Senior Mortgage Underwriter

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

Job summary

Moder is seeking an experienced Conventional Underwriter to assess mortgage loan applications in line with HUD, investor and internal policies. The role focuses on accuracy, completeness, and risk minimization.

You will verify documents, analyze assets, income, and collateral, and make independent underwriting decisions using Encompass. Strong knowledge of 4 Cs and regulatory guidelines is essential.

Qualifications

• Knowledge of Lending & Underwriting Guidelines.
• Credit & Income Analysis and Cash Flow Analysis.
• Risk Assessment and LTV/DTI understanding.

Responsibilities

• Review and analyse the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
• Review all required loan data, reports, and inspections to ensure the collateral is acceptable to investor and the company.
• Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
• Provides final approval underwriting of mortgage loans.
• Manage loans by using all functions of Encompass.

Skills

Credit analysis

Income analysis

Cash flow analysis

Risk assessment

Loan-to-value analysis

Debt-to-income ratios

Education

Degree or Equivalent

Tools

Encompass

Job description

Moder formerly known as Archwell Operations is a part of Archwell Holdings founded in 2017. We are a tech forward outsourcing company specializing in supporting the US Mortgage, Insurance, and Banking industries. We specialize in end-to-end component-based outsourcing, managing one-off projects to becoming an extension of the customer service or operations team. Our team is built on industry expertise and provides the traction clients need to grow their company. Equipped with diverse tools, platforms, solutions, and services we strive to work towards our mission to positively impact the financial health of companies by powering in-house processes using top talent, workflow best practices, and progressive technology.

Job Overview:

The Conventional Underwriter reviews, conditions and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

Job Roles and Responsibilities:

• Review and analyse the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
• Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor and the company.
• Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis | Risk Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios
• Review Initial application - Verify loan, property, borrowers’ information with other available documents - Verify borrower's monthly income and expenses - Verify other relevant sections.
• Review all the documents related to borrower’s Credit, Capacity, Collateral and Capital.
• Calculate asset required for closing and reserve purpose for the transaction (as per guideline)
• Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
• Provides final approval underwriting of mortgage loans.
• Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.
• Sign off conditions in a timely manner set by management.
• Work with staff and management to find solutions on escalated loans.
• May be requested to make recommendations for improving Internal Audit’s policies and practices.
• Manage loans by using all functions of Encompass.
• Effectively communicate underwriting decisions with processors and advisors
• Maintain high level of customer service and communication with other departments.
• Other duties as assigned.

Qualification & Experience

• Degree or Equivalent
• Minimum 3 years of experience in conventional/govt end to end underwriting.
• Well-versed with all 4C’s of Underwriting (Asset, Income, Credit and Collateral)