Mortgage Underwriter

Job Description

Summary/Objective As an Underwriter, you will complete a thorough analysis of loan files to determine credit worthiness, underwrite according to current guidelines from multiple investors, calculate complex income scenarios, respond to post closing reviews and audits, and assist in other areas as needed.What you will do: • Complete thorough and accurate analyses and prepare financial statement spreadsheets, determine the credit worthiness of the borrower, prepare a thorough written analysis of the loan request and financial condition of the borrower, assess a proper loan grade, identify exceptions to policy and guide the Credit Approval Document and Memorandum through the loan approval process.• Requires in depth knowledge of the mortgage rules and regulations, to include understanding the various Standard Operating Procedures manuals for Conventional, Jumbos, FHA and VA loans.• Working knowledge of Conventional, Jumbos, FHA and/or VA eligibility, structuring, and loan program parameters (and staying abreast of any changes in these programs).• Prepare spreadsheets of borrower(s) financial statements and tax returns, analyze such documents, provide commentary on financial performance, and work with all investors to ensure proper loan origination.• Research and analyze financial data, interpret and prepare reports of financial position with recommendations regarding credit worthiness of the borrower and accurate loan grade.• Train staff on various underwriting issues such as appraisals, credit reports, income calculations, credit guidelines. What were looking for: • Highly organized and able to prioritize• Good communication skills, both written and verbal• Detail oriented with strong data analysis skillsWork Environment: This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. The ability to sit for long periods of time is essential.Position Type and Expected Hours of Work: This is a full-time position, located in our Gurugram office. Days and hours of work are Monday through Friday, 12pm-9pm IST. Overtime may be required as needed.Education and Experience • Minimum of 3 years recent front-end FHA and/or VA Underwriting experience required• DE and /or LAPP certification highly preferred• Good working knowledge of FHA and/or VA loan underwriting and relevant legal regulations.Other Duties Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without noticeWhats in it for you • Competitive Salary• Full Benefits Package• PTO• Holiday Pay• Career Growth OpportunitiesAbout Entra Solutions (A BSI Financial Services Company) We foster a reputation for performance by delivering on expectations and doing whats right. We seek to improve by continually identifying and solving problems. We win with humility and were frugal so we can invest in our future. These core values drive our daily operations and decision-making, and our approach to transforming the U.S. real estate economy using people, processes, and technology.EEO Statement: We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status, or any other characteristic protected by law.