The Conventional Underwriter reviews, conditions and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.
Essential Job Functions:
- Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
- Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor and the company.
- Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis | Risk Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios
- Review Initial application - Verify loan, property, borrowers information with other available documents - Verify borrower's monthly income and expenses - Verify other relevant sections.
- Review all the documents related to borrowers Credit, Capacity, Collateral and Capital.
- Calculate asset required for closing and reserve purpose for the transaction (as per guideline)




- Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
- Provides final approval underwriting of mortgage loans.
- Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.
- Sign off conditions in a timely manner set by management.
- Work with staff and management to find solutions on escalated loans.
- May be requested to make recommendations for improving Internal Audits policies and practices.
- Manage loans by using all functions of Encompass.
- Effectively communicate underwriting decisions with processors and advisors
- Maintain high level of customer service and communication with other departments.
- Other duties as assigned

Qualifications:
- Degree or Equivalent
- Minimum 3 years of experience in conventional/govt end to end underwriting.
- Well-versed with all 4

📌 Mortgage Underwriter (Mumbai)
🏢 VARITE
📍 Mumbai