QA underwriter/US Mortgage Live Underwriter- Chennai

Cloudxtreme; Chennai District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Cloudxtreme is seeking an experienced mortgage loan underwriter to review files, calculate income, analyze assets and debt, and complete in-depth appraisals and title reviews. The role requires data entry in the loan system and using AUS/DU- LP to determine approvals and conditions.

You will work in a high-stress environment, supporting processors, loan officers, and clients with accurate, compliant loan decisions and timely service.

Qualifications

• 2+ years of conventional mortgage underwriting experience.
• Strong knowledge of income calculations, tax returns, credit reports, and red flags.
• Appraisal knowledge and ability to spot red flags and ineligible properties.
• Familiarity with GSE underwriting guidelines and automated underwriting engines (DU/LP).
• Excellent analytical, interpersonal, and written and verbal communication.

Responsibilities

• Review mortgage loan files for income, assets, credit, and collateral.
• Utilize loan operating system for data entry.
• Underwrite loans per client guidelines (DU/LP or manual).
• Verify documents are accurate, complete, and compliant.
• Identify and clear red flags or conditions.
• Issue loan decisions and condition files accordingly.
• Review and approve conditions for compliance and completion.
• Provide excellent customer service to internal and external clients.
• Maintain knowledge of client and investor requirements.
• Resolve pre/post-closing underwriting issues.
• Assist processors/loan officers in understanding underwriting decisions.

Skills

Income calculations

Credit reports

Analytical thinking

Time management

Communication

DU/LP

Education

NMLS-MLO Licensure (preferred)

Tools

DU/LP

Job description

Position Overview:

The Underwriters primary responsibilities include reviewing mortgage files submitted to Underwriting. This position requires calculating income, analyzing debt and assets, as well as completing an in-depth review of the completed appraisal and title. Additional responsibilities include entering data into the client's loan operating system, utilizing an automated underwriting system to determine approval and clearing conditions for Final Approval. Candidates must possess a strong sense of urgency with an ability to work in a team environment, maintaining excellent organizational, communication, and PC skills.

Essential Job Functions:

• Perform complete and in-depth review of mortgage loan files including; income, assets, credit and collateral
• Utilize client's loan operating system to ensure accurate data entry
• Underwrite loans in accordance with client guidelines; utilizing AUS or manual guidelines
• Evaluate and ensure overall loan documents are accurate, complete, and compliant
• Ability to identify and/or clear red flag or s
• Issue loan decision and condition file accordingly
• Review and approve conditions for compliance and completion of loan file
• Provide excellent customer service to internal and external clients
• Maintain current knowledge of client and investor requirements
• Resolve pre and post-closing issues as they relate to underwriting
• Assist Processors/Loan Officers in understanding underwriting decisions and conditions
• Must be able to work in a high stress environment while delivering a high-level of customer service
• Ability to work more than 40 hours, on an as needed basis

Requirements:

• Minimum 2+ years current conventional mortgage loan underwriting experience
• Strong knowledge of income calculations, tax returns, reading credit reports, identifying red flags
• Basic knowledge of appraisal and ability to recognize red flags and ineligible properties
• Thorough working knowledge of GSE underwriting guidelines and automated underwriting engines (DU/LP)
• Strong analytic, interpersonal, and verbal and written communication skills
• Detail-oriented with strong ability to time manage
• Ability to work in a flexible and production-oriented environment
• Must be willing and able to work as part of a team
• Strong capability to work in multiple systems - paperless environment
• Must be willing to work in strict security environment
• NMLS-MLO Licensure preferred
• Candidates must be available to work outside of normal business hours when necessary