Job Roles and Responsibilities:

Candidate should have minimum 2 years of UW experience
Well versed with FNMA. FHLMC and investor guidelines, able to review and locate exact guidelines for decision making
Should have good analytical and problem-solving skills
Manage end-to-end underwriting processes, primarily focusing on conventional loans, Closed End Second and VA IRRRL
Accurately calculate different Income types such as Salaried, Self-Employment, other income and rental income for loan decisioning
Should have decision-making skill when applying in business judgment based on Underwriting review
Evaluate complete loan documents and should provide approval or denial decision
Complete review of credit report to verify trade lines, derogatory accounts, public records and credit reconciliation, calculate HTI/DTI
Complete review of Collateral and property valuation to identify physical and market conditions of property
Assets verification includes borrowers bank account statement, retirement accounts, mutual funds and other investments. Identify red flags, large deposits, regular deductions on bank statement
Apply expertise in the 4Cs of underwriting (Credit, Capacity, Collateral, and Capital)
Evaluating evidence of borrowers willingness and ability to repay the obligation
Good communication, Presentation skills, Self-motivated and hard working
Able to review investor guidelines (Allregs FNMA & Freddie) and client overalls

Underwriter