Sr. Associate Account Management

Sutherland

Mumbai

On-site

INR 600,000 - 900,000

Full time

14 days+

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Benefits offered by this job

Mediclaim

Insurance benefits

Travel allowance

Job summary

Sutherland Mortgage Services in Navi Mumbai is seeking a Live Underwriter with 2-3 years of experience in US residential mortgage underwriting.

You will review 1003/URLA, income, employment, assets, credit, and DSCR scenarios, using Encompass LOS to document conditions and decisions. The role follows US shift hours, full-time, with Mediclaim, insurance benefits and travel allowance.

Qualifications

2+ years live underwriting experience in US residential mortgage.
Strong knowledge of 1003/URLA documentation.
Experience with DU/AUS.
Strong income, credit, asset and liability analysis.
Non-QM / DSCR experience preferred.

Responsibilities

Review 1003/URLA and supporting loan documents.
Analyze income, employment, assets, liabilities, credit and REO.
Review Non-QM / DSCR loan scenarios.
Validate bank statements, large deposits and source of funds.
Review appraisal, property, occupancy and LTV/CLTV.
Identify discrepancies across 1003, credit and supporting documents.
Make independent underwriting decisions based on applicable guidelines.
Prepare detailed underwriting summaries and document conditions in LOS.

Skills

US Residential Mortgage Underwriting

URLA 1003 documentation

DU/AUS

Income/credit/asset analysis

Non-QM/DSCR

Education

HSC or Graduate

Tools

LOS Encompass

Job description

Key Responsibilities

Review 1003/URLA and supporting loan documents.
Analyze income, employment, assets, liabilities, credit and REO.
Review Non-QM / DSCR loan scenarios.
Validate bank statements, large deposits and source of funds.
Review appraisal, property, occupancy and LTV/CLTV.
Identify discrepancies across 1003, credit and supporting documents.
Make independent underwriting decisions based on applicable guidelines.

SCOPE OF WORK FOR LIVE UNDERWRITER ROLE

Loan Application Review & Credit Assessment: Review and analyze loan applications and supporting documentation including income, credit reports, employment history, and property details. Assess borrower creditworthiness using the 4 C's methodology (Character, Capacity, Capital, Collateral) to ensure sound lending decisions.
Income Calculation & Financial Analysis: Evaluate and calculate borrower income from various sources including salaried, hourly, commission, bonus, rental, and self-employment income. Analyze documents such as paystubs, W-2s, tax returns, and business financials (Schedule C, K-1, 1065, 1120S) to determine qualifying income accurately.
Collateral & Property Evaluation: Review appraisal reports, AVMs, and residential valuation documents to validate property value and ensure compliance with lending guidelines. Analyze title reports, lien positions, and ownership details.
Underwriting Decision & Documentation: Prepare detailed underwriting summaries, identify red flags, and document conditions and stipulations within the Loan Origination System (LOS), preferably Encompass. Recommend appropriate loan structures based on risk assessment.
Workflow Management & Communication: Collaborate with processors and internal stakeholders throughout the underwriting lifecycle. Provide clear communication on loan decisions, required conditions, and final clear-to-close (CTC) status.
Risk Identification & Compliance: Identify discrepancies, inconsistencies, and potential risks in loan files. Ensure all underwriting decisions comply with internal policies and regulatory requirements.
Reporting & Reconciliation: Handle reconciliation of complex borrower accounts and prepare daily aging and pipeline reports to track loan progress and turnaround times.
System Utilization & Process Adherence: Utilize LOS platforms (Encompass preferred) and adhere to underwriting workflows, ensuring accuracy, efficiency, and compliance with company standards.

Mandatory Skills