Residential Mortgage Underwriter
Tata Consultancy Services, Cincinnati, OH, United States
The Mortgage Underwriter is responsible for rendering credit decisions on incoming applications consistent with underwriting policies, underwriting mortgage commitments, and verifying supporting documentation as submitted by applicants.
Analyze income & employment, credit strength, property appraisal, check over debt to income (DTI) and Loan to Value (LTV) and all other information pertinent to the credit decision process on each mortgage application, as presented by the applicant.
Underwriter to validate that a prospective mortgagor’s loan application adheres to the lenders, Investors (Freddie or Fannie Mae’s) and guidelines of applicable government agencies to approve the loan.
Analyzing the risk involved in approving a loan to determine whether or not it is acceptable to the lender.
Put conditions for missing documents required to approve the loan.
Verify accuracy of supporting employment documents, source of down payment/reserves, appraisal value and property title commitment received.
Review of legal documents, if present, to ensure the accuracy & completeness.
Identify the mortgage insurance requirement (MI) and follow the MI guidelines, if applicable.
Additional responsibilities for the Mortgage Underwriter include
Maintaining service level standards
Assisting in new-hire trainings
Perform internal Quality check, providing floor support and feedback to other staff
Responding to all emails efficiently
Adhering to all underwriting deadlines
Knowledge/Experience
Minimum 12‑24 years of conventional mortgage underwriting experience
Knowledge of full loan cycle processing (from beginning to end)
Strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP)
Strong communication skills, verbal and written
Strong analytical skills
Demonstrated ability to resolve complicated issues as they arise
Proven organizational skills and demonstrated ability to prioritize and multi‑task
Skills: Able to work through multiple computer programs and multi‑computer monitors.
Flexible (Willingness to work in night shift)
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Analyze income & employment, credit strength, property appraisal, check over debt to income (DTI) and Loan to Value (LTV) and all other information pertinent to the credit decision process on each mortgage application, as presented by the applicant.
Underwriter to validate that a prospective mortgagor’s loan application adheres to the lenders, Investors (Freddie or Fannie Mae’s) and guidelines of applicable government agencies to approve the loan.
Analyzing the risk involved in approving a loan to determine whether or not it is acceptable to the lender.
Put conditions for missing documents required to approve the loan.
Verify accuracy of supporting employment documents, source of down payment/reserves, appraisal value and property title commitment received.
Review of legal documents, if present, to ensure the accuracy & completeness.
Identify the mortgage insurance requirement (MI) and follow the MI guidelines, if applicable.
Additional responsibilities for the Mortgage Underwriter include
Maintaining service level standards
Assisting in new-hire trainings
Perform internal Quality check, providing floor support and feedback to other staff
Responding to all emails efficiently
Adhering to all underwriting deadlines
Knowledge/Experience
Minimum 12‑24 years of conventional mortgage underwriting experience
Knowledge of full loan cycle processing (from beginning to end)
Strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP)
Strong communication skills, verbal and written
Strong analytical skills
Demonstrated ability to resolve complicated issues as they arise
Proven organizational skills and demonstrated ability to prioritize and multi‑task
Skills: Able to work through multiple computer programs and multi‑computer monitors.
Flexible (Willingness to work in night shift)
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