Mortgage Underwriter

Role - Non-QM Underwriter (US Mortgage)

Location - Ahmedabad (Onsite)

Shift - US Shift Hours (Night Shift)

Summary:

The Underwriter is responsible for assessing the risk of a borrower being able to repay their mortgage to the lender, decision the loan adhering to the regulatory guidelines and company policy & procedures.

Job Duties:

• Underwrite and decision Non-QM loans to comply with all applicable regulations. Should be able to underwrite all Tiers, including complex loan transactions.
• Maintain client SLA expectations:
• Achieves individual Underwriter quality benchmarks.
• Achieves individual production goals and turn times.
• In-depth Knowledge of Non-QM (mandatory). Knowledge of QM (Conventional) UW Guidelines would be an added advantage.
• Ensuring compliance with company policies and guidelines.
• Perform Income calculation, debt to income ratios, review/analyse complex asset statements, financial statements, as well as personal and business income tax returns to render a decision.
• Analyse appraisal report and collateral offered in the loan application to determine acceptability and appropriate loan to value ratios for decisions.
• Analyse and review title opinions for decisioning on all loan applications.
• Documenting and effectively communicating reasons for the approval/denial of loans.
• Decision and review completion of the required conditions to approve loan and communicate requirements to appropriate parties.

Education and/or Experience:

• Graduation
• 2+ years mortgage underwriting experience ((front-end & live UW))
• Prior Supervisory skills are a plus.