Qualification:- Any Graduate 10+2+3 (15 years of regular education)
The Residential Mortgage Underwriter is responsible for rendering credit decisions on incoming applications consistent with underwriting policies, underwriting mortgage commitments, and verifying supporting documentation as submitted by applicants.
Analyze income & employment, credit strength, property appraisal, check over debt to income (DTI) and Loan to Value (LTV) and all other information pertinent to the credit decision process on each mortgage application, as presented by the applicant.
Underwriter to validate that a prospective mortgagors loan application adheres to the lenders, Investors (Freddie or Fannie Maes) and guidelines of applicable government agencies to approve the loan.
Analyzing the risk involved in approving a loan to determine whether or not it is acceptable to the lender.
Put conditions for missing documents required to approve the loan
Verify accuracy of supporting employment documents, source of down payment/reserves, appraisal value and property title commitment received.
Review of legal documents, if present, to ensure the accuracy & completeness.
Identify the mortgage insurance requirement (MI) and follow the MI guidelines, if applicable.
Additional responsibilities for the Mortgage Underwriter include:
Maintaining service level standards.
Assisting in new-hire trainings
Perform internal Quality check, providing floor support and feedback to other staff
Responding to all emails efficiently
Adhering to all underwriting guidelines
Should have a extensive people management experience.