US mortgage income calculation

This role is for one of the Weekday's clients

Min Experience: 2 years

Location: Chennai

JobType: full-time

This role focuses on Due Diligence – Income Calculation within the residential mortgage lending process. The position plays a critical part in evaluating borrower eligibility by reviewing income, credit, and financial documentation to assess overall risk. Working in a fast-paced, deadline-driven environment, you will ensure that loan files meet internal lending standards as well as regulatory and compliance requirements.

The role requires strong analytical skills, attention to detail, and the ability to interpret complex financial data accurately. You will collaborate with underwriting, processing, and quality teams to support informed credit decisions while maintaining accuracy, consistency, and compliance. Flexibility to work night shifts is essential, as the role supports global mortgage operations.

Key Responsibilities

• Review and analyze residential mortgage loan applications to ensure completeness, accuracy, and compliance with underwriting guidelines
• Verify borrower income using tax returns, pay stubs, W-2s, bank statements, and other supporting financial documents
• Assess employment stability, credit history, debt obligations, and overall borrower risk profile
• Calculate and validate key financial ratios such as Debt-to-Income (DTI) and Loan-to-Value (LTV)
• Evaluate credit reports to determine borrower creditworthiness and identify potential risk indicators
• Review appraisal reports to confirm property valuation accuracy and alignment with loan requirements
• Ensure all loan files adhere to regulatory standards and internal policies before approval
• Identify discrepancies or missing information and coordinate resolutions within required timelines
• Accurately document findings and updates using mortgage processing systems and financial tools
• Maintain high productivity and quality standards while meeting tight turnaround times

What Makes You a Great Fit

• Bachelor’s degree in any discipline, with a strong foundation in finance, operations, or analytics
• 2–5 years of experience in mortgage processing, underwriting, or income calculation roles
• Solid understanding of mortgage industry regulations, underwriting guidelines, and compliance requirements
• Strong analytical and problem-solving skills with the ability to interpret financial statements and credit reports
• Exceptional attention to detail and accuracy when working with financial and borrower data
• Proficiency in mortgage processing software, financial systems, and Microsoft Office tools
• Strong communication and coordination skills to work effectively with cross-functional teams
• Ability to manage workload efficiently, prioritize tasks, and perform well under pressure
• Willingness to work night shifts in a full-time, operations-focused environment
• Mortgage underwriting or related certifications are an added advantage