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Location

Navi Mumbai | India

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Job description

Job 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)

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Job tags

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Salary