Job Description

Company Name: VARITE India Private LimitedAbout The Client:
The Client is an American-owned company based in the US with offices in India and the Philippines. A tech-forward outsourcing company specializing in supporting the US mortgage, insurance, and banking industries.About The Job:

• The role of the Pre-Purchase Reviewer is to review the closed loan file documents and ensure that the loan closed according to the approval, meets all federal, state, local and investor requirements and that the data in the LOS matches the data in the mortgage loan documents.
• The position requires a thorough understanding and familiarity of both credit, income, assets and closing documents to complete the applicable review questions in the questionnaire and provide results to Client.

Essential Job Functions:

• Review and analyse the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
• Knowledge of Loan Origination Cycle- Loan Application, Origination, Due Diligence, Pre-Purchase Review or Underwriting process
• Knowledge of different types of mortgages and its functioning and ability to read various documents involved in Closing, Funding and Underwriting
• Review the loan documents using the Pre-Purchase Review checklist for completeness and accuracy.
• Strong knowledge of ATR/QM ( Ability-to-repay/Qualified Mortgage) , RESPA ( Real Estate Settlement Procedures Act) , TRID ( TILA-RESPA Integrated Disclosures) and mortgage compliance regulations
• Review all loan types including Conventional, FHA ( Federal Housing Administration) , VA ( Veterans Affairs) & USDA ( U.S. Department of Agriculture)
• General knowledge of Client, Freddie Mac, FHA and VA guidelines a plus
• Add suspense conditions in a clear concise manner in LOS for any deficiencies noted as part of the above review.
• Strong Customer Service Skills, Detail Oriented with good analytical skills and the ability to make decisions based on the situation.

Qualification:-

• 2 years & above: Recent experience of min 2 two years in PPR is Must.
• Degree or Equivalent
• 2 - 10 years of experience in PPR / Underwriting
• Should be flexible working in night shifts
• Good written and oral communications skills in English.

Preference: -

• US Mortgage Process (Only Night Shifts)
• Work From Home/Remote.

Key Required Skills:-

• Ability to read various documents involved in Closing, Funding and Underwriting.
• Expertise in Origination, Due Diligence, Pre-Purchase Review or Underwriting process.
• Analysing Credit and Income
• Knowledge on Documents, Loan Origination Cycle
• Excellent knowledge on ATR/QM, RESPA, TRID and mortgage compliance regulations
• Should aware of Client, Freddie Mac, FHA and VA guidelines
• Ability to make decision based on situation with Customer Service Skills

How to Apply: Interested candidates are encouraged to respond/submit their updated resumes, and for additional job opportunities, please visitUnlock Rewards: Refer Candidates and Earn.
If you\'re not available or interested in this opportunity, please pass this along to anyone in your network who might be a good fit and interested in our open positions. VARITE offers a Candidate Referral program, where you\'ll receive a one-time referral bonus based on the following scale if the referred candidate completes a three-month assignment with VARITE.Experience Level Bonus Referral: 0-2 years INR 5,000
2-6 years INR 7,500
6+ years INR 10,000About VARITE: VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.Equal Opportunity Employer:
VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status.

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