Senior Underwriter, Shared Services in IN - Tamil Nadu - Chennai (JR01018)

Essential Job Functions:  

• Review and verify loan applications and support documentation. 

• Analyze loan risk and request additional information as necessary.  

• Ensure compliance with regulatory standards. 

• Ensure compliance with company policies and guidelines.  

• Perform required analysis of property appraisal to ensure subject properties meet the company’s appraisal criteria. 

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

• Identify portfolio risks resulting from the client's underlying business practices. 

• Document and effectively communicate reasons for the approval/rejection of loans. 

• Effectively partner with Loan Set Up, Compliance Reviewers, Funders, Client Relationship Manager, and other operations staff to ensure smooth and efficient processing of all loans in the pipeline. 

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

Qualifications/ Requirements: 

• Experienced professional with 5+ years of industry and/or relevant experience, typically with 1+ years in an Associate level role or external equivalent. 

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

• compliance review/ Disclosures Preparation/ Closing/ Doc Preparation and/or due diligence (post-close) experience in the residential mortgage industry 

• 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