Mortgage Underwriting - Mumbai, India - 2coms

Description

Job Description
Job Description


Job Type:
Full Time

Job Summary:
Responsible for performing post close audits ensuring 100% adherence to investor
and agency / non-agency guidelines


Job Responsibilities:
∙Analyse loan files, including Borrower creditworthiness and ability to repay, red flag alerts,
collateral valuation and worthiness, occupancy and employment verifications, title policies,
and property insurance
∙Examine and analyse assets, liabilities, income, and debt information related to applicants,
which was used to make credit decision
∙Ensure all debts in credit report are considered for calculating DTI and is compliant with client,
Reverse Mortgage & FHA guidelinesv
∙Ensure Financial Assessment requirements are met as per Client, Reverse Mortgage & FHA
guidelines
∙Evaluate and review appraisal reports and collateral issues related to real estate in order to
determine whether it may properly supports the approval of a loan application.
∙Work on third party verification from ordering stage uptil completion. Ensure validation of re-verification with original documents and highlight any discrepancies / red flag
∙Work with relevant parties to acquire required documents in order to verify the income and
employment details of the applicant, review the applicants credit profile, analyse financial
statements, and consider other information in order to act on loan and credit requests.
∙Ensure all discrepancies in the application files were addressed and properly documented in
writing
∙Cure red flags, if any, that makes it eligible for sale in secondary market / investors

Education & Experience:

Education & Experience:
∙Any Bachelor's or Master's degree (Any discipline)
∙Must have a minimum of 3+ year of underwriting audit experience in US Residential Mortgage
(FHA underwriting experience is mandatory)
∙Prior exposure to Reverse Mortgage will be an added advantage
∙Post-close underwriting experience would add to selection possibility
∙Ability to effectively communicate to lines of business and senior management
∙Effective oral and written communication skills
∙Fast paced with attention to detail
∙Hands on experience in Outlook and MS Office Tools


Working Hours:
∙Should be flexible to night shift


Work Location:
∙Should be flexible to work out of office full time from Mumbai

Requirements

Analyse loan files, including Borrower creditworthiness and ability to repay, red flag alerts, collateral valuation and worthiness, occupancy and employment verifications, title policies, and property insurance ∙Examine and analyse assets, liabilities, income, and debt information related to applicants, which was used to make credit decision ∙Ensure all debts in credit report are considered for calculating DTI and is compliant with client, Reverse Mortgage & FHA guidelinesv ∙Ensure Financial Assessment requirements are met as per Client, Reverse Mortgage & FHA guidelines ∙Evaluate and review appraisal reports and collateral issues related to real estate in order to determine whether it may properly supports the approval of a loan application.

∙Work on third party verification from ordering stage uptil completion.

Ensure validation of re- verification with original documents and highlight any discrepancies / red flag ∙Work with relevant parties to acquire required documents in order to verify the income and employment details of the applicant, review the applicant's credit profile, analyse financial statements, and consider other information in order to act on loan and credit requests.

∙Ensure all discrepancies in the application files were addressed and properly documented in writing ∙Cure red flags, if any, that makes it eligible for sale in secondary market / investors