Senior Underwriter, Underwriting, Consumer Direct APAC at Onity

Bengaluru, karnataka, India -

Full Time

Start Date

Immediate

Expiry Date

06 Jul, 26

Salary

0.0

Posted On

07 Apr, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mortgage Underwriting, Risk Assessment, Compliance, Financial Documentation Analysis, Income Calculation, Asset Verification, Liability Verification, Appraisal Review, Credit Report Analysis, Encompass, FHA Underwriting, VA Underwriting, Conventional Lending, Correspondent Lending, Reverse Mortgage, Customer Service

Industry

Financial Services

Description

POSITION SUMMARY: The 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 FUNCTIONS AND RESPONSIBILITIES 1. Review and analyze 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 2. Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines. 3. Provides final approval underwriting of mortgage loans – Conventional, Correspondent, FHA,VA, Reverse. 4. Completes all required paperwork and forms in a timely and accurate manner; prepares required forms 5. Sign off conditions in a timely manner set by management 6. 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 7. Manage loans by using all functions of Encompass 8. Effectively communicate underwriting decisions with processors and advisors 9. Maintain high level of customer service and communication with other departments 10. Other duties as assigned EDUCATION / EXPERIENCE 1. Bachelor’s degree or equivalent of fifteen years of education mandatory 2. Minimum of 1 years of experience in Mortgage Underwriting with thorough knowledge of Financial and nonfinancial supporting documentation, Income calculations, Asset/ Liabilities & Appraisal verification, Credit report review. 3. Knowledge about risk and compliance in Lending especially the FNMA & FHLMC Underwriting standards. 4. Knowledge about Underwriting procedures of Conventional, Correspondent Lending, Reverse mortgage, FHA, VA (Government loans) underwriting WORK SCHEDULE OR TRAVEL REQUIREMENTS * Ready to do any shifts as per Business unit requirements * Ready to travel office for training and other as per Business unit requirements

Responsibilities

The Senior Underwriter is responsible for reviewing and analyzing mortgage loan applications to ensure compliance with internal and regulatory guidelines. They make independent risk decisions and provide final approval for various loan types including Conventional, FHA, VA, and Reverse mortgages.