US Underwriter

Credence Hr Services; Hyderabad, Chennai; On-site; INR 1,200,000 - 2,800,000; Full time

Job summary

Credence HR Services is seeking an experienced Mortgage Underwriter IV for Residential US loans in Hyderabad. The role involves evaluating complex conventional, FHA, VA, and CRA mortgage applications, including Home Equity and Consumer Loans, with senior-level decision authority.

The candidate will mentor junior underwriters, review appraisals, and ensure adherence to internal policies and external regulations while maintaining strong risk management practices.

Qualifications

• 4 Year Degree or equivalent experience preferred.
• 7-10 years of related experience in mortgage underwriting.
• Strong knowledge of local market sector and industry trends.
• Ability to understand and interpret real estate appraisals.
• Identify, analyze and mitigate project risks.
• Advanced written and verbal communication skills.
• Proficient with Microsoft Office Suite.
• Strong interpersonal and negotiation skills.
• Focus on documentation and risk management.
• Experience underwriting complex jumbo loans and agency guidelines.

Responsibilities

• Underwrites and evaluates complex residential mortgage loans ( conventional, FHA, VA, CRA ).
• Acts with senior-level loan decision authority on portfolio loans.
• Approves loans or presents alternatives in line with policies and risk tolerance.
• Reviews documents and conditions to ensure accurate underwriting.
• Identifies exceptions and ensures proper approval and documentation.
• Escalates integrity issues and ensures regulatory compliance.
• Maintains knowledge of product guidelines and procedures.
• Coaches junior underwriters and assists training.
• Provides in-depth credit analysis and cash flow reviews.
• Serves as SME for the most complex loan scenarios.

Skills

Market trends knowledge

Real estate appraisals interpretation

Interpersonal negotiation

Documentation & risk focus

Cash flow income analysis

Advanced communication

Education

4 Year Degree or equivalent experience

7-10 years related experience

Job description

Role & responsibilities

Mortgage Underwriter ( Residential- US)

Job Profile Summary: The Underwriter IV underwrites and evaluates the most complex conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. This job also underwrites and evaluates Home Equity and Consumer Loans.

Depth & Scope:

• Underwrites complex residential mortgage loans and evaluates risk while ensuring the quality of each loan submitted
• Senior level loan decision authority, reviews and underwrites most complex portfolio loans CEMA, Med/Pro, Construction, Jumbo and Wealth
• Approves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policies and procedures within risk tolerance
• Independently consider, recommends and discusses alternative structures and overall assessments
• Evaluates all documents and conditions loan accordingly
• Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation; clears or resolves any issues
• Escalates integrity issues as appropriate and ensures files are compliant to internal guidelines and external regulatory requirements
• Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements.
• Indirect supervisory authority; coaches and mentors junior underwriters; assists with training and assesses analysis prepared for accuracy and compliance with policy, guidelines and procedures in all prepared loan recommendations to arrive at an appropriate credit decision
• Obtains and reviews financial information and provide in-depth credit analysis practices
• Acts as a subject matter expert in the most complex lanes or work

Education & Experience:

• 4 Year Degree or equivalent experience preferred
• 7-10 Years of related experience
• Strong knowledge of local market sector and industry trends
• Ability to understand and interpret real estate appraisals
• Ability to identify, analyze and mitigate project risks
• Advanced written and verbal communication skill
• General knowledge of Microsoft Office Suite
• Strong interpersonal and negotiation skills
• Strong Focus on documentation and risk management
• Demonstrated ability to complete complex tax return analysis to determine cash flow income
• History of underwriting complex jumbo loans in addition to thorough knowledge of agency guidelines