Live underwriter

Job Description:

Experience:- 5+ years (minimum 4 years in Live underwriting.)

Principal Responsibilities

• Complete review of the Borrower profile including credit, income, assets, collateral, compliance, employment and other lending risks such as interested party involvements
• Complete review of data consistency across the entire loan package to match system, AUS (DU/LP), Fraud Guard Reports or any other reports used to compliance or fraud checks
• Complete review of collateral including in depth analysis of appraisal reports, title commitment, fraud risk checks, insurances documents and sales contract
• Interpret credit policy guidelines and investor guidelines (all FNMA, FHLMC), and different type of loan types like (CONVENTIONAL, FHA, VA & USDA) and apply them to specific loans for effective sale in the secondary market
• Maintain a working knowledge of all current underwriting guidelines, federal and state lending laws and has the ability to comprehensively explain all to others while processing the mortgage loan files
• Perform required analysis of Assets, Income and Credit to ensure borrower profile, transaction and properties meet the company’s lending criteria
• Stringently look for the Loan to Value (LTV), Debt to Income ratio (DTI) and Housing to Income ratio (HTI) ratios components in the mortgage loan files
• Effectively and quickly communicate any areas of concern with a loan file to mentors/supervisors
• Responsible for Credit and Income documenting all decisions to ensure each underwritten file meets the company’s credit quality criteria and individual loan product guideline
• Maintain compliance with all company policies and procedures – follow the standard income and assets calculator, fill the required tools and correctly documents the findings
• Demonstrate excellent customer service and professionalism.
• Should have very good writing skills with proper grammar and able to summarize requirements in short but clear format.
• Determining, documenting underwriting conditions, communicating requirements and decisions.