Due Diligence - Underwriter

Consolidated Analytics, Inc.; Chennai District; On-site; INR 4,50,000 - 6,75,000; Full time

Job summary

A growing mortgage services company in Chennai is seeking a Due Diligence Underwriter. The successful candidate will evaluate loan applications, assess creditworthiness, and ensure compliance with regulations. Strong analytical skills and knowledge of mortgage industry practices are essential. This is a full-time position with night shift requirements.

Responsibilities

• Review loan applications for completeness and accuracy.
• Evaluate credit reports and financial statements.
• Ensure loans comply with regulations.

Skills

Analytical skills

Knowledge of mortgage regulations

Problem-solving skills

Detail-oriented

Communication skills

Education

Certification in mortgage underwriting

Tools

Mortgage processing software

Job description

Consolidated Analytics is a fast-growing mortgage and financial services company with Centers of Excellence in Chennai and Pune.

JOB TITLE: Due Diligence Underwriter
SHIFT TIMING: Must be open for Night Shift

POSITION TYPE: Full-Time
LOCATION: Chennai
Experience Range: 0.6 months – 8 years

A Mortgage Underwriter plays a crucial role in the mortgage lending process by assessing the creditworthiness and risk profile of potential borrowers. The position involves analyzing financial information, reviewing loan applications, and making informed decisions to approve, conditionally approve, or deny mortgage loans. This role ensures that all loans meet the company's lending standards and regulatory requirements.

Key Responsibilities:

• Loan Application Review: Analyse and verify loan applications, ensuring all required documents are complete and accurate.
• Assess the borrower's credit history, employment, income, and debt levels.
• Confirm the property's value through appraisal reports.

Credit and Financial Analysis:

• Evaluate credit reports to determine the borrower's creditworthiness.
• Analyse financial statements, tax returns, pay stubs, and other income documentation.
• Calculate debt-to-income (DTI) ratios and loan-to-value (LTV) ratios.

Property Valuation Review:

• Review appraisals and alternative value products for conformity to client-specified requirements to assess the accuracy of the property valuation.

Compliance and Risk Assessment:

• Ensure loans comply with all federal, state, and local regulations.
• Adhere to company policies and guidelines.
• Identify potential risks and assess the overall risk level of the loan.

Essential skills and requirements:

• Proven experience in mortgage processing or underwriting.
• Strong knowledge of mortgage industry regulations and procedures.
• Excellent analytical and problem-solving skills.
• Detail-oriented with exceptional organizational abilities.
• Proficiency in using mortgage processing software and financial tools.
• Effective communication and interpersonal skills.
• Ability to work efficiently under pressure and meet tight deadlines.
• Solid understanding of financial statements and credit reports.
• Certification in mortgage underwriting or related fields is a plus.