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Mortgage Underwriter - Non IT Jobs

  3+ years
 Based on Experience

We have a leading client who is looking for Mortgage Underwriter for their organization. The candidate as Mortgage Underwriter is responsible for completing a thorough analysis of loan files to determine compliance with company, investor, and FHA/VA guidelines.

Position : Permanent
Location : Chennai
Salary : Based on Experience

Job Details:

Job Title: Mortgage Underwriter

Location: Chennai

Experience: 3+ years

Salary: Best in Industry

Education Qualification: Graduate

Mode of Interview:  Face to face HR Round


  1. Completes a thorough analysis of loan files to determine compliance with company, investor, and FHA/VA guidelines.
  2. Develop and maintain knowledge of multiple loan product guidelines for quick and accurate answers
  3. Accurately calculate the borrower’s income and debt-to-income ratios.
  4. Analyzes credit, income, tax returns, assets, and appraisals; determine the borrower’s creditworthiness and ability to repay the loan as agreed for the terms requested
    Mitigates bank risk by conducting a thorough and prudent review of each loan file; dispositions loans within bank-issued underwriting authority limit
  5. Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an “investment” quality loan product.
  6. Checks the accuracy of all calculations and data integrity. - Completion of all required underwriting worksheets
  7. Assists with the training of new underwriters. - Recommends the loan disposition to underwriting manager for loan amounts in excess of authority limitation.
  8. Maintains company standard for productivity level and complies with company policy of 48 hour underwriting turnaround time and 24 hour turnaround time for clearing conditions.
  9. Strives to meet 4 decisions/day within the allotted time - Communicates decision on loans to appropriate parties both verbally and in writing.
  10. Maintains underwriting activity logs and provides monthly underwriting report to underwriting manager.
  11. Available to processors and correspondents for general guideline interpretations and questions on specific loan files.
  12. Responds to post-closing reviews and audits in a timely fashion.
  13. Performs related duties, as directed by Underwriting or Operations Manager.

Required Knowledge

  1. Excellent Communication & Email Skills
  2. Basic mathematical knowledge; ability to add, subtract, divide and multiply.
  3. Knowledge of personal computers and applicable software. (Microsoft Office, Point, and Excel).

Experience Required

  • 3+ years’ experience as an Underwriter in a similar model including multi-state experience.
  • Experience with both refinance & purchase preferred.
  • Strong working knowledge of FNMA, FHLMC, and Government Loans guidelines.


  • Strong aptitude for detail, accuracy, and organization
  • Ability to prioritize and multi-task with ease
  • Excellent interpersonal, written, and verbal communication skills
  • Ability to work in a high-volume environment
  • 4 years of recent related mortgage experience
  • Encompass loan origination system experience