Underwriting - US Mortgage Loan Underwriting
- Personal Network
- 2 to 7 Yrs
- Chennai
- 3 months ago
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Job Description
Greetings from Personal Networks
About Company :
An MNC is a global management consulting, technology services and outsourcing company, with more than 249,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the worlds most successful companies.
Call Anagha hidden_mobile / hidden_mobile for more details.
Designation :- Underwriting QA / QC - Loan Underwriting US Region / Team Lead - Underwriting
Job Location :- Chennai / Pune ( Open to Relocate to these Cities )
Qualifications :- Any Graduate / BE / B tech / MCA / Msc
Years of Experience :- 1 YR - 9 yrs
Salary offered : 3 Lacs - 12 Lacs
WORK FROM HOME after the training
Requirements:
Minimum 2+ years current mortgage loan underwriting experience
oStrong knowledge of income calculations, tax returns, reading credit reports, identifying red flags
oKnowledge of appraisal and title, and ability to recognize red flags and ineligible properties
Strong analytic, interpersonal, and verbal and written communication skills
Detail-oriented with strong ability to time manage
Ability to work in a flexible and production-oriented environment
Must be able to work in a high stress environment while delivering a high-level of customer service
Must be willing and able to work as part of a team
Strong capability to work in multiple systems - paperless environment
Must be willing to work in strict security environment
Ability to obtain NMLS-MLO Licenses preferred
Candidates must be available to work outside of normal business hours when necessary
Quality Control Analyst U/W QC
Position Overview:
Perform in-line quality control reviews of mortgage loan files for adherence to specific lender guidelines with an emphasis on buy-pre and post-closing audits, compliance, and other client required quality service levels. Reviews include identifying potential fraud and/or misrepresentation, processing / underwriting deficiencies, compliance violations, and/or applicable scope specific opportunities. Partner with clients quality departments and Digital Risks internal Corporate QA to align, calibrate and respond to quality plans and findings. Work within a corporate structure, as well as within the client-level management team to ensure alignment of company and client quality standards.
Essential Job Functions:
Review and provide Quality Control feedback on loan file reviews completed by internal staff
Review applications for completeness prior to final underwriting approval , Review at ICD, Review Checklist prior to submission to Closing, Review Needs List, Review Documentation, Cite Findings for Missing Documentation, Review Doc Expiration Dates, Cite Findings for Expired Documentation, Review Income Calculations, Cite Findings for Income Errors, Confirm loan product is in compliance with program guidelines and borrower eligibility
Review employment documentation and re-calculate income documentation
Reviews loan files submitted by U/W for borrowers to ensure file meets loan program requirements. Includes analysis of: loan application, credit profile/report(s), debt and assets, income/financial statements, loan values/loan-to-value ratios, appraisal reports, collateral and supporting documentation
Review credit report and re-calculate liabilities
Review title commitments, hazard and flood insurance
Perform Appraisal Reviews for completeness and compliance with program guidelines
Assist leadership team as needed
Requirements:
Most currently be a U/W QC and should have demonstrated excellent quality.
Must have demonstrable, relevant skills and experience in quality control support and practices in the mortgage loan industry
Demonstrate impeccable written and verbal communication skills
Excellent time management skills with an emphasis on quality
Should have knowledge in the policies, principles and practices of mortgage loan processing, and underwriting
If interested call Ms. Anagha hidden_mobile / hidden_mobile for more details.
Email your updated resume to hidden_email
Employement Category:
Employement Type: Full timeIndustry: BFSI
Role Category: Risk / Underwriting
Functional Area: Not Specified
Role/Responsibilies: Underwriting - US Mortgage Loan Underwriting
Contact Details:
Company: Personal NetworkLocation(s): Chennai
Keyskills: us mortgage credit analysis underwriting team lead
Personal Network
Nine years in the recruitment business, we have consistently maintained the highest standards, meeting our clients' requirements to their complete satisfaction. Over the years, we have gained an intimate understanding of the IT milieu and the unique demands it makes on its people. Our venture into...
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