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Job Description
We are Hiring !
Location- Hyderabad/Chennai
Email- [HIDDEN TEXT]
Job Profile Summary:The Loan Underwriter I is primarily responsible for: Mortgage Operations: Underwriting and evaluating conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. Consumer Operations: Underwriting and evaluating
Home Equity and Consumer Loans
Depth & Scope
- Underwrites ethical and salable residential mortgage and consumer loans and evaluate risk while insuring the quality of eachloan submitted
- Approves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policiesand procedures
- Validates the data entry to the appropriate Loan Operating System and evaluates all applicable documentation as required by job function and condition
- Demonstrates In-depth knowledge of regulatory, investor and departmental lending policies for underwriting of conventionalloan requests
- Evaluates all documents and condition loan accordingly. Inform Processor of any additional items necessary to substantiateloan request
- Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation and assists inclearing or resolving any issues
- Notifies Management of integrity issues and ensures files are compliant to internal guidelines and external regulatoryrequirements
- Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements
- May coach and mentor assigned operations staff and assists with training and guidance as assigned by UnderwritingManager
- High school diploma or GED required
- 1-2 years underwriting experience and/or 2 + years of loan processing experience
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- Working knowledge of loan underwriting and documentation requirements
- Knowledge of Agency Guidelines and DU automated underwriting system and the ability to provide excellent customer service to both internal and external customers
- Excellent oral and written communication skills
- Solid PC skills
- Knowledge of regulatory, investor and departmental lending policies for underwriting
- Knowledge of CRA products and industry
- Detail oriented, possessing excellent organizational, analytical and decision making skills
- Ability to communicate with multiple business partners in the organization
- Ability to handle heavy workload, multitask and meet stringent deadlines
Skills
EquityData EntryLendingMortgageIf an employer asks you to pay any kind of fee, please notify us immediately. Jobaaj does not charge any fee from the applicants and we do not allow other companies also to do so.
Important dates & deadlines?
Application Deadline
07 Mar 26, 01:37 PM IST
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