Loan Underwriter

Department Icon BFSI (Operations & Lending)
89+ Applicants
Posted: 4 months ago
1-3 years
Hyderabad / Secunderabad, Telangana, Telangana
work from office

Posted: 4 months ago
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Applicants: 92+
Job Description
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Job Description

Hi,
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
Education & Experience
  • High school diploma or GED required
  • Looking to get Placed? Try our Placement Guarantee Plan

    1-2 years underwriting experience and/or 2 + years of loan processing experience
  • 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 EntryLendingMortgage

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Important dates & deadlines?

Application Deadline

07 Mar 26, 01:37 PM IST

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Loan Underwriter

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