Infosys BPM is Hiring -Mortgage Live Underwriting(1-4 Yrs)- Bangalore

Infosys BPM; Bengaluru; Sur place; INR 500 000 - 700 000; Plein temps

Résumé du poste

A leading financial services company is hiring for the role of Mortgage Live Underwriter in Bengaluru. The ideal candidate should have 1-4 years of experience and possess strong analytical skills to evaluate mortgage applications. Responsibilities include analyzing the risk associated with loans, ensuring compliance with investor guidelines, and providing support in the underwriting process. This full-time position requires a graduate degree, with immediate joiners preferred.

Qualifications

• 1-4 years of experience in mortgage underwriting.
• Knowledge of mortgage loan origination applications.
• Experience with Conventional, FHA & VA loan products.

Responsabilités

• Underwrite mortgage loan applications to minimize risk.
• Review final conditions and determine creditworthiness.
• Ensure compliance with government and investor guidelines.

Connaissances

Mortgage Live Underwriting

US Mortgage

Analytical skills

Attention to detail

FHA & VA loans knowledge

Formation

Bachelor's degree (preferred)

Outils

Desktop Underwriting (DU)

Loan Prospector (LP)

Description du poste

We are hiring for Mortgage Live Underwriting (1-4 Yrs) in Bangalore location.

Please find below Job Description for your reference:

• Qualification: Any Graduates (Full Time)
• Experience: 1-4 years
• Designation: Senior Process Executive (1-2 years) / Process Specialist (2-4 Years)
• Employment Type: Full Time
• Notice Period: Immediate Joiners Or 15 Days
• Job Level: 2A (1-2 Yrs)/ 3A (2-4 Yrs)
• Shift: Flexible to work for any shift
• WFO/ Hybrid: 100% Work from Office
• Must Have Experience in: Mortgage Live Underwriting , 4C's ( Credit ,Capacity ,Collateral, Capital) , US Mortgage, Underwriting.

JOB DESCRIPTION

Purpose of the Role

The Underwriter will review all loan documents and data in a loan file with the goal of rendering an Underwriting decision based on the loan characteristics including but not limited to Borrowers ability to repay (income, employment and assets), borrowers credit history and the collateral (property). UWs are granted Lending Authority based on their experience and their performance on initial test cases. Once Lending Authority is received, they underwrite loans in accordance with regulatory requirements, Investor guidelines and overlays.

Areas of Responsibility

• Underwrites mortgage loan applications and evaluates loans to maximize organizational profit and minimize risk or loss.
• Render final decision on pipeline of loans and recommend decisions on loans that exceed authority.
• Timely review of condition / final CTC
• Familiar with standard concepts, practices, and procedures within a particular field
• Relies on limited experience and judgment to plan and accomplish goals.
• A certain degree of creativity and latitude is required.
• Typically reports to a supervisor or manager.
• Strong understanding of Desktop Underwriting (DU) and Loan Prospector (LP)
• Analyze Income & employment, credit strength, property appraisal, check over debt to Income (DTI) and Loan to value (LTV)and all other information pertinent to the credit decision process on each mortgage application, as presented by the applicant
• Underwriter to validate that a prospective mortgagors loan application adheres to the Investors, Secondary Investors (Fannie & Freddie) and guidelines of applicable government agencies to approve the loan
• Analyzing the risk involved in approving a loan to determine whether it is acceptable to the Investor or not
• Cite defects for any deficiencies observed on the loan.
• Verify accuracy of the supporting employment documents, source of down payment/ reserves, appraisal value and property title commitment received
• Review legal documents, if present, to ensure the accuracy & completeness
• Identify the mortgage insurance requirement (MI) and follow the MI guidelines, if applicable
• Should be capable of identifying, raising, and clearing conditions on loans in pipeline

Knowledge, Skills required for the role

• The ideal candidate should have 18 months of experience of independently underwriting residential mortgage loans, expert analytical skills with DU & LP experience
• Should have minimum 12 months of Underwriting/Re-underwriting Mortgage experience in Conventional, FHA & VA loans (Government) products
• May require a bachelor's degree in area of specialty or a graduation degree for India operations and high school diploma for US Operations
• Familiar with standard mortgage concepts, practices, and procedures within a particular field.
• Should have working knowledge with any Mortgage loan origination application.
• Relies on limited experience and judgment to plan and accomplish goals
• Performs a variety of tasks.
• Excellent mathematical and statistical aptitude.
• A certain degree of creativity and latitude as expected

If interested, please share your resume with below details to [e-mail]