Walk in Drive_First Source_ US Mortgage
- Goalpay Payroll
- 1 to 6 Yrs
- Bengaluru
- 3 years ago
- Email to a friend
- Report this job
Job Description
Walk-In Drive|18thJan 2021| 11am to 2pm| Client- First Source| Process- US Mortgage
Greetings fromGoalpay.
We are sourcing profiles for the clientFirst Source. (Work Location-Sarjapura Outer Ring Road, Bangalore 560 103)
Process- US Mortgage
Job Title:
Underwriter (End to End)
Closing
Post-Closing
Title Insurance
Origination
Minimum 1 year work experience is mandatory
Salary: Negotiable
Job Description:
Underwriter
Job Summary :
Ability to perform the Origination VA IRRRL Underwriting review with quality and within the TAT. Validate the VA loan documents with Lakewood and make necessary changes if required. Need to calculate the payoff amount, adjust the loan amount if required. Approve/Deny/Request for additional documents to complete the loan.
Knowledge, Skills & Ability:
1. Knowledge of the US Mortgage Industry
2. In-depth knowledge of Origination/VA IRRRL Underwriting process and ability to read various VA Loan documents.
3. Good communication skills (Written and Verbal) are required to understand and update comments and communicate with various stake holders.
4. Strong Customer Service Skills, Phone/E-mail Etiquettes, Detail Oriented with good analytical skills and have the ability to make decisions based on the situation.
5. Should be able to effectively use a computer and have working knowledge of MS Word, MS Excel and PowerPoint
6. Experience with reporting and analysis
7. Ability to handle and accomplish multiple tasks, follow written and verbal instructions effectively and understand and perform basic financial transactions
8. Experience working in a team-oriented, collaborative environment and the ability to prioritize the new task and resubmission files
Responsibilities :
1. Identify the minimum quality requirements for respective process
2. Perform production as per the agreed Quality check parameters requirements
3. Work as an individual contributor with minimum support from Management
4. Be proactive to take new initiative and drive it to completion
5. Track and maintain feedback received from internal and external customers
6. Identify process improvements and automations
7. Performs other duties as required by Supervisor / Management.
Closing:
Job Summary :
Once the borrowers application for a mortgage loan has been approved and the borrower has received a commitment letter from the lender, the final step before the borrower can call the house of his own is when the closing process starts, or settlement. The closing agents first task is to complete the closing input and send the closing instruction for HUD- I preparation. After the HUD is received then they proceed with HUD-1 approval by sending final closing documents for signing.
Knowledge, Skills & Ability:
1. Basic Knowledge of Loan Origination Cycle- Loan Application, Processing, Underwriting and Closing.
2. Basic knowledge of different types of mortgage and its functioning, documents involved in Closing, function of Title companies, preparation of Closing Disclosure package and importance of recession date in funding.
3. Basic knowledge of Federal laws, necessity of RESPA and various laws in different parts of US related to mortgage
Responsibilities :
1. Updating loan information and closing related fees in Client applications
2. Verifying Tax, HOI and Flood information
3. Verifying escrow information on the loan
4. Calculating pay off amount as per funding date
5. Updating the loan required information in different client applications
6. Completing the given target as per the clients requirements
Title:
Knowledge, Skills & Ability:
1. Knowledge of the US Mortgage Industry
Responsibilities :
1. Review Title commitment and flag if there are liens, judgments, etc
2. Call the title company to resolve the missing items
3. Call the title company to request for subordination( If applicable)
4. Complete the Data Entry input of the documents gathered into the Loan origination system
5. Call the insurance agents to obtain binders
6. Call the lenders to obtain payoff quote
7. Upload the obtained documents to the LOS
post closing
Job Summary :
The associate is responsible for confirming closing. They receive fax backs and ensure the accuracy of documents received; coordinate with the notary and/or borrower to get any corrections needed completed and get executed documents back to client. They would track the closing documents to ensure they reach their intended destination.
Knowledge, Skills & Ability:
1. Knowledge of the US Mortgage Industry and Title Insurance.
2. Knowledge of different types of mortgages, its functioning, Closing instructions prepared for a Refinance Closing
Interested candidates are requested to contact us through email (id:ec*l@go****y.in) or Contact HR Basheera - 8310938*** and complete the registration process.
Regards,
Basheera
8310938***
Goalpay Payroll Solutions.
Employement Category:
Employement Type: Full timeIndustry: Insurance
Role Category: Risk / Underwriting
Functional Area: Not Applicable
Role/Responsibilies: Walk in Drive_First Source_ US Mortgage
Contact Details:
Company: Goalpay PayrollLocation(s): Bengaluru
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