QA Underwriting

Cloudxtreme; Pune District, Chennai District; On-site; INR 600,000 - 900,000; Full time

Job summary

Cloudxtreme is seeking an experienced QA - Underwriting professional for its mortgage underwriting team. The role focuses on reviewing mortgage files, calculating income, analyzing debt and assets, and performing in-depth appraisals and title reviews.

The candidate will enter data into the loan system and use automated underwriting to determine approvals and conditions for Final Approval. Key functions include reviewing documents for accuracy and compliance, issuing loan decisions, and resolving

Qualifications

• 2+ years of current conventional mortgage loan underwriting experience.
• Strong knowledge of income calculations and tax returns.
• Familiarity with appraisal processes and red flags.
• Thorough knowledge of GSE underwriting guidelines and automated underwriting engines (DU/LP).
• Strong written and verbal communication skills.

Responsibilities

• Review mortgage loan files including income, assets, credit and collateral.
• Enter data into the client’s loan operating system accurately.
• Underwrite loans per guidelines using DU/LP or manual methods.
• Ensure documents are accurate, complete and compliant.
• Issue loan decisions and conditions.
• Support processors/loan officers in understanding underwriting outcomes.
• Deliver high quality customer service to clients.
• Work in a team and manage time effectively.
• Be prepared for high-stress periods and after-hours work.

Skills

Income calculations

Credit analysis

Red flags

GSE guidelines

Communication

Education

Graduate

Tools

DU/LP

Loan Operating System

Job description

Designation - QA - Underwriting

Level L3

Shift – US night shift ( WFO)

Qualification - Graduate

JD:

Position Overview:

The Underwriter’s 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 underwritingAssist 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