US-Residential Mortgage Live Underwriter

Brace Infotech Private Limited

About the Role

The Conventional Underwriter reviews, conditions, and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

Key Responsibilities

• Review and analyze 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 ensure the collateral is acceptable to the investor and the company.
• Review initial application:
• Verify loan, property, borrower's information with other available documents.
• Verify borrower's monthly income and expenses.
• Verify other relevant sections.
• Review all documents related to borrower’s Credit, Capacity, Collateral, and Capital.
• Calculate asset required for closing and reserve purpose for the transaction (as per guideline).
• Make independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
• Provide final approval underwriting of mortgage loans.
• Complete 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 a high level of customer service and communication with other departments.
• Other duties as assigned.

Requirements & Tech Stack

• Lending & Underwriting Guidelines
• Credit & Income Analysis
• Cash Flow Analysis
• Risk Assessment
• Loan-to-Value Ratios
• Debt-to-Income Ratios
• Encompass

Qualifications

• Detailed examination of all documentation for accuracy and completeness.
• Adherence to established policies, procedures, and appropriate guidelines.
• Timely and accurate completion of all required paperwork and forms.
• Effective communication and problem-solving skills.