Job Description

About The Client: leading global services company that offers a comprehensive suite of business process outsourcing solutions. With expertise in finance and accounting, technology, and digital transformation, We helps businesses streamline operations, improve efficiency, and drive growth. Through innovative solutions and a client-centric approach, We empowers organizations to achieve their strategic objectives and stay ahead in today\'s competitive marketplace. About The Job: Responsible for identifying and indexing various Mortgage loan documents in sixty-plus pre-defined categories. Order services, which include but are not limited to Appraisal, Flood Determination Certificate, VOD/VOR/VOM as required, Tax transcripts, SSA-89, Home Insurance, Prelim Report. Essential Job Functions: Performs full review of mortgage applications and verifies the accuracy of information entered into processing systems. Analyze borrowers\' credit profile, collateral and capacity to repay the proposed mortgage obligation. Perform a thorough analysis of the applicant\'s income and expense data, self-employment documentation, credit reports, and property valuations to affirm that the borrower qualifies for the loan. Interpret credit policy guidelines and investor guidelines (all FNMA, FHLMC, FHA, VA & USDA) and apply them to specific loans for effective sale in the secondary market. Accurately calculate borrowers\' income and debt-to-income ratios Quickly making decisions on the borrower\'s creditworthiness based on underwriting guidelines. Assembles documents in the loan file, approves or rejects loan applications or requests additional information within the reasonable time frame to the originating mortgage loan officer. Records loan rejection, specifying investor and guidelines and basis for declining applications. Understands policy and procedures for approving loans, loan-to-value (LTV), and debt-to-income (DTI) ratios by using income, assets, and property appraisals, and uses sound judgment on applications reviewed. Responsible for identifying various Mortgage loan documents and indexing them in sixty-plus pre-defined categories. Intelligent data capture from source documents as per defined business rules Order services include but are not limited to Appraisal, Flood Determination Certificate, VOD/VOR/VOM as required, Tax transcripts, SSA-89, Home insurance, and preliminary report. Review and update information in the Loan Originating System (LOS) as per submission documents. Update information in LOS if a discrepancy exists. Perform compliance check. Notify the Client Processing team of completion. Error Analysis Publishing Quality Dashboard Meeting goals as per the defined key result areas Maintaining track of daily processed transactions and reporting in a timely and accurate manner to the Process Supervisor / Team lead Appearing and qualifying all periodic process assessments with defined benchmark scores Adherence to process SLAs Best practice sharing Help in cascading process updates. Qualifications: Three years of US underwriting experience with knowledge of FHA, VA and conventional Mortgage underwriting in a bank or mortgage company environment Should possess in-depth knowledge of critical documents used for a mortgage transaction, such as appraisal reports, title commitments, and all types of income documents, including personal and business tax returns. Thorough knowledge of the required credit criteria of the assigned loan products and channel of business Excellent written communication skills with proper grammar, able to summarize crisp and clear requirements. Good computer skills, particularly with Excel and Word Strong attention to detail and multi-tasking abilities Expert knowledge of Desktop Underwriter (DU) & Loan Prospector (LP) Extensive knowledge of all mortgage loan documentation Categorical understanding of the mortgage lending process Ability to carry out requisite loan calculations (DTI, LTV, etc.) Capable of preparing reports of findings Ability to handle multiple files simultaneously. Perform well in team environments. Education Qualification Graduate and or Postgraduate Science/ Commerce graduates Medium of education: English

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