Thanks for watching my videos! It's great that you're exploring content in a new domain. While watching these videos is a good start, transitioning to a new domain often requires additional steps like gaining hands-on experience, networking with professionals in the field.Keep learning and stay curious! If you have any specific questions or need further guidance, feel free to ask. Good luck with your transition!"
The document requirements vary based on the role of the individual in the transaction. If the person is identified as a co-borrower, we will need to review and update all relevant documents in the Loan Origination System (LOS). However, if the individual is a non-borrowing party and is only being added to the title, there is no necessity to request and process all the documents.
Certainly! Entering the underwriting field as a fresher is achievable with the right approach. While prior experience can be beneficial, many employers also value qualities such as analytical skills, attention to detail, and a willingness to learn. Having a background in commerce or an MBA in finance could significantly enhance your prospects of being hired directly into an underwriting process as a trainee underwriter. Networking and showcasing your enthusiasm for the field can also help you land your first job in underwriting. Good luck with your endeavors!
Based on my understanding, live underwriting involves assessing a loan for approval during its origination phase, primarily focusing on creditworthiness by reviewing credit, income, and assets. On the other hand, core underwriting encompasses a comprehensive evaluation of the entire loan file for approval, considering credit, income, assets, and appraisal adherence to investor guidelines. Once approved through core underwriting, the file is forwarded to the closing stage.
Sir I used to work in Collateral underwriting team and I used to check both Note and Deed of trust unlike you said only one doc will be there in the file...
I understand that both the Note and the Deed of Trust are indeed legal documents,. Just to clarify my statement, typically in a mortgage or deed of trust scenario, you'll have one of these documents representing the loan agreement. However, it's great to know that regardless of which document is present, the Note remains a constant. Your thoroughness in checking both documents ensures the compliance and accuracy in collateral underwriting. Thank you for your diligence in this matter!!
Hello sir I’m working as a business loan underwriter currently. Can I switch to mortgage underwriting and will I be get placed? What kind of interview questions I’ll be asked?.
Yes, you can switch. To increase your chances focus on highlighting relevant skills such as attention to detail, financial analysis, and risk assessment. In the interview for a mortgage underwriting position, you might be asked about your understanding of mortgage regulations, ability to assess creditworthiness, and experience with property valuation. Be prepared to discuss specific examples from your current role that demonstrate your transferable skills.
Hi sir... I have 4.5 years of experience in preunderwriting. But there are more chances outside for end to end underwritering. I wanted to get into underwriter role. But i didn't have that experience... Can you please me to find out an opportunity in underwriter role... I used to watch your videos and gained some knowledge i don't know whether that will be sufficient for the interview process
Hi there! Transitioning from pre-underwriting to end-to-end underwriting sounds like a natural progression given your experience. First off, it's fantastic that you've been gaining knowledge from watching videos - every bit of learning counts!. Focus on highlighting your transferable skills like attention to detail and risk assessment in your resume and cover letter. Consider getting additional training or certification to strengthen your qualifications. Network with professionals in the field and prepare thoroughly for interviews. Persistence and dedication will help you land that underwriter role. Best of luck!
Hi, yes, you are eligible, even if you don't have direct experience in that specific role. Your extensive experience in US mortgage gives you a solid foundation to build upon. Highlight your 10 years of experience in US mortgage, emphasizing your familiarity with various types of documents and processes involved. To bridge the gap, focus on acquiring experience in underwriting calculations and logical reasoning. Seek out resources, online courses, or workshops that cover these areas. Approach a friend or colleague within your company who has underwriting experience and ask for some buddy-up training sessions. Articulate your understanding of mortgage processes. Be prepared to provide reasonable answers to interview questions, demonstrating your willingness to learn and grow in the underwriting position could increase your chances. Showcase your existing expertise and proactively seeking opportunities to enhance your skills, you can position yourself as a strong candidate for an underwriter role.
Hi sir i have total 8 uears of experience as title examiner, can i switch my career to mortgage underwriter, is there any possibilities, Pls help me sir
In my opinion, underwriting is a sophisticated process. To reach that level of expertise, I recommend starting with other mortgage processes such as loan setup, closing, or pre-underwriting. Once you grasp the documents involved in these processes, transitioning to learning underwriting becomes more manageable, and you can make the switch with confidence.
Hi! With your extensive experience in mortgage and property tax, you're already ahead of the curve. Feel free to reach out, and we can discuss how to best assist you in making this career shift!
Nice Training
Thanks
Now I'm starting to watching ur all under writing video. Will it help me to switch the domain?Please suggest to me, sir.
Thanks for watching my videos! It's great that you're exploring content in a new domain. While watching these videos is a good start, transitioning to a new domain often requires additional steps like gaining hands-on experience, networking with professionals in the field.Keep learning and stay curious! If you have any specific questions or need further guidance, feel free to ask. Good luck with your transition!"
@@leosudesh thanks a lot sir
Hi sir do we need to check all the required documnets from the co borrower who added in the grant deed
The document requirements vary based on the role of the individual in the transaction. If the person is identified as a co-borrower, we will need to review and update all relevant documents in the Loan Origination System (LOS). However, if the individual is a non-borrowing party and is only being added to the title, there is no necessity to request and process all the documents.
