Max package offered will be - 9 Lpa max or a suitable hike on the last drawn + Night shift allowance + ICP Job Title: Senior Underwriting Analyst Job Description Maintain a working knowledge of US Mortgage Originations, closing procedures, federal and state lending laws. Must have good working knowledge of all 4C’s of underwriting. Perform complete and in-depth review of mortgage loan files including income, assets, credit and collateral to determine the borrower’s credit worthiness and ability to repay. Experience in end-to-end underwriting of Conventional and FHA loans. Knowledge of other government products VA and USDA will be an added advantage. Must have strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP). Must be able to review Manual UW files Sound knowledge of Fannie Mae, Freddie Mac and HUD Guidelines. Interpret state rules, statute laws, federal regulations & investor guidelines and apply them to specific loans. Review loan file for compliance with all regulatory and client’s guidelines/overlays Calculate and analyze LTV/CLTV/HCLTV/DTI/HTI, check all other information relevant to the credit decision process on each mortgage application. Calculate all types of income (Wage earner/self-employment/Other income etc.). Good decision maker in identifying all types of red flags and Approving or Denying the file accordingly Analyze the risk involved in approving a loan to determine whether it is acceptable to the lender Working knowledge of various fraud tools. Cite conditions for the missing documents in an effective manner. Audit the file from a closing & compliance standpoint on daily basis and note any exceptions. Experience in Non-QM loans is an added advantage. Desired candidate for Non-QM Ability to do DSCR calculation and identifying subject property rental income Experience in Manual UW Follow Client Overlays and Matrix diligently In-depth knowledge of Bank Statement Income Calculation, identifying Outliers, NSF/Overdraft etc. Experience in multiple investment properties and rental income calculation Experience 4+ years of live Mortgage Underwriting experience Ability to obtain and decipher AUS findings (DU and LP) Experience in full origination mortgage processing, loan set up, loan documentation, closing, title, quality assurance, compliance, underwriting Strong verbal and written communication skills Non-QM Loans QM loans Conventional Underwriting Live Underwriting Post-Closing Underwriting 4C’s Underwriting
Job Title
Senior Underwriter