Underwriter

Moder Solutions; Bengaluru; On-site; INR 500,000 - 900,000; Full time

Job summary

Moder Solutions in Bengaluru, India, seeks a Conventional Underwriter to review, condition, and underwrite mortgage loans in line with policies and HUD guidelines. You will examine documentation for accuracy and completeness, ensuring eligibility and risk controls are met.

You will analyze loan data, collateral, and compliance, make independent risk decisions, and provide final underwriting approvals. The role requires using Encompass, completing paperwork promptly, and maintaining strong

Qualifications

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

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.
• Make independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
• Provide final approval underwriting of mortgage loans.
• Complete 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 Audits 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.

Education

Degree or Equivalent

Job description

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.
• 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 Audits 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 4Cs of Underwriting (Asset, Income, Credit and Collateral.