WiproEmployer profile
Senior Underwriter
Location not specified · 3–4 yrs
Experience- 3–4 yrs
Salary- Not disclosed
Location- Location not specified
- Work mode
- Not specified
- Job type
- Full-time
Apply by- Closing date not listed
- Posted
- 12 Dec 16
About this role
Role PurposeHands on experience in MS office applications
▪ Good verbal & written communication -Ability to handle demanding working environment and
work under pressure.
▪ Candidates with 3-4 years of mortgage processing experience and a background in Mortgage
Originations Ops
▪ Willingness to learn / Trainable / Problem solver.
▪ Attention to detail - Has to be accurate on numbers and deliver in timely manne
Roles & Responsibilities:
Ability to manually underwrite complex transactions to ensure the loan meets established guidelines.
- should have experience in mortgage insurance guidelines
- Underwriter should have the ability to read the guidelines to determine whether each loan meets
- Should know how to run the AUS and verify the data integrity off the Desktop UW / Loan Prospector
- Review the Employment Guideline Requirements
- Perform Income calculations (salaried / Self-employed / Rental / Other Incomes)
- Validate all type of Assets including 401K, Bank Statements, Mutual funds etc.,
- Usage of Assets against Income requirement / qualification
- Calculate Debt-to-Income Ratio, Loan-to-value Ratio, Housing Payments
- Review appraisal and perform Property Valuation and use property valuation tools
- Review Credit Report including Credit Scores, Existing liens, payments etc.,
- Should also review on the alternate / support documents for credit review.
- Title review and lien validations
- Review loan details in Loan application, Letter of explanations, gift letters
- Income verification on Bank statement loans.
- Client specific guideline review with alternate documentations
- Understanding on Counteroffer and Solution the loan
- Review on compliance documents
Graduates / Postgraduates in any stream
Mortgage(Originations)