Sr. Associate Account Management at Sutherland in Mumbai, MH

Job description

Key Responsibilities Review 1003/URLA and supporting loan documents. Analyze income, employment, assets, liabilities, credit and REO. Review Non-QM / DSCR loan scenarios. Validate bank statements, large deposits and source of funds. Review appraisal, property, occupancy and LTV/CLTV. Identify discrepancies across 1003, credit and supporting documents. Make independent underwriting decisions based on applicable guidelines.   SCOPE OF WORK FOR LIVE UNDERWRITER ROLE • Loan Application Review & Credit Assessment: Review and analyze loan applications and supporting documentation including income, credit reports, employment history, and property details. Assess borrower creditworthiness using the 4 C’s methodology (Character, Capacity, Capital, Collateral) to ensure sound lending decisions. • Income Calculation & Financial Analysis: Evaluate and calculate borrower income from various sources including salaried, hourly, commission, bonus, rental, and self-employment income. Analyze documents such as paystubs, W-2s, tax returns, and business financials (Schedule C, K-1, 1065, 1120S) to determine qualifying income accurately. • Collateral & Property Evaluation: Review appraisal reports, AVMs, and residential valuation documents to validate property value and ensure compliance with lending guidelines. Analyze title reports, lien positions, and ownership details. • Underwriting Decision & Documentation: Prepare detailed underwriting summaries, identify red flags, and document conditions and stipulations within the Loan Origination System (LOS), preferably Encompass. Recommend appropriate loan structures based on risk assessment. • Workflow Management & Communication: Collaborate with processors and internal stakeholders throughout the underwriting lifecycle. Provide clear communication on loan decisions, required conditions, and final clear-to-close (CTC) status. • Risk Identification & Compliance: Identify discrepancies, inconsistencies, and potential risks in loan files. Ensure all underwriting decisions comply with internal policies and regulatory requirements. • Reporting & Reconciliation: Handle reconciliation of complex borrower accounts and prepare daily aging and pipeline reports to track loan progress and turnaround times. • System Utilization & Process Adherence: Utilize LOS platforms (Encompass preferred) and adhere to underwriting workflows, ensuring accuracy, efficiency, and compliance with company standards. Mandatory Skills US Residential Mortgage Live Underwriting experience - 2 years and above Strong knowledge of 1003/URLA documentation Experience with DU/AUS Strong income, credit, asset and liability analysis Non-QM / DSCR experience preferred HSC or Graduate passouts can apply for the job JOB DETAILS Company: Sutherland Mortgage Services Location: Navi Mumbai (Work From Office) Experience: 2–3 Years (Live Underwriting Mandatory) Shift: US Shift (Any 9 Hours of shift) Week Offs: 2 Week offs Employment Type: Full-Time Mediclaim and Insurance benefits along with travel allowance.