Pre Purchase Reviewer - Mumbai, India - Nexus Hire

    Nexus Hire
    Nexus Hire Mumbai, India

    2 weeks ago

    Default job background
    Description
    Key Skills: pre Underwritingand US Mortgage experience.
    NoticePeriod Cant be more than 15days
    CTC5 7.5 LPA
    JobOverview:The role ofthe PrePurchase Reviewer is to review the closed loan filedocuments and ensure that the loan closed according to the approvalmeets all federal state local and investor requirements and thatthe data in the LOS matches the data in the mortgage loandocuments. The position requires a thorough understanding andfamiliarity of both credit income assets and closing documents tocomplete the applicable review questions in the questionnaire andprovide results toClient.
    Experience:
    • 2 years& above: Recent experience of min 2 two years in PPR isMust.
    • EducationQualification: Degree OrEquivalent.
    • Preference: USMortgage Process (Only NightShifts).
    • Work FromHome/Remote.

    KeyRequiredSkills:
    • Abilityto read various documents involved in Closing Funding andUnderwriting.
    • Expertise inOrigination Due Diligence PrePurchase Review or Underwritingprocess.
    • Analysing Creditand Income.
    • Knowledge onDocuments Loan OriginationCycle.
    • Excellent knowledgeon ATR/QM RESPA TRID and mortgage complianceregulations.
    • Should awareof Fannie Mae Freddie Mac FHA and VAguidelines.
    • Ability tomake decision based on situation with Customer ServiceSkills

    JobRoles andResponsibilities:
    • Reviewand analyse the mortgage loan application to ensure eligibilityaccuracy completeness and compliance with internal and regulatoryguidelines to minimize riskfactors.
    • Knowledge of LoanOrigination Cycle Loan Application Origination Due DiligencePrePurchase Review or Underwritingprocess.
    • Knowledge ofdifferent types of mortgages and its functioning and ability toread various documents involved in Closing Funding andUnderwriting.
    • Review theloan documents using the PrePurchase Review checklist forcompleteness andaccuracy.
    • Strong knowledgeof ATR/QM (Abilitytorepay/Qualified Mortgage) RESPA (Real EstateSettlement Procedures Act) TRID (TILARESPA Integrated Disclosures)and mortgage complianceregulations.
    • Review allloan types including Conventional FHA (Federal HousingAdministration) VA (Veterans Affairs) & USDA (U.S.Department ofAgriculture).
    • Generalknowledge of Fannie Mae Freddie Mac FHA and VA guidelines aplus.
    • Add suspenseconditions in a clear concise manner in LOS for any deficienciesnoted as part of the abovereview.
    • Strong CustomerService Skills Detail Oriented with good analytical skills and theability to make decisions based on thesituation.

    Qualification&Experience
    • Degreeor Equivalent.
    • 2 10 yearsof experience in PPR /Underwriting.
    • Should beflexible working in nightshifts.
    • Good written andoral communications skills inEnglish.

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