Job Category: Lending OperationsJob Description:POSITION SUMMARY: Senior Underwriter /Lead UnderwriterJOB FUNCTIONS AND RESPONSIBILITIES - To work on loan underwriting and complete the daily target or assignments.
- Have experience in US Mortgage Underwriting.
- Working on 4 C's (Credit, Capacity, Capital, and Collateral).
- Knowledge on Income Calculations (Wage, Self Employed and other incomes).
- Knowledge on Credit review (liability reconciliations and guideline requirements)
- Knowledge on Assets/Capital review with guideline requirements.
- Knowledge in LTV, CLTV calculations, PITI and DTI calculations.
- Knowledge in Fannie Mae and Freddie Mac guideline requirements.
- Knowledge in Govt. loans (FHA, VA and USDA)
- Knowledge on FHA/VA/USDA guideline requirements.
- Good communication skill.
EDUCATION / EXPERIENCE
- Any degree with US Mortgage Underwriting experience.
WORK SCHEDULE OR TRAVEL REQUIREMENTS
- Night shift and Hybrid Work (should be available for Work from Office based on the business requirements)
Ocwen Financial Corporation