Hi sir, i am planing to learn underwriting course can i get job has a fresher
Certainly! Entering the underwriting field as a fresher is achievable with the right approach. While prior experience can be beneficial, many employers also value qualities such as analytical skills, attention to detail, and a willingness to learn. Having a background in commerce or an MBA in finance could significantly enhance your prospects of being hired directly into an underwriting process as a trainee underwriter. Networking and showcasing your enthusiasm for the field can also help you land your first job in underwriting. Good luck with your endeavors!
Hi Sir, Can you please advise where we can see MIN number and the purpose of this
Min number you can find closed docs like mortgage and note, however of file could be easily located on the loan application (1003)
Hi Sir, what is the exact difference between Core underwriting and Live underwriting?
Based on my understanding, live underwriting involves assessing a loan for approval during its origination phase, primarily focusing on creditworthiness by reviewing credit, income, and assets. On the other hand, core underwriting encompasses a comprehensive evaluation of the entire loan file for approval, considering credit, income, assets, and appraisal adherence to investor guidelines. Once approved through core underwriting, the file is forwarded to the closing stage.
@@leosudesh oh thank you sir for the explanation ❤️
Sir I used to work in Collateral underwriting team and I used to check both Note and Deed of trust unlike you said only one doc will be there in the file...
I understand that both the Note and the Deed of Trust are indeed legal documents,. Just to clarify my statement, typically in a mortgage or deed of trust scenario, you'll have one of these documents representing the loan agreement. However, it's great to know that regardless of which document is present, the Note remains a constant. Your thoroughness in checking both documents ensures the compliance and accuracy in collateral underwriting. Thank you for your diligence in this matter!!
Hello sir
I’m working as a business loan underwriter currently. Can I switch to mortgage underwriting and will I be get placed? What kind of interview questions I’ll be asked?.
Yes, you can switch. To increase your chances focus on highlighting relevant skills such as attention to detail, financial analysis, and risk assessment. In the interview for a mortgage underwriting position, you might be asked about your understanding of mortgage regulations, ability to assess creditworthiness, and experience with property valuation. Be prepared to discuss specific examples from your current role that demonstrate your transferable skills.
Hi Sir
How to join underwriting training session?????
Hi, please free free to call to discuss the trainng detail.
You have any us underwriter course please let me know
Plz visit www.underwritinglogics.com
Hi sir... I have 4.5 years of experience in preunderwriting. But there are more chances outside for end to end underwritering. I wanted to get into underwriter role. But i didn't have that experience... Can you please me to find out an opportunity in underwriter role... I used to watch your videos and gained some knowledge i don't know whether that will be sufficient for the interview process
Hi there! Transitioning from pre-underwriting to end-to-end underwriting sounds like a natural progression given your experience. First off, it's fantastic that you've been gaining knowledge from watching videos - every bit of learning counts!. Focus on highlighting your transferable skills like attention to detail and risk assessment in your resume and cover letter. Consider getting additional training or certification to strengthen your qualifications. Network with professionals in the field and prepare thoroughly for interviews. Persistence and dedication will help you land that underwriter role. Best of luck!
Hi sir ...i have 10year experience in us mortgage but dont have experience as an underwriter am i eligible to apply for underwriter job
Hi, yes, you are eligible, even if you don't have direct experience in that specific role. Your extensive experience in US mortgage gives you a solid foundation to build upon.
Highlight your 10 years of experience in US mortgage, emphasizing your familiarity with various types of documents and processes involved. To bridge the gap, focus on acquiring experience in underwriting calculations and logical reasoning. Seek out resources, online courses, or workshops that cover these areas.
Approach a friend or colleague within your company who has underwriting experience and ask for some buddy-up training sessions.
Articulate your understanding of mortgage processes. Be prepared to provide reasonable answers to interview questions, demonstrating your willingness to learn and grow in the underwriting position could increase your chances.
Showcase your existing expertise and proactively seeking opportunities to enhance your skills, you can position yourself as a strong candidate for an underwriter role.
Hello Sir, I need your help for underwriting resume as I am trying to get job in same position.
Sure, you can share your resume at leo.sudesh@gmail.com, will try to update it accordingly.
Hi sir i have total 8 uears of experience as title examiner, can i switch my career to mortgage underwriter, is there any possibilities,
Pls help me sir
In my opinion, underwriting is a sophisticated process. To reach that level of expertise, I recommend starting with other mortgage processes such as loan setup, closing, or pre-underwriting. Once you grasp the documents involved in these processes, transitioning to learning underwriting becomes more manageable, and you can make the switch with confidence.
hi sir i have 10 years of mortgage property tax experience, can u please train me under writing? Ill ready to pay for course.
Hi! With your extensive experience in mortgage and property tax, you're already ahead of the curve. Feel free to reach out, and we can discuss how to best assist you in making this career shift!
@@leosudesh thank u for response sir🙏