Walk in - Underwriter - US Residential Mortgage - 17 Oct

Cognizant; Chennai; Presencial; INR 1.200.000 - 1.800.000; Jornada completa

Descripción de la vacante

Cognizant is seeking a US Residential Mortgage Loan Underwriter to evaluate conventional, FHA, VA, and CRA residential mortgage applications in line with bank policies. The role covers Home Equity and Consumer Loans and requires strong knowledge of loan products and regulatory requirements.

The position involves underwriting, risk assessment, data validation, and mentoring junior staff, with a focus on maintaining file integrity and compliance across processes.

Formación

• 3+ years of underwriting experience.
• Advanced knowledge of loan underwriting documentation requirements.
• Knowledge of Agency DU automated underwriting system; familiar with larger, complex and specialty products.
• In-depth knowledge of CRA products and industry.

Responsabilidades

• Underwrites conventional, FHA, VA, CRA residential mortgage applications and consumer loans in compliance with bank policies.
• Approves loans or provides alternatives/adverse action as appropriate.
• Validates data entry in the Loan Operating System and requests additional items as needed.
• Demonstrates knowledge of regulatory and investor lending policies for underwriting.
• Coaches and mentors assigned operations staff and assists with training.

Conocimientos

Mortgage underwriting

Regulatory knowledge

Underwriting documentation

Training & mentoring

Herramientas

DU automated underwriting system

Descripción del empleo

US Residential Mortgage Loan Underwriter

Level - SPE , SME, TL and TM.

Job Profile Summary:

The Loan Underwriter underwrites and evaluates conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. The Loan Underwriter underwrites and evaluates Home Equity and Consumer Loans.

Depth & Scope:

• Underwrites all types of income, all product types including ethical and salable residential mortgage loans and consumer loans and evaluates risk while ensuring the quality of each loan submitted
• Approves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policies and procedures
• Validates the data entry to the appropriate Loan Operating System and evaluates all applicable documentation as required by job function and conditions loan accordingly; informs Processor of any additional items necessary to substantiate loan request
• Demonstrates in-depth knowledge of regulatory, investor and departmental lending policies for underwriting of conventional loan requests
• Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation; assists in clearing or resolving any issues
• Manages integrity issues 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
• Coaches and mentors assigned operations staff; assists with training and guidance as assigned

Experience:

• 3+years of underwriting experience.
• Advanced knowledge of loan underwriting documentation requirements
• Knowledge of Agency DU automated underwriting system; must also be familiar with underwriting larger, more complex and specialty products
• In-depth knowledge of CRA products and industry
• Knowledge of CRA products and industry

NOTE

We are conducting a F2F drive on 17 Oct 2026 (Saturday)

Those having domestic mortgage experience and domestic bank loan processing would not be considered.