Senior Underwriter, Shared Services

Jobtailor; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Jobtailor is seeking an experienced mortgage underwriter in Mumbai to review loan applications, analyze risk, ensure regulatory compliance, and verify documentation. The role requires evaluating qualifying income from tax documents and examining credit reports and bank statements.

You will coordinate with loan setup, compliance reviewers, funders, and the client relationship manager to move loans through the pipeline.

Qualifications

• 5+ years of recent US mortgage front-line underwriting experience.
• Experience with compliance review/Disclosures Preparation/Closing/Doc Preparation and/or due diligence in residential mortgage.
• Understanding of mortgage guidelines for VA, FHA, FNMA, FHLMC & USDA.
• Experience analyzing and calculating qualifying income from various tax documents.
• Experience analyzing credit reports and bank statements and calculating qualifying income from tax docs.
• Experience with both AUS and manual underwriting methods including DU and LP.
• Familiarity with third party loan-level Fraud Reports (Fraud Guard/Manager/DRIVE) and Non-QM loans preferred.
• High producer with attention to quality and customer service.
• Ability to work under pressure and meet deadlines with a positive attitude.

Responsibilities

• Review and verify loan applications and support documentation.
• Analyze loan risk and request additional information as necessary.
• Ensure compliance with regulatory standards.
• Ensure compliance with company policies and guidelines.
• Analyze property appraisals to ensure they meet appraisal criteria.
• Document loan conditions and communicate requirements or decisions.
• Identify portfolio risks from client business practices.
• Document and communicate reasons for approval or rejection of loans.
• Collaborate with Loan Set Up, Compliance Reviewers, Funders, and Client Relationship Manager to ensure smooth processing of loans in the pipeline.
• Perform other activities as assigned by your manager.

Skills

loan underwriting

compliance review

disclosures preparation

credit report analysis

income analysis

AUS underwriting

manual underwriting

risk assessment

Job description

Responsibilities

• Review and verify loan applications and support documentation
• Analyze loan risk and request additional information as necessary
• Ensure compliance with regulatory standards
• Ensure compliance with company policies and guidelines
• Perform required analysis of property appraisal to ensure subject properties meet the company’s appraisal criteria
• Determine and document loan conditions, communicate requirements, and/or decisions
• Identify portfolio risks resulting from the client's underlying business practices
• Document and effectively communicate reasons for the approval/rejection of loans
• Effectively partner with Loan Set Up, Compliance Reviewers, Funders, Client Relationship Manager, and other operations staff to ensure smooth and efficient processing of all loans in the pipeline
• Such other activities as may be assigned by your manager

Requirements

• 5+ years of recent US mortgage front-line underwriting experience
• Experience with compliance review/ Disclosures Preparation/ Closing/ Doc Preparation and/or due diligence (post-close) experience in the residential mortgage industry
• Demonstrated understanding of mortgage guidelines and policies for VA, FHA, FNMA, FHLMC & USDA
• Experience analyzing and calculating qualifying income from various tax documents
• Experience analyzing of credit reports and bank statements calculation of qualifying income from various tax documents
• Experience with both AUS and manual underwriting methods including DU and LP
• Working knowledge of running and reviewing third party loan-level Fraud Reports (Fraud Guard, Fraud Manager or DRIVE) and experience of working on Non-QM loans would be preferred
• High producer with attention to quality
• Strong commitment to customer service and satisfaction with superior verbal and written communication skills
• Must be able to work under pressure and meet deadlines, while maintaining a positive attitude

Hard Skills

• loan underwriting
• compliance review
• disclosures preparation
• doc preparation
• due diligence
• mortgage guidelines
• qualifying income analysis
• credit report analysis
• AUS underwriting
• manual underwriting

Soft Skills

• attention to quality
• customer service
• verbal communication
• written communication
• ability to work under pressure
• meeting deadlines
• positive attitude