline review with alternate documentation
- Understanding of Counter offer and Solutions to the loan
- Review of compliance documents
Requirements
Must have 2+ experience into US Residential Mortgage Underwriting
Must be flexible with the shift timings
Must be ready to relocate to Chennai
Must be available for immediate joining only
Job tags
Salary
