Sr. Associate Account Management at Sutherland — India

About The Role

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.