US Mortgage (Residential) - Sr. Underwriter
- SitusAmc
- 3 - 8 years
- Kolkata
- 3 years ago
- Email to a friend
- Report this job
Job Description
Title: Analyst / Senior Analyst
Position Overview:
Shared Services function leverages the shared delivery model to provide operations delivery to Business Unites 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 (i) the identification of the proper documentation for data capture, (ii) the capture of such information in the system (iii) running embedded rules and logic against such information, and (iv) clearing validations and/or applying exceptions that may be appropriate for the item in question.
DUTIES AND RESPONSIBILITIES:
- Review loan files for completeness and accuracy including but not limited to application and closing package, disclosures and their timelines, compliance report,
- Gather accurate data from appropriate documents to calculate APR tolerances, cash to/from borrower, fee thresholds/ tolerances calculations, reserves or impounds,
- Determine and document loan conditions, communicate requirements, and/or decisions
- Identify portfolio risks resulting from the client's underlying business practices
- Such other activities as may be assigned by your manager
SKILL SETS REQUIRED:
- Demonstrated understanding of mortgage guidelines and policies for VA, FHA, FNMA, FHLMC & USDA
- Analysis 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 Statements
- Basic working knowledge of US Mortgage Residential disclosures, fees and closing documents Note, Title, Purchase Contract, Security Instrument, NMLS, Valuation, GFE, HUD, Loan Estimate, Closing Disclosure, TIL, RTC, Net Tangible Benefit, Insurance docs, Flood Cert, FHA Connection and Valuation documents
- Basic working knowledge of TRID, TILA and HOEPA timelines and fee tolerances would be preferred.
- Experience on industry recognized Compliance tools such as Compliance Ease, Mavent, Predprotect or Compliance Eagle would be preferred.
QUALIFICATIONS/ REQUIREMENTS:
- 5+ years of recent US Mortgage underwriting and/or due diligence (post-close) experience in the residential mortgage industry
- Knowledge and familiarity with current mortgage policies/procedures, compliance laws and regulations and understanding of mortgage regulatory changes
- High producer with attention to quality
- Excellent communication skills to write clear sitps/ conditions/ exceptions on loan files.
- Strong commitment to customer service and satisfaction
- Excellent time management skills
- Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices
- Detail oriented, with superior verbal and written communication skills
- Strong PC skills, with demonstrated proficiency with Microsoft Office
- Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service
- Demonstrate professional behavior including:
- Positive attitude
- Punctuality
- Dependability
- Understanding and adherence to company policies and procedures
SPECIAL REQUIREMENTS:
When / if working remotely
- Maintenance of a safe and professional home office environment
- Appropriate equipment set-up including dual monitors, high speed internet and appropriate computer systems
- The employee may be required to report to a different local office as a normal, contemplated, and mandated incident of their employment.
Perks & Benefits:
- Hike on fixed CTC
- Incentives up to INR 1.20 Lac per annum
- Night shift allowance over and above the fixed salary offered
- Weekend working allowance
- Notice period buyout option is available basis managements discretion and approval
- Work from home opportunity until further notice from the management
- Systems and necessary equipment will be provided for WFH
If you find this opportunity relevant and exciting then share your resume to Ca*********a@Si*****C.com
Job Classification
Industry: Banking, Financial Services, BrokingFunctional Area: Financial Services, Banking, Investments, Insurance,
Role Category: Life Insurance/Financial Services
Role: Life Insurance/Financial Services
Employement Type: Full time
Education
Under Graduation: Any Graduate in Any SpecializationPost Graduation: Any Postgraduate in Any Specialization
Doctorate: Doctorate Not Required
Contact Details:
Company: SitusAMCAddress: 150 E 52nd Street, New York
Location(s): Kolkata
Website: https://www.situsamc.com/
Keyskills: Mortgage Underwriting US Mortgage income calculation Credit Analysis Credit Appraisal Credit Underwriting Appraisal Collaterals
SitusAmc
HOME TO THE BEST PEOPLE IN REAL ESTATEFrom industry leading experts to world-class technologists, SitusAMC is where the best people in the industry choose to build long and meaningful careers. If you're looking for a best-in-class company, a dynamic culture, and an inspirin...
Job Listings
We are in open beta version of website, please let us know if any issues, at: info(at)indigojobs.in
