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Job role

- Review and analyze loan applications, credit reports, income documents, asset statements, and collateral documentation.
- Evaluate borrower risk based on creditworthiness and compliance with investor and regulatory guidelines.
- Make sound underwriting decisions and issue approvals, suspensions, or denials based on documented findings.
- Ensure compliance with Fannie Mae, Freddie Mac, FHA, VA, and other agency/investor guidelines.
- Provides final approval underwriting of mortgage loans.
- Sign off conditions in a timely manner set by management.
- Participate in internal audits and assist in resolution of post-closing and quality control issues.
- Minimum of 4-5 years of experience in US mortgage underwriting.
- Any graduation / Post Graduation is preferred.
- Strong knowledge of conventional and government loan underwriting (FHA, VA, USDA).
- Familiarity with AUS systems (DU/LP), loan origination systems, and compliance requirements.
- Excellent analytical and decision-making abilities.
- Strong verbal and written communication skills.
- Shift: Primarily Night shift (9:30 PM to 6:30 AM IST). Must be flexible to operate in other shifts/holidays basis the business requirement

Must have skills

- Live & PFQC underwriting
- Conv & Govt loan products (FHA, VA & USDA)

Strong Written Communication skills

Good to have skills

Valuable Verbal Communication Skills

- Independently analyse loan files to ensure adherence to: Regulations and legal standards governing mortgage lending. Loan programs and guidelines, including superior knowledge of conventional, conforming, non-

conforming, and government programs and guidelines.

- Make independent decisions regarding acceptability of loan files and approval/denial of loan applications
- Critically analyse loan files to ensure that information is compliant with lending guidelines and legal standards,

including “red flags”, suspicious activity standards,



and ethical lending standards

- Application of program requirements, lending guidelines, regulations and appropriate credit policies to loan files to approve or deny credit or advise senior management
- Work with loan originators and production staff to acquire required documents to verify the income and employment details of the applicant, review the applicant's credit profile, analyse financial statements, and consider other information to act on loan and credit requests
- Examine loan documentation for accuracy and completeness and determine whether additional information may be required to make a credit decision
- Examine and analyse assets, liabilities, income, and debt information related to applicants, to make a credit decision
- Evaluate and review appraisal reports and collateral issues related to real estate to determine whether it may properly support the approval of a loan application the loan
- Exhibit superior decision-making skills that are supported by relevant details and research
- Compare automated underwriting to specific loan-file criteria to determine whether waiver or deviation from suggested guidelines may be appropriate.
- Exercise sound discretion in such a review to arrive at final decision or recommendation
- Utilize automated underwriting systems such as Desktop Underwriter and Loan Prospector to assist in the execution of the duties and responsibilities of the role
- May provide training and direction to team members to assure a clear understanding of compliance and lending guidelines, particularly with those intending to eventually serve in an Underwriter role
- Possess the authority to withdraw and decline loans. May develop and recommend modifications to underwriting and production procedures if the need exists or circumstances change
- Prompt and exhaustive communication (via phone, email or fax) with various parties throughout the process
- May respond to individual and investor audits
- Other duties as required

📌 QM Underwriter (Mumbai)
🏢 RECEX
📍 Mumbai