Y-Axis Jobs Logo
Send us feedback
telephone  +91 7670 800 001
Log in Sign up Try Premium
Underwriter, Correspondent Lending –APAC at Onity
Mumbai City, maharashtra, India -
Full Time

Start Date

Immediate

Expiry Date

23 May, 26

Salary

0.0

Posted On

22 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Loan Underwriting, Creditworthiness Assessment, Regulatory Guidelines, Analytical Skills, Credit Decisions, Income Calculations, Credit Review, Asset Review, LTV Calculation, DTI Calculation, Fannie Mae Guidelines, Freddie Mac Guidelines, FHA Loans, VA Loans, USDA Loans, Communication Skill

Industry

Financial Services

Description
POSITION SUMMARY: An Underwriter for Correspondent Lending is responsible for evaluating and analyzing loan applications submitted by correspondent lenders to ensure they meet investor and regulatory guidelines. They assess borrower creditworthiness, collateral, and compliance with underwriting standards to mitigate risk. This role requires strong analytical skills, attention to detail, and the ability to make sound credit decisions while supporting correspondent lending partners. JOB FUNCTION AND RESPONSIBILITIES: To work on loan underwriting and complete the daily target or assignments. Have experience in US Mortgage Underwriting. Working on 4 C’s (Credit, Capacity, Capital, and Collateral). Knowledge on Income Calculations (Wage, Self Employed and other incomes). Knowledge on Credit review (liability reconciliations and guideline requirements) Knowledge on Assets/Capital review with guideline requirements. Knowledge in LTV, CLTV calculations, PITI and DTI calculations. Knowledge in Fannie Mae and Freddie Mac guideline requirements. Knowledge in Govt. loans (FHA, VA and USDA) Knowledge on FHA/VA/USDA guideline requirements. Good communication skill. QUALIFICATION: • Minimum bachelor’s degree is a must WORK SCHEDULE OR TRAVEL REQUIREMENTS: Night Shift
Responsibilities
The Underwriter is responsible for evaluating and analyzing loan applications from correspondent lenders to ensure compliance with investor and regulatory guidelines, while also meeting daily underwriting targets. This involves assessing borrower creditworthiness, collateral, and adherence to underwriting standards to effectively mitigate risk.