Walk-in | Mortgage Underwriter

HCL Technologies Limited; Chennai; On-site; INR 600,000 - 900,000; Full time

Job summary

HCL Technologies Limited is seeking a Mid-Senior Mortgage Underwriter in Chennai to analyze loan parameters and borrower details, including income, credit, and assets. The role involves rendering credit decisions, ensuring data integrity, and applying regulatory guidelines with prudent judgment.

You will verify income, employment, and credit history, calculate collateral value, and ensure loan terms meet bank requirements and government regulations. Night shifts are required.

Qualifications

• Bachelor’s degree required, preferably B.Com/BBA/MBA.
• 3–5 years of banking experience with 1–2 years in residential mortgage underwriting.
• Willingness to work in night shifts.

Responsibilities

• Render credit decisions based on established criteria.
• Conduct income verification and analysis to assess repayment ability.
• Verify income and employment information.
• Review credit history including bankruptcies and delinquencies.
• Assess collateral value and asset verification.
• Ensure loan terms comply with regulations.

Skills

Mortgage underwriting

Credit analysis

Income verification

Regulatory compliance

Attention to detail

Multitasking

Education

Bachelor's degree in any discipline

B.Com/BBA/MBA preferred

Job description

Role & responsibilities

This is a Residential Mortgage Underwriting process which involves a complete analysis of the loan parameters and the borrowers details pertaining to Income, credit and assets.

Candidate shall be responsible for rendering decisions on credit applications based on established criteria. Determine creditworthiness, risk associated with borrower based on credit profile and Income worthiness (Income analysis) of the borrower. Communicate decisions that most effectively mitigate credit risks, including data integrity and validity of information submitted. Applies understanding of established guidelines, Fair Lending and all other regulatory requirements when evaluating loan attributes while utilizing prudent underwriting judgment and experience.

Responsibilities

• Works under moderate supervision; acquires and applies maturing knowledge of the business, its products, and processes.
• Evaluate and verify applications – determining whether borrower will be able to repay the loan by performing a detailed income verification (Income Verification and analysis)
• Verify income and employment information,
• Review credit history, including Bankruptcy, Fraud alerts, Bankruptcy Discharge, Delinquency and Foreclosures. (Credit Review and Analysis)
• Calculate the value of the borrower’s collateral and assets (Asset Review and Analysis)
• Ensure that the property specifications and loan terms meet Bank’s requirements and government regulations.

Skills Required

• Excellent reading and comprehension skills.
• Excellent decision-making skills that are backed by relevant details and research.
• Good analytical and audit skills.
• Good oral and written communication skills along with good listening skills
• Knowledge pertaining to the regulations governing mortgage lending.
• Logical and reasoning skills
• Ability to multitask
• Must pay close attention to detail

Minimum Requirements

• Bachelor's degree in any discipline preferably B. Com/BBA/MBA.
• 3 to 5 years of overall banking experience with a minimum of 1 to 2 years’ experience in residential Mortgage Underwriting for Conventional/FHA/VA loans.
• Willingness to work in night shifts is a must.
• Seniority Level
  Mid-Senior level