US Mortgage Underwriter

Cloudxtreme; Pune District, Chennai District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Cloudxtreme is seeking a QA Underwriter with 3+ years of conventional mortgage underwriting experience to join our facilities team in Pune/Chennai.

You will review mortgage files, calculate income, analyze debt and assets, and enter data into the loan operating system. You’ll use AUS/DU or manual guidelines to determine approvals and clear conditions while delivering strong customer service.

Qualifications

• Minimum 2+ years current conventional mortgage loan underwriting experience.
• Strong knowledge of income calculations, tax returns, and credit reports.
• Thorough knowledge of GSE underwriting guidelines and automated underwriting engines.

Responsibilities

• Review mortgage files including income, assets, credit and collateral.
• Enter data into the client’s loan operating system accurately.
• Underwrite loans using AUS/DU or guidelines and issue decisions.
• Identify red flags and condition files for final approval.
• Provide excellent customer service to internal and external clients.
• Maintain knowledge of client/investor requirements and respond to post-closing issues.

Skills

Analytical skills

Communication skills

Time management

Team player

Attention to detail

Stress tolerance

Education

NMLS-MLO Licensure preferred

Tools

DU/LP

AUS

Job description

3+years

Location - Chennai, Pune

JD QA-Underwriting

Position Overview:

The Underwriters 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:

• 4 C’s ofUnderwritingto qualify a loan:Credit, Capacity, Capital and Collateral.
• Nisht shift
• 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 underwriting
• Assist 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 flag
• 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