Kotton Kare

Company Name: Kotton KareCompany Description: Please find jd for underwriter.Skill sets:Ability to identify mortgage documents & review basic and critical checkpointsAble to review credit report & apply thumb rules for types of accounts (e.g., Collection, 30 days open accounts, Installment, Revolving, student etc.,)Knowledge about public records & waiting period, DelinquenciesAble to review HOI document, Document requirements for Self-employment (exception income calculation)Basic guidelines requirement for credit & assetLarge deposit, Investment/retirement account requirementsMI requirements, LTV calculation, DTI formulaAUS typesProcessSr. Processors (Underwriting)No. of Requirements20GenderMale / FemaleAbout ProcessAbility to UW manually on complex transactions to ensure the loan meets established guidelines.Compute income and debt ratio calculations following program guidelines and ability to repay requirements.Perform mortgage credit analysis without the assistance of AUS.Maintain production goals & standards in accordance with established SLA’s and metrics.The candidate may be required to perform other job-related tasksPerform evaluations on appraisal productsUpdates himself regularly with Company policies on Information Security Management SystemEnsure adherence to legal & regulatory requirements as applicable to the nature of workEnsure Process adheres to legal & regulatory requirements as applicable to the nature of workEnsure adherence to the Contractual Requirements of the Process/FunctionCooperate with Compliance and Security officers with Security InvestigationsMonitor Compliance adherence and ensure a monthly review of statusFacilitate Regular Audits to detect any compliance or contractualbreaches and encourage continuous improvementsEnsure Risk assessment is conducted for the process at the start ofOperations and on any major change-taking place.Review Risk Assessment document and implement mitigations strategiesTitleSr. ProcessorLocation(Sholinganallur) ChennaiRequirementExcellent communication skills required (B29)Should be able to calculate all income types (e.g. wage earner, retirement, self-employed)Deep knowledge of FHA, VA, Fannie Mae and Freddie Mac guidelinesProficiency in MS-ExcelGood understanding of titleGood understanding of TRID requirementsEducationGraduate / Post Graduate 4+ years of experience in US Residential Mortgage Conventional Underwriting / Pre Purchase ReviewCandidates having 2+ years of experience in Conventional / FHA/ VA loan underwriting will be preferredCandidate should have experience US Residential Mortgage for respective rolesShift timings5:30pm to 6:30am (Any 9 hours shift)Transport BoundariesNATransport FacilityNA (But target candidates from nearby location only)Salary Range4 to 8 Lacs paWeekly Off2 Rotational OffAgeUpto 35 yearsUSPBrand, Salary, DesignationRounds of InterviewHR - Telephonic (Check previous experience, Qualification, Age, Communication skills, Compensation, Stability)Operations - Videocall (Check stability & knowledge, discuss salary, Checks communication)Email: acv66666@gmail.comTelephone: 7620806894