Job Title: Underwriting Analyst
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.
- Experience in end-to-end underwriting of Conventional loans.
- Must have strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP).
- Sound knowledge of Fannie Mae & Freddie Mac 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
- Analyze income & employment, credit strength, capacity to repay, property appraisal, title report; 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
- 2+ 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, or assisting with conventional first mortgage loan products
- Good verbal and written communication skills
WORKING AT ALTISOURCE ADVANTAGES
Prosperity
- Competitive salary based on your experience and skills – we believe the top talent deserves the top rupee
Good Health
- Comprehensive insurance plans ;- Medical insurance for employees and family, Personal Accident Benefit and Life Insurance for employees
- Wellness Programs – Onsite doctor support, Psychologist, Counselor, Onsite health checkup camps etc.
Happiness
- 10 paid holidays, plus 26 paid days off per year
- Lots of employee engagement activities both offsite (examples include cricket/football games and annual company celebrations) and onsite (examples include office stress buster events and quarterly Living our Values celebrations)
- Opportunities to join our community service initiatives, including Habitat for Humanity
OUR CORE VALUES
For our employees, customers, and shareholders, we commit to…
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Act With Integrity – exhibit unwavering integrity, compliance and ethical conduct at all times
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Energize People – enable exceptional people to energize their teams and drive results
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Empower Innovation – reward the relentless creation of innovative and compliant solutions to achieve our mission and generate value for our customers
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Exceed Customer Expectations – execute world-class solutions to deliver value and delight our customers
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Win as a Team – embrace the passion, energy and power of our global teams to win as “One-Altisource”
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Enrich Communities – create positive impacts for the communities where we live and serve
Are you up to the challenge? What are you waiting for? Apply today!
