Process Executive - BFS _ Mumbai_ Operation
- Cognizant
- 0 - 2 years
- Mumbai
- 3 months ago
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Job Description
Job Summary
Join our dynamic team as a PE-Loan Originations specialist where you will play a crucial role in supporting loan processing and closing activities. With a focus on utilizing your MS Excel skills you will ensure efficient and accurate data management. This entry-level position offers an opportunity to grow within the financial sector working night shifts from our office location.
Responsibilities
We are seeking a Process Executive for our B&L team with 0 to 2 years of experience. The ideal candidate will have mandatory technical skills in MS Excel and preferably domain experience in Loan Set Up (Mortgage). This is a work from office position with night shifts and no travel requirements.
File Review & Intake
Monitor the loan opening queue in LOS.
Review broker submissions for completeness and accuracy.
Communicate with brokers or loan officers to obtain missing documentation.
Disclosure Management
Prepare and send initial state and federal disclosures to borrowers.
Ensure accurate completion of Loan Estimates HMDA data and other required forms.
Manage re disclosures due to changes in loan terms or circumstances.
Documentation & Compliance
Order title quotes and upload them to the loan file.
Input fees and verify itemization accuracy.
Maintain proper documentation of borrower acknowledgments and disclosures.
Communication
Send required booklets and notices to borrowers (e.g HUD settlement cost booklet).
Notify borrowers of changes and ensure timely delivery of updated disclosures.
System Management
Use loan origination systems (e.g Encompass) to manage files and disclosures.
Upload and organize documents in electronic folders according to company protocols
Certifications Required
- Microsoft Office Specialist: Excel Certification
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Customer Success, Service & OperationsRole Category: Customer Success, Service & Operations - OtherRole: Customer Success, Service & Operations - OtherEmployement Type: Full timeContact Details:
Company: CognizantLocation(s): Mumbai
Keyskills: set data management dg credit underwriting credit analysis documentation credit appraisal mortgage underwriting loan origination excel operations mortgage underwriting loan processing compliance processing mortgage loans home loans maintenance us mortgage finance
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