Analyst – Underwriting Services
- Full time
- Gurgaon IN
- @Better
Job Detail
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Job ID 3060
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Career Level Others
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Experience 2-4 Years
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Industry Finance
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Qualifications Degree Bachelor
Job Description
About The Role:
- As an Underwriting Services IC, you will play a crucial role in ensuring the accuracy and completeness of mortgage applications, evaluating financial documents, and assessing the creditworthiness of applicants.
- You will have the opportunity to review a wide array of property, income and credit profiles. Additionally, there will be continued education to help you develop your skills and overall credit acumen, that will lead to a successful career in the mortgage industry. We value the experience gained while in this role to help bridge the gap to becoming a seasoned Underwriting Services analyst
About You:
- Any Bachelor’s degree. However, a Bachelor’s degree in finance, business, or a related field is a plus
- Minimum 2 years experience in US mortgage Underwriting
- Strong analytical skills with the ability to evaluate complex financial documents
- Knowledge of mortgage industry regulations,primarily conventional loan programs
- Excellent communication and interpersonal skills
- Flexibility to work in different time zones to accommodate US-based calls
- Attention to detail and the ability to work independently
- Having a knowledge of Collateral documents is a plus
Responsibilities:
- Understanding of 4 C’s of Underwriting
- Verify applicant’s Credit, Income, Asset and Collateral documentation along with Purchase contract agreements
- Deep understanding of Ratio Calculation and AUS reading
- Ensure correct documents are processed in company tools and portals used for underwriting
- Ensure compliance with company policies, industry regulations, and underwriting guidelines throughout the evaluation process
- Communicate effectively with applicants, loan officers, and other internal stakeholders to request additional information, explain decisions, and provide feedback
- Maintain accurate records of underwriting decisions, reasons for approval or rejection of documents, and any additional documentation required
- Stay up-to-date with industry trends, regulatory changes, and evolving underwriting practices to continuously improve the underwriting process
- Initiate outbound calls or emails to collect essential information regarding the borrower
Required skills
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