US Residential Mortgage - Pre Underwriting/ Pre approving/ QA

Job description

Key Responsibilities: (US Residential Mortgage exp is Mandatory)

Loan Application Review:

• Analyse and verify loan applications, ensuring all required documents are complete and accurate.
• Assess the borrower's credit history, employment, income, and debt levels.
• Confirm the property's value through appraisal reports.

Credit and Financial Analysis:

• Evaluate credit reports to determine the borrower's creditworthiness.
• Analyse financial statements, tax returns, pay stubs, and other income documentation.
• Calculate debt-to-income (DTI) ratios and loan-to-value (LTV) ratios.

Property Valuation Review:

• Review appraisals and alternative value products for conformity to client-specified requirements to assess the accuracy of the property valuation.

Compliance and Risk Assessment:

• Ensure loans comply with all federal, state, and local regulations.
• Adhere to company policies and guidelines.
• Identify potential risks and assess the overall risk level of the loan.
  

Essential skills and requirements:

• Any bachelors degree.
• Proven experience in mortgage processing or underwriting.
• Strong knowledge of mortgage industry regulations and procedures.
• Excellent analytical and problem-solving skills.
• Detail-oriented with exceptional organizational abilities.
• Proficiency in using mortgage processing software and financial tools.
• Effective communication and interpersonal skills.
• Ability to work efficiently under pressure and meet tight deadlines.
• Solid understanding of financial statements and credit reports.
• Certification in mortgage underwriting or related fields is a plus.