US-Residential Mortgage Underwriter

Job Description

Job Overview:

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.

• Job Roles and Responsibilities:
• • Review and analyse 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 insure the collateral is acceptable to investor
• and the company.
• • Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis | Risk
• Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios • Review Initial application - Verify loan, property, borrowers information with other available documents -
• Verify borrower's monthly income and expenses - Verify other relevant sections.
• • Review all the documents related to borrower’s Credit, Capacity, Collateral and Capital.
• • Calculate asset required for closing and reserve purpose for the transaction (as per guideline)
• • Responsible for making independent decisions regarding acceptance and risk of loans according to
• HUD, company, and investor guidelines.
• • Provides final approval underwriting of mortgage loans.
• • Completes 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 high level of customer service and communication with other departments. • Other duties as assigned.
• Qualification & Experience
• • Degree or Equivalent
• • Minimum 2 years of experience in conventional/govt end to end underwriting. • Well-versed with all 4C’s of Underwriting (Asset, Income, Credit and Collateral

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Education