US-Residential Mortgage Live Underwriter

Job Overview: The Conventional Underwriter reviews, conditions and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness. Job Roles and Responsibilities:  Review and analyse the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.  Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor and the company.  Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis | Risk Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios  Review Initial application - Verify loan, property, borrowers’ information with other available documents - Verify borrower's monthly income and expenses - Verify other relevant sections.  Review all the documents related to borrower’s Credit, Capacity, Collateral and Capital.  Calculate asset required for closing and reserve purpose for the transaction (as per guideline)  Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.  Provides final approval underwriting of mortgage loans.  Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.  Sign off conditions in a timely manner set by management.  Work with staff and management to find solutions on escalated loans.  May be requested to make recommendations for improving Internal Audit’s policies and practices.  Manage loans by using all functions of Encompass.  Effectively communicate underwriting decisions with processors and advisors  Maintain high level of customer service and communication with other departments.  Other duties as assigned.

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