Under Writer

• Underwrites Conventional, FHA and VA loans
• Perform complete and in-depth review of mortgage loan files including income, assets, credit and collateral in accordance with Fannie Mae selling guidelines and Lender overlays
• Well worst with Self-employment Cash-flow and Income Analysis , Read business tax returns 1120s, 1065 and K1
• Calculate Loan-To-Value/CLTV, Debt-To-Income and housing ratios
• Evaluate and ensure overall loan documents are accurate, complete, and compliant with Investor guidelines
• Risk Analysis, Identify red flags and note the file with all required conditions
• Independently manage active files, including the conditions clearing and act as a contact point for Processors and Loan Officers in understanding of policies and procedures, and QC Audit issues
• Utilize client s loan operating system to ensure accurate data entry
• Maintain current knowledge of client and investor requirements adaptable to changing updates and ensure loans are underwritten accordingly
• Obtain approvals from Mortgage Insurers and Investors by forwarding the terms based on their requirements, also seek Second Level Reviews with Risk Managers
• Opening the appropriate tasks in case of Approvals, Denials, Counter offers and Out of scopes
• Review and approve conditions for compliance and completion of loan file
• Possess thorough knowledge of underwriting and to be detail oriented with excellent research and decision making ability under deadline pressure to achieve Quality SLA

Requirements :

• 3+ years of Mortgage Underwriting experience
• Knowledge of UW Fannie Mae & Freddie Mac Guidelines requirements
• Expertise in Income calculation. Cash flow analysis, etc
• Proficient in review of credit report, Appraisal report, Income documents, Title commitment, Assets & Liability docs
• Must maintain the highest standard of attention to detail
• Good computer/technical knowledge-paperless environment
• Excellent Analytical and communication skills
• Candidates must be Able to work a rotational schedule encompassing the hours of 8 to 8 in a 40 hour work week; this will involve several days a week working an 11-8 schedule, according to a preset schedule