Underwriter

Job Description:

Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company is a global leader providing business process solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, Retail, and other diverse industries. With a global footprint across US, UK, India, Philippines, Mexico, Romania, Turkey, Trinidad & Tobago, South Africa, and Australia, they make it happen for their clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data, and analytics. Firstsources inch-wide, mile-deep practitioners work collaboratively, leveraging UnBPO - their differentiated approach to reimagining traditional outsourcing - to deliver real-world, future-focused solutions that drive speed, scale, and smarter decision, turning transformation into tangible results for clients.

Underwriter and Sr Underwriter

Experience required for the Job: 3+ years

Job Location: Chennai

Mode of work: WFH

Key skills: Underwriting, US mortgage

Position Overview

Candidate should have total 3+ years of US mortgage underwriting experience

• Well versed with FNMA. FHLMC, knowledge of GNMA and investor guidelines is an additional benefit
• Should have good analytical and problem-solving skills
• Should have decision-making skill when applying in business judgment
• 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
• Thorough income calculation Salaried income, business income, retired other income and rental income
• Complete review of Collateral and property valuation
• Assets verification include borrowers bank account statement, retirement accounts, mutual funds and other investments.
• Credit analysis based on borrowers Income, Asset, Liability and Collateral (4C of Underwriting) to determine the credit worthiness of a customer
• Validating and processing the Loan documents on behalf a Mortgage lender organization.
• Evaluating evidence of borrowers willingness and ability to repay the obligation
• Good communication, Presentation skills, Self-motivated and hard working

Criteria:

• Minimum 3 years of Underwriting experience in US Mortgage.
• Sound knowledge of US Residential mortgage
• Exposure of Underwriting processes & guidelines.
• Excellent critical thinking, problem solving and sound judgment. Analysis and Calculation of qualifying income from Salaried various tax documents such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, etc.

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Disclaimer: Firstsource follows a fair, transparent, and merit-based hiring process. We never ask for money at any stage. Beware of fraudulent offers and always verify through our official channels or email addresses.