Applicant - Mortgage
On-siteKochi, Kerala, India
Job Summary
Review and underwrite residential mortgage loan applications across Conventional, Non-QM, and DSCR programs, analyzing borrower credit profiles, income, assets, and collateral to determine eligibility and risk exposure. Calculate Debt Service Coverage Ratios, evaluate alternative documentation loans, and ensure compliance with agency, investor, and federal lending guidelines including Fannie Mae, Freddie Mac, and TRID. Issue loan approvals, conditional approvals, suspensions, or denials based on established risk parameters while managing multiple files to meet service level agreements and production deadlines. Communicate underwriting requirements to loan officers, brokers, and processors, and support internal audits and quality control reviews. Maintain accurate records of decisions and documentation while staying current on regulatory changes and Non-QM product offerings.
Required Qualifications
- Bachelor's degree in Finance, Business Administration, Economics, or a related field preferred; equivalent industry experience may be considered.
- Minimum 2–5 years of mortgage underwriting experience, including Conventional and/or Non-QM loan products.
- Strong knowledge of Conventional underwriting guidelines, including Fannie Mae and Freddie Mac requirements.
- Thorough understanding of mortgage lending regulations and compliance requirements.
- Proficiency with Loan Origination Systems (LOS), Automated Underwriting Systems (AUS), including DU and LP, and electronic document management systems.
- Strong analytical, critical thinking, and decision-making skills.
- Ability to perform detailed income calculations, credit analysis, collateral review, and risk assessment.
- Good written and verbal communication skills.
- High attention to detail with strong organizational and time-management abilities.
- Ability to work independently and effectively manage a high-volume pipeline in a fast-paced environment.
- US Rotational Night Shifts
Desired Qualifications
- Experience underwriting Non-QM products, including DSCR and alternative documentation loans, preferred.
- Experience working with wholesale, correspondent, or retail mortgage lending channels.
- Familiarity with secondary market requirements and investor-specific guidelines.
- Knowledge of quality control, audit processes, and post-closing reviews
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