Walk in - Underwriter - US Residential Mortgage - 24 Oct

Cognizant; Chennai; Vor Ort; INR 600.000 - 750.000; Vollzeit

Zusammenfassung

Cognizant in Chennai invites an experienced US Residential Mortgage Loan Underwriter to evaluate conventional, FHA, VA and CRA applications, including Home Equity and consumer loans, in line with bank policies.

The role requires 3+ years of underwriting experience, familiarity with the DU automated underwriting system, and knowledge of CRA products. A face-to-face drive is scheduled for 24 Oct 2026; domestic mortgage experience will not be considered.

Qualifikationen

• 3+ years of underwriting experience.
• Advanced knowledge of loan underwriting documentation requirements.
• Familiarity with Agency DU automated underwriting system and complex products.
• Knowledge of CRA products and industry.

Aufgaben

• Underwrites all types of income and product types for residential mortgage loans and consumer loans.
• Approves loans or provides alternatives/adverse action per bank policies.
• Validates data entry in Loan Operating System and requests additional items as needed.
• Ensures compliance with regulatory, investor, and internal policies.

Kenntnisse

Underwriting

Regulatory knowledge

DU underwriting

CRA products

Tools

Loan OS

Jobbeschreibung

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 24 Oct 2026 (Saturday)

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