Hi,
We are Hiring !
Location- Hyderabad/Chennai
Email- Lavanya.j@natobotics.com
Job Profile Summary:The Loan Underwriter I is primarily responsible for: Mortgage Operations: Underwriting and evaluating conventional, FHA, VA, and CRA Residential Mortgage applications in compliance with bank policies and procedures. Consumer Operations: Underwriting and evaluating
Home Equity and Consumer Loans
Depth & Scope:
- Underwrites ethical and salable residential mortgage and consumer loans and evaluate risk while insuring the quality of eachloan submitted
- Approves loans, issues alternative options, or adverse action accordingly using sound judgment while applying bank policiesand procedures
- Validates the data entry to the appropriate Loan Operating System and evaluates all applicable documentation as required by job function and condition
- Demonstrates In-depth knowledge of regulatory, investor and departmental lending policies for underwriting of conventionalloan requests
- Evaluates all documents and condition loan accordingly. Inform Processor of any additional items necessary to substantiateloan request
- Identifies loans for exceptions while ensuring proper procedures are followed for approval and documentation and assists inclearing or resolving any issues
- Notifies Management of integrity issues and ensures files are compliant to internal guidelines and external regulatoryrequirements
- Maintains knowledge of loan product guidelines, internal policies and procedures, and regulatory requirements
- May coach and mentor assigned operations staff and assists with training and guidance as assigned by UnderwritingManager
Education & Experience:
- High school diploma or GED required
- 1-2 years underwriting experience and/or 2 + years of loan processing experience
- Working knowledge of loan underwriting and documentation requirements
- Knowledge of Agency Guidelines and DU automated underwriting system and the ability to provide excellent customer service to both internal and external customers
- Excellent oral and written communication skills
- Solid PC skills
- Knowledge of regulatory, investor and departmental lending policies for underwriting
- Knowledge of CRA products and industry
- Detail oriented, possessing excellent organizational, analytical and decision making skills
- Ability to communicate with multiple business partners in the organization
- Ability to handle heavy workload, multitask and meet stringent deadlines