US Mortgage (Residential) - Analyst / Sr.
- SitusAmc
- 3 - 8 years
- Kolkata
- 3 years ago
- Email to a friend
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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 calculation and verification of income & assets, evaluation of credit reports, purchase contracts, appraisals, title commitments, VOE, tax returns, divorce decrees, and other loan pertinent compliance documentation.
- Evaluate debt & loan-to-value ratios, credit score, property valuation and various other factors.
- Determine and document loan conditions, communicate requirements, and/or decisions.
- Identify salability issues, potential fraud and portfolio risks based on trends, red flags, and clients business practices.
- Maintain knowledge of all applicable agency and non-agency underwriting guidelines.
- Exhibit working knowledge of AUS to determine applicable loan conditions.
- 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
- Experience with both AUS and manual underwriting methods including DU and LP.
- Working knowledge of running and reviewing third party loan-level Fraud Reports (Fraud Guard, Fraud Manager or DRIVE) would be preferred.
- Experience of working on Non-QM loans (Jumbo and Bank Statement Programs) in addition to AUS loans would be preferred.
QUALIFICATIONS/ REQUIREMENTS:
- 3+ 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
- 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: Post Graduation Not Required
Doctorate: Doctorate Not Required
Contact Details:
Company: SitusAMCAddress: 150 E 52nd Street, New York
Location(s): Kolkata
Website: https://www.situsamc.com/
Keyskills: Credit Underwriting Mortgage Underwriting income calculation Credit Analysis Credit Appraisal Credit US Mortgage Appraisal Collaterals
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