Residential Mortgage Live Underwriter / Spe / Sme
- Accenture
- 2 - 7 years
- Hyderabad
- 1 month ago
- Email to a friend
- Report this job
Job Description
Loan Underwriter I (US)
Job Profile Summary: The Loan Underwriter I is primarily responsible for: Mortgage Operations: Underwriting and evaluating conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. Consumer Operations: Underwriting and evaluating
Home Equity and Consumer Loans
Depth & Scope:
- Underwrites ethical and salable residential mortgage and consumer loans and evaluate risk while insuring 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 condition
- Demonstrates In-depth knowledge of regulatory, investor and departmental lending policies for underwriting of conventional loan requests
- Evaluates all documents and condition loan accordingly. Inform Processor of any additional items necessary to substantiate loan request
- Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation and assists in clearing or resolving any issues
- Notifies Management of 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
- May coach and mentor assigned operations staff and assists with training and guidance as assigned by Underwriting Manager
Education & Experience:
- High school diploma or GED required
- 1-2 years underwriting experience and/or 2 + years of loan processing experience
- Working knowledge of loan underwriting and documentation requirements
- Knowledge of Agency Guidelines and DU automated underwriting system and the ability to provide excellent customer service to both internal and external customers
- Excellent oral and written communication skills
- Solid PC skills
- Knowledge of regulatory, investor and departmental lending policies for underwriting
- Knowledge of CRA products and industry
- Detail oriented, possessing excellent organizational, analytical and decision making skills
- Ability to communicate with multiple business partners in the organization
- Ability to handle heavy workload, multitask and meet stringent deadlines
Loan Underwriter II (US)
Job Profile Summary: The Loan Underwriter II underwrites and evaluates conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. The Loan Underwriter II 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
Education & Experience:
- High school diploma or GED required; 2 year degree or equivalent experience preferred
- 2+ years 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
- Ability to effectively communicate with all types of personalities and the ability to provide excellent customer service to both internal and external customers
- Superior oral and written communication skills
- Excellent PC skills
- In-depth knowledge of CRA products and industry
- Knowledge of CRA products and industry
- Detail oriented, possessing excellent organizational, analytical and decision making skills
- Ability to communicate with multiple business partners in the organization
- Ability to handle heavy workload, multitask and meet stringent deadlines
Loan Underwriter III (US)
Job Profile Summary: The Loan Underwriter III underwrites and evaluates conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. This job also underwrites and evaluates Home Equity and Consumer Loans.
Depth & Scope:
- Underwrites ethical and salable residential mortgage 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
- Evaluates all documents and conditions loan accordingly
- Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation; clears or resolves any issues
- Escalates integrity issues as appropriate 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
- Monitors vendor performance if required, submits monthly reports to management
Education & Experience:
- 2 year degree or equivalent experience preferred
- 3-5 years loan underwriting experience or 5-7 years of loan processing experience
- 3-5 Years Residential Loan Underwriting Experience
- Supports the High Net Worth/Wealth Mgmt customers, with residential/consumer lending limits in the $1-2MM aggregate range as approved by Credit Risk Management
- Outstanding knowledge of loan underwriting documentation requirements
- Mortgage Operations - complete knowledge of FNMA DU automated underwriting system; must also be familiar with underwriting jumbo loans and government products such as FHA and VA loans
- Ability to effectively communicate with all types of personalities and the ability to provide excellent customer service to both internal and external customers
- Superior oral and written communication skills
- Excellent PC skills
- In-depth knowledge of regulatory, investor and departmental lending policies for underwriting of conventional loan requests
- In-depth knowledge of CRA products and industry
- Detail oriented, possessing excellent organizational, analytical and decision making skills
- Ability to communicate with multiple business partners in the organization
- Ability to handle heavy workload, multitask and meet stringent deadlines
Loan Underwriter IV (US)
Job Profile Summary: The Underwriter IV underwrites and evaluates the most complex conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. This job also underwrites and evaluates Home Equity and Consumer Loans.
Depth & Scope:
- Underwrites complex residential mortgage loans and evaluates risk while ensuring the quality of each loan submitted
- Senior level loan decision authority, reviews and underwrites most complex portfolio loans CEMA, Med/Pro, Construction, Jumbo and Wealth
- Approves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policies and procedures within risk tolerance
- Independently considers, recommends and discusses alternative structures and overall assessments
- Evaluates all documents and conditions loan accordingly
- Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation; clears or resolves any issues
- Escalates integrity issues as appropriate 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.
- Indirect supervisory authority; coaches and mentors junior underwriters; assists with training and assesses analysis prepared for accuracy and compliance with policy, guidelines and procedures in all prepared loan recommendations to arrive at an appropriate credit decision
- Obtains and reviews financial information and provide in-depth credit analysis practices
- Acts as a subject matter expert in the most complex lanes or work
Education & Experience:
- 4 Year Degree or equivalent experience preferred
- 5-7 Years of related experience
- Strong knowledge of local market sector and industry trends
- Ability to understand and interpret real estate appraisals
- Ability to identify, analyze and mitigate project risks
- Advanced written and verbal communication skill
- General knowledge of Microsoft Office Suite
- Strong interpersonal and negotiation skills
- Strong Focus on documentation and risk management
- Demonstrated ability to complete complex tax return analysis to determine cash flow income
- History of underwriting complex jumbo loans in addition to thorough knowledge of agency guidelines
Valid PAN Number - _____________________(Why PAN Required > Mandatory to Process Candidature & Find Duplicity in Internal PAN Validation Process and also to initiate a screening call
Please reach out in case of any queries.
Sonali Chattopadhyay I Associate People Success
Orcapod Consulting Services Pvt Ltd.
Email I so*****************y@or****d.work
www.orcapodservices.com
9548431***
Job Classification
Industry: BPM / BPOFunctional Area / Department: Finance & AccountingRole Category: Finance & Accounting - OtherRole: Finance & Accounting - OtherEmployement Type: Full timeContact Details:
Company: Orcapod ConsultingLocation(s): Hyderabad
Keyskills: Live Underwriting Communication Skills Us Residential Mortgage Loan Processing Residential Mortgage Loan Underwriting Mortgage operation lending policies US Mortgage
Similar positions
Accenture
Join a leading multinational company committed to excellence and innovation. We are looking for dynamic professionals to deliver world-class support. Be part of a diverse, inclusive workplace that values growth. Take your career global—apply now!
Job Listings
We are in open beta version of website, please let us know if any issues, at: info(at)indigojobs.in