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Senior Underwriter @ Coforge

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 Senior Underwriter

Job Description

Job Description


Role - Senior Underwiter/Team Member

Qualification - Any graduate/Post-Graduate

Min exp - 1 to 6 years in underwriting and income calculation

Location - Pune

Shift - Rotational

Week off - Sat & Sun

Cab - One way drop provided


What we are looking for:-


  • Should be aware of 4 cs of Underwriting (Credit, Capacity, Collateral & Capital)
  • Should be well versed with Investor Guidelines (FNMA, FHLMC & GNMA)
  • Should know how to calculate and derive income per Income documents as per pay frequency (Daily, Weekly, Bi-Weekly, and Bi-Monthly/Semi S Monthly).
  • Income document requirements for different types of income(Salaried, Self-Employed & Other types of income)
  • Should have knowledge to review Asset documents, Credit Report, Investor guidelines, Fraud Alerts, Public records, Judgements & Liens.
  • Have Knowledge of Appraisal Report, Appraisal Management guidelines (differs per lenders), Appraisal form types basis type of property (1004, 1073, 1025 etc.), Condo & PUD property requirements.
  • Should know to calculate Qualifying ratios (Debt-to-income & Frontend ratio)
  • Should know to review AUS findings and meet or clear the AUS findings requirements or Potential Alerts.
  • Should know to review other critical documents like (Sales Contract, Insurance docs & Tax docs)
  • Should investor guidelines.

Job Classification

Industry: BPM / BPO
Functional Area / Department: BFSI, Investments & Trading
Role Category: BFSI, Investments & Trading - Other
Role: BFSI, Investments & Trading - Other
Employement Type: Full time

Contact Details:

Company: Coforge
Location(s): Pune

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Keyskills:   Underwriting Income Calculation Post Closing US Mortgage Appraisal mortgage origination

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Coforge

Coforge is a global digital services and solutions provider, that enables its clients to transform at the intersect of domain expertise and emerging technologies to achieve real-world business impact. A focus on very select industries, a detailed understanding of the underlying processes of those...