Altisource Looking For Senior Underwriting Analyst at Bengaluru, Karnataka, Full Time

Company Description

ARE YOU READY TO WORK AT ALTISOURCE?

• Are you a natural helper who loves working through people’s problems to find the best solution?
• Are you a quick learner who is self-motivated and able to work well independently as well as on a team?
• Are you interested in working on a new product where you can make an immediate impact?

If so, nice to meet you; we are Altisource! We are seeking energetic, highly skilled self-starters who thrive in a dynamic and fast-paced environment. We offer challenging work and great colleagues as well as career development opportunities.

We are looking for a Mortgage Loan Underwriter with a passion for the mortgage industry to develop and manage client relations the Altisource umbrella. This is a great time to join the team and be a part of a growing and stable organization.

Job Description

• Maintain a working knowledge of US Mortgage Originations, closing procedures, federal and state lending laws.
• Must have good working knowledge of all 4C’s of underwriting.
• Perform complete and in-depth review of mortgage loan files including income, assets, credit and collateral to determine the borrower’s credit worthiness and ability to repay. Experience in end-to-end underwriting of Conventional and FHA loans. Knowledge of other government products VA and USDA will be an added advantage.
• Must have strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP). Must be able to review Manual UW files
• Sound knowledge of Fannie Mae, Freddie Mac and HUD Guidelines.
• Interpret state rules, statute laws, federal regulations & investor guidelines and apply them to specific loans.
• Review loan file for compliance with all regulatory and client’s guidelines/overlays
• Calculate and analyze LTV/CLTV/HCLTV/DTI/HTI, check all other information relevant to the credit decision process on each mortgage application.
• Calculate all types of income (Wage earner/self-employment/Other income etc.).
• Good decision maker in identifying all types of red flags and Approving or Denying the file accordingly
• Analyze the risk involved in approving a loan to determine whether it is acceptable to the lender
• Working knowledge of various fraud tools.
• Cite conditions for the missing documents in an effective manner.
• Audit the file from a closing & compliance standpoint on daily basis and note any exceptions.
• Experience in Non-QM loans is an added advantage.

Experience

• 4+ years of live Mortgage Underwriting experience
• Ability to obtain and decipher AUS findings (DU and LP)
• Experience in full origination mortgage processing, loan set up, loan documentation, closing, title, quality assurance, compliance, underwriting
• Strong verbal and written communication skills