Junior Underwriter, Shared Services in IN - Haryana - Gurgaon (JR00985)

Essential Job Functions:  

• Review loan files for completeness and accuracy including but not limited to calculation and verification of income & assets, evaluation of credit reports, purchase contracts, appraisals, title commitments, VOE, tax returns, divorce decrees, and other loan pertinent compliance documentation.  

• Evaluate debt & loan-to-value ratios, credit score, property valuation and various other factors. 

• Determine and document loan conditions, communicate requirements, and/or decisions. 

• Identify saleability issues, potential fraud and portfolio risks based on trends, red flags, and client’s business practices. 

• Maintain knowledge of all applicable agency and non-agency underwriting guidelines. 

• Exhibit working knowledge of AUS to determine applicable loan conditions. 

• Such other activities as may be assigned by your manager. 

Qualifications/ Requirements: 

• Mid-level professional with 2-4 years of industry and/or relevant experience, typically at an Analyst level role or external equivalent. 

• 3+ years of recent US Mortgage mortgage front-line underwriting experience. 

• Knowledge and familiarity with current mortgage policies/procedures, compliance laws and regulations—including TRID—and understanding of mortgage regulatory changes. 

• High producer with attention to quality 

• Strong commitment to customer service and satisfaction 

• Excellent time management skills  

• Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices. 

• Detail oriented, with superior verbal and written communication skills 

• Strong PC skills, with demonstrated proficiency with Microsoft Office. 

• Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service 

• Demonstrate professional behaviour including: 

• Positive attitude 

• Punctuality 

• Dependability 

• Understanding and adherence to company policies and procedures 

• Demonstrated understanding of mortgage guidelines and policies for VA, FHA, FNMA, FHLMC & USDA  

• Analysis and Calculation of qualifying income from various tax documents such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, etc. 

• Analysis of Credit Reports and Bank Statements 

• Experience with both AUS and manual underwriting methods including DU and LP. 

• Working knowledge of running and reviewing third party loan-level Fraud Reports (Fraud Guard, Fraud Manager or DRIVE) would be preferred. 

• Experience of working on Non-QM loans (Jumbo and Bank Statement Programs) in addition to AUS loans would be preferred 

When / if working remotely 

• Maintenance of a safe and professional home office environment 

• Appropriate equipment set-up including dual monitors, high speed internet and appropriate computer systems. 

• The employee may be required to report to a different local office as a normal, contemplated, and mandated incident of their employment. 

• To adhere to organization’s Information security policies and procedures such as Acceptable use policy.