Analyst - Underwriting

Analyst - Underwriting

• Well versed with FNMA. FHLMC, knowledge of GNMA and investor guidelines is an additional benefit

• Should have good analytical and problem-solving skills

• Should have decision-making skill when applying in business judgment

• Evaluate complete loan documents and should provide approval or denial decision

• Complete review of credit report to verify trade lines, derogatory accounts, public records and credit reconciliation

• Thorough income calculation – Salaried income, business income, retired other income and rental income

• Complete review of Collateral and property valuation

• Assets verification include borrower’s bank account statement, retirement accounts, mutual funds and other investments.

• Credit analysis based on borrower’s Income, Asset, Liability and Collateral (4C of Underwriting) to determine the credit worthiness of a customer

• Validating and processing the Loan documents on behalf a Mortgage lender organization.

• Evaluating evidence of borrower’s willingness and ability to repay the obligation

• Good communication, Presentation skills, Self-motivated and hard working

• Minimum 3 years of Underwriting experience in US Mortgage.

• Sound knowledge of US Residential mortgage

• Exposure of Underwriting processes & guidelines.

• Excellent critical thinking, problem solving and sound judgment. Analysis and Calculation of qualifying income from Salaried various tax documents such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, etc.

• ️ Disclaimer: Firstsource follows a fair, transparent, and merit-based hiring process. We never ask for money at any stage. Beware of fraudulent offers and always verify through our official channels or @firstsource.com email addresses.