Associate / Senior Associate (Underwriting)

Sutherland

  • Navi Mumbai, Maharashtra
  • Permanent
  • Full-time
  • 10 days ago
Sutherland is a digital transformation company focused on delivering exceptional experiences for both customers and employees. For over 37 years, we have been entrusted with caring for our clients’ customers - a responsibility we believe we should earn every day. We are dedicated to making those experiences as delightful as possible - instantaneous, relevant, predictive and frictionless. As an early pioneer in robotic automation, we added to our core through steady investment and acquiring key capabilities. Our design capabilities marry human insight, design-thinking, and process engineering. To make these designs come to life as envisioned by our designers, we employ the latest in robotic automation, conversational AI techniques with a range of AI-ML enhanced products and cloud-based platforms.We believe that the best relationships come from trust and value. We call it One Sutherland.Job Description:We are seeking a skilled and detail-oriented Loan Underwriter to join our lending team specializing in manufactured housing chattel loans. As an Underwriter, they will play a pivotal role in evaluating loan applications and assessing the creditworthiness of borrowers seeking financing for manufactured homes. Their expertise in analyzing financial documents, assessing risk, and ensuring regulatory compliance.Desired Mentality:
1.) Passionate about improving consumer outcomes and addressing the affordable housing crisis.
2.) A critical thinker with a collaborative mindset, committed to excellence and innovation in lending.Responsibilities:
  • Review loan applications and supporting documentation for manufactured housing loans, including income verification, credit reports, and property valuations.
  • Assess the creditworthiness of borrowers by analyzing financial statements, tax returns, employment history, and other relevant information.
  • Evaluate debt-to-income ratios and other key financial indicators to determine loan feasibility.
  • Ensure compliance with lending regulations, internal policies, and underwriting guidelines.
  • Collaborate with loan officers, processors, and other team members to gather necessary information and address any application deficiencies or documentation gaps.
  • Conduct thorough risk assessments to identify potential red flags or fraudulent activities.
  • Prepare loan underwriting summaries, including recommended loan structures, risk mitigation strategies, and rationales for decision-making.
  • Communicate lending decisions and provide clear explanations to loan officers, processors, and other stakeholders.
  • Stay updated on industry best practices, regulatory changes, and market trends related to manufactured housing financing.
Qualifications:
  • Proven experience as a Loan Underwriter or in a similar role, with expertise in manufactured housing loans preferred.
  • Deep understanding of underwriting guidelines, lending regulations, and compliance requirements specific to manufactured housing.
  • Proficiency in analyzing financial documents, including credit reports, tax returns, and income statements.
  • Familiarity with loan origination systems, mortgage underwriting software, and document management tools.
  • Meticulous attention to detail and the ability to accurately review and interpret complex loan documents.
  • Strong analytical skills for evaluating creditworthiness and risk.
  • Excellent verbal and written communication skills for clear decision-making explanations and stakeholder interactions.
  • Ability to work independently, manage priorities effectively, and meet deadlines in a fast-paced environment.
  • High ethical standards with a commitment to confidentiality and data privacy.
Additional Information:Basic technical skillsAbility to use the computer system. - Booting and shutting down
Basic level familiarity of Operating System (Windows / XP)
Usage of MS Office suite (MS Outlook)
Knowledge of browsers (MS Edge, Google Chrome)Soft SkillsTyping skills of 25 words per minute with an accuracy of 80%
Comprehension – Ability to clearly understand the problem
Analytical & Numerical Ability – Basic mathematics skills and ability to calculate, ability to analyze problem statements/ documentsTools Knowledge
  • Experience in industry renowned LOS.
  • Fraudguard
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Sutherland