US Mortgage Underwriter

You will assess lender performance, ensure regulatory compliance, and manage financial risk. This role requires a solid background in underwriting US mortgages, knowledge of borrowers income and assets, and experience in reviewing escrow or condo documents.Responsibilities
Loan Application Review:
Thoroughly review loan applications for completeness, accuracy, and compliance with underwriting guidelines.
Verify income, assets, credit history, and property value.
Assess borrower's debt-to-income ratio and overall financial health.
Credit Risk Assessment:
Evaluate credit risk factors, including credit scores, derogatory credit items, and payment history.
Determine the borrower's ability to repay the loan.
Underwriting Guidelines:
Adhere to all applicable federal and state mortgage lending regulations.
Stay up-to-date with changes in underwriting guidelines and policies.
Documentation:
Request and review supporting documentation, such as tax returns, pay stubs, bank statements, and appraisals.
Ensure that all required documentation is complete and accurate.
Decision Making:
Make informed decisions regarding loan approval or denial based on underwriting criteria.
Document the rationale for all decisions.
Quality Control:
Maintain high quality standards in underwriting processes.
Identify and address potential risks or issues.