Max package offered will be - 9 Lpa max or a suitable hike on the last drawn + Night shift allowance + ICP Job Title: Senior Underwriting AnalystJob DescriptionMaintain 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 filesSound 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/overlaysCalculate 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 accordinglyAnalyze the risk involved in approving a loan to determine whether it is acceptable to the lenderWorking 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 incomeExperience in Manual UWFollow Client Overlays and Matrix diligentlyIn-depth knowledge of Bank Statement Income Calculation, identifying Outliers, NSF/Overdraft etc.Experience in multiple investment properties and rental income calculationExperience4+ years of live Mortgage Underwriting experienceAbility 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, underwritingStrong verbal and written communication skillsNon-QM LoansQM loansConventional UnderwritingLive UnderwritingPost-Closing Underwriting4C’s Underwriting
Job Title
Senior Underwriter