Job Title : Senior Underwriter (Residential) Work from Office
Work Hours : US Timings – Night Shift (EST)
Cab Facility : Pick and Drop provided
Locations : Pune, Mumbai, Bangalore, Chennai, Hyderabad, Gurugram
Position Overview :
Shared Services function leverages the ‘shared’ delivery model to provide operations delivery to Business Units across the organization. The goal of the Shared Services division is to provide central operations solutions to Business Units across the Commercial and Residential Mortgages vertical.
The Due Diligence underwriting team provides solutions for various service offerings under a single platform (seasoned compliance, credit, credit & compliance, title, collection comments, pay history, data, forensic, consumer, etc.). However, generally, activities will include :
- The identification of the proper documentation for data capture
- The capture of such information in the system
- Running embedded rules and logic against such information
- Clearing validations and / or applying exceptions that may be appropriate for the item in question
Duties and Responsibilities :
Review and verify loan applications and support documentationAnalyse loan risk and request additional information as necessaryEnsure compliance with regulatory standardsEnsure compliance with company policies and guidelinesDetermine and document loan conditions, communicate requirements, and / or decisionsIdentify portfolio risks resulting from the client's underlying business practicesDocument and effectively communicate reasons for the approval / rejection of loansSuch other activities as may be assigned by your managerSkill Sets Required :
Demonstrated understanding of mortgage guidelines and policies for VA, FHA, FNMA, FHLMC & USDAAnalysis and Calculation of qualifying income from various tax documents such as 1040s, Schedule E, 1065, 1120, 1120S, K1, transcripts, etc.Analysis of Credit Reports and Bank StatementsExperience with both AUS and manual underwriting methods including DU and LPWorking knowledge of running and reviewing third party loan-level Fraud Reports (Fraud Guard, Fraud Manager or DRIVE) would be preferredExperience of working on non-QM loans (Jumbo and Bank Statement Programs) in addition to AUS loans would be preferredWorking knowledge of industry recognized LOS such as Encompass, BytePro, Calyx, Empower or Lending QBQualifications / Requirements :
5+ years of recent US Mortgage underwriting front-line experienceCompliance review / Disclosures Preparation / Closing / Doc Preparation and / or due diligence (post-close) experience in the residential mortgage industryKnowledge and familiarity with current mortgage policies / procedures, compliance laws and regulations—including TRID—and understanding of mortgage regulatory changesHigh producer with attention to qualityStrong commitment to customer service and satisfactionExcellent time management skillsAbility to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practicesDetail oriented, with superior verbal and written communication skillsStrong PC skills, with demonstrated proficiency with Microsoft OfficeMust be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer serviceDemonstrate professional behaviour including :Positive attitudePunctualityDependabilityUnderstanding and adherence to company policies and proceduresSpecial Requirements :
This is a work from office role and will require the person to work in the US hours (India Night Shift)