Underwriting Specialist

Better; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A dynamic mortgage company in Singapore seeks an Underwriting Specialist responsible for reviewing mortgage loan applications and assessing applicant creditworthiness. The ideal candidate holds a Bachelor's degree in finance or business, with at least 2 years of experience in mortgage underwriting. Strong analytical skills and compliance knowledge are essential. Join us for competitive benefits and a collaborative work environment.

Benefits

Comprehensive medical plans

Daily meals

Transport facilities

Additional allowances

Qualifications

• Minimum 2 years of experience in US mortgage underwriting.
• Strong understanding of financial profiles and risk assessment.
• Experience in reviewing mortgage documentation and credit reports.

Responsibilities

• Review mortgage loan applications for necessary documentation.
• Assess applicant's financial profile and creditworthiness.
• Ensure compliance with federal and state regulations.

Skills

Analytical skills

Knowledge of mortgage industry regulations

Excellent communication skills

Attention to detail

Ability to work independently

Education

Bachelor's degree in finance, business, or related field

Tools

Underwriting software

Automated systems

Job description

As an Underwriting Specialist at Better, you will play a crucial role in reviewing mortgage loan applications, assessing applicants" creditworthiness, and ensuring compliance with relevant guidelines and regulations. Your expertise will be essential in facilitating loan approvals for qualified borrowers while minimizing risks for the lender.Your responsibilities will include thoroughly reviewing mortgage loan applications to confirm the presence of all necessary documentation, verifying applicant information such as income, employment history, credit history, and assets, and analyzing credit reports and scores to determine creditworthiness. Additionally, you will assess the risk associated with each loan application based on the applicant's financial profile.It is imperative for you to ensure that all loans adhere to federal and state regulations, as well as lender-specific guidelines. Staying updated on mortgage regulations and guidelines is crucial to maintaining compliance and identifying and reporting any potential fraud or misrepresentation in loan applications.Your role will involve effective communication with loan officers, borrowers, and other stakeholders to gather additional information or clarify discrepancies. Maintaining organized records of all loan files and documentation, making informed decisions regarding loan recommendations, and collaborating with other departments for a seamless loan closing process are also key aspects of your responsibilities.To qualify for this role, you should hold a Bachelor's degree in finance, business, or a related field and possess a minimum of 2 years of experience in US mortgage underwriting. Strong analytical skills, knowledge of mortgage industry regulations, familiarity with underwriting software and automated systems, excellent communication skills, attention to detail, and the ability to work independently are essential attributes we are looking for in potential candidates.At Better, we value immediate joiners, although candidates with a notice period of up to 3 months are welcome to apply. We offer a range of company benefits, including comprehensive medical plans, office perks such as daily meals and transport facilities, and additional allowances to ensure your well-being and convenience. Join us at Better and be a part of a dynamic team where your skills and potential are recognized and valued.,

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