Post ClosingUnderwriting

Job Description: Post Closing/Underwriting

Position Overview: A Post closer/underwriter is a financial professional who evaluates the risk involved in loan mortgage insurance or securities applications with a focus on the 4 C’s involves evaluating loan applications based on four key criteria: Credit Capacity Collateral and Capital.

Key Responsibilities:

Responsibilities:

1. Credit Analysis:
   • Review applicants’ credit histories including credit scores payment histories and outstanding debts.
   • Assess creditworthiness and identify potential risks.
2. Capacity Evaluation:
   • Analyse borrowers’ income and employment history.
   • Calculate debt-to-income ratios to determine repayment ability.
   • Evaluate stability and consistency of income sources.
3. Collateral Assessment:
   • Appraise the value of the property or asset being used as collateral.
   • Ensure the collateral meets the lender’s standards and covers the loan amount.
4. Capital Verification:
   • Verify the borrower’s assets and savings.
   • Assess the availability of funds for down payments and reserves.
5. Decision Making:
   • Approve or deny loan applications based on comprehensive risk assessments.
   • Recommend loan terms and conditions.
6. Documentation and Reporting:
   • Maintain detailed records of all evaluations and decisions.
   • Prepare reports summarizing findings and recommendations.

Required Skills and Qualifications:

• • Bachelor’s degree in finance Accounting Business Administration and Mathematics or Statistics
  • Minimum 3 years of strong knowledge in US Mortgage Underwriting/Origination
  • Should have good knowledge in reviewing the mortgage Documents in depth
  • Should have strong verbal and written communications.
  • Ability to multitask take new responsibilities and prioritize work in a deadline intensive environment.
  • Ability to work in a deadline driven fast paced high production environment.

Work Environment:

• • This job requires office-based work.
  • Depending on the workload or during periods of increased inflow overtime may be necessary on a daily or weekend basis.

Overall underwriters work in a structured and detail-oriented environment with a focus on risk assessment and decision-making