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Mortgage Underwriter

Job Description / Desired Profile:

  • Organization Unit: Quatrro Mortgage Solutions
  • Division: Mortgage Loan Underwriting
  • Location: Thane
  • Band: 1A/1B
  • Reporting Structure: Assistant Manager Operations
  • About Quatrro Mortgage:
    • Quatrro provides Mortgage Servicers & Lenders, Financial Institutions and Law Firms with back office processing services, giving our clients the power to focus on their core business and significantly lower their processing costs. Quattro’s end-to-end solutions include Loan Processing, Underwriting, Closing, Funding, Shipping, Quality Control, Accounting.

      These services support Mortgage Lenders & Financial Institutions with tailor-made solutions across the loan lifecycle with improved turnaround times and higher cost effectiveness by utilizing a global delivery model. For more information, please reach out to us at www.quatrromortgage.com
  • Principle Responsibilities:
    • Complete review of the Borrower profile including credit, income, assets, collateral, compliance, employment and other lending risks such as interested party involvements
    • Complete review of data consistency across the entire loan package to match system, AUS (DU/LP), Fraud Guard Reports or any other reports used to compliance or fraud checks
    • Complete review of collateral including in depth analysis of appraisal reports, title commitment, fraud risk checks, insurances documents and sales contract
    • Interpret credit policy guidelines and investor guidelines (all FNMA, FHLMC, FHA, VA & USDA) and apply them to specific loans for effective sale in the secondary market
    • Maintain a working knowledge of all current underwriting guidelines, federal and state lending laws and has the ability to comprehensively explain all to others while processing the mortgage loan files
    • Perform required analysis of Assets, Income and Credit to ensure borrower profile, transaction and properties meet the company’s lending criteria
    • Stringently look for the Loan to Value (LTV), Debt to Income ratio (DTI) and Housing to Income ratio (HTI) ratios components in the mortgage loan files
    • Effectively and quickly communicate any areas of concern with a loan file to mentors/supervisors
    • Responsible for Credit and Income documenting all decisions to ensure each underwritten file meets the company’s credit quality criteria and individual loan product guideline
    • Maintain compliance with all company policies and procedures – follow the standard income and assets calculator, fill the required tools and correctly documents the findings
    • Demonstrate excellent customer service and professionalism.
    • Should have very good writing skills with proper grammar and able to summarize requirements in short but clear format.
    • Determining, documenting underwriting conditions, communicating requirements and decisions.
  • Other Responsibilities:
    • Meeting goals as per the defined key result areas
    • Maintaining a track of daily processed transactions and reporting on a timely and accurate manner to Process Supervisor / Team lead
    • To be abreast with all process updates on a timely manner
    • Appearing and qualifying all periodic process assessments with defined benchmark scores
    • Achieving daily productivity and quality targets
    • Adherence to process SLA’s (ensure loan delivery SLA -Service level agreement is not missed)
  • Information security related roles responsibilities:
    • Strictly adhere to the process and floor info Sec policies  at all times
    • Implement and act in accordance with the organization’s information security policy
    • Protect assets from unauthorized access, disclosure, modification destruction or interference
    • Execute particular security processes or activities as may be assigned by the superior
    • Be accountable and responsible for actions taken
    • Report breach of security events or other security risks to the organization
  • Eligibility Criteria:
    • Previous US Mortgage underwriting experience is must
    • Should have good working knowledge of all 4 C of underwriting
    • Graduate and or Post Graduate
    •  Typing speed of > 21 words per minute
    • Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences
    • Ability to analyze and comprehend multiple documents
  • Behavioral Skills:
    • Meticulous Approach
    • Industrious and diligent
    • Poses work ethics and deliver results without need for being monitored
    • Positive attitude and strong work ethics
    • Ability to manage multiple tasks/projects and deadlines simultaneously
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