US Mortgage Post Closing

Varite Inc.; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

VARITE INDIA PRIVATE LIMITED in Bengaluru is seeking a Senior Analyst to evaluate loan applications across credit, capacity, collateral, and capital. You will review credit histories, assess income, collateral values, and verify assets to support loan decisions, while maintaining thorough documentation.

Candidates should have a Bachelor’s in finance/accounting/business administration/math/statistics and at least 3 years of US mortgage underwriting experience, plus strong communication and

Qualifications

• Bachelor's degree in finance, accounting, business administration, math or statistics.
• At least 3 years of US mortgage underwriting/origination experience.
• Knowledge of the 4 C's (Credit, Capacity, Collateral, Capital) and related calculations.
• Experience reviewing mortgage documents and underwriting reports.
• Strong verbal and written communication; ability to multitask under tight deadlines.

Responsibilities

• Review applicants credit histories, including credit scores and debts.
• Assess income, employment history, and debt-to-income ratios.
• Appraise collateral value and ensure lender standards.
• Verify assets and funds for down payments and reserves.
• Approve/deny loan applications and recommend terms based on risk.
• Maintain records and prepare evaluation reports.

Skills

4 C's analysis

Verbal communication

Written communication

Multitasking

Education

Bachelor's degree in Finance/Accounting/Business Administration/Math/Statistics

Job description

Job Title : Senior Analyst
Location State : Karnataka
Location City : Bangalore

Company Name: VARITE INDIA PRIVATE LIMITED

About The Client: Providing Back-Office Support Services to the Financial Services Industry

About The Job:

• A Post closer/underwriter is a financial professional who evaluates the risk involved in loan, mortgage, insurance, or securities applications, with a focus on the 4 Cs involves evaluating loan applications based on four key criteria: Credit, Capacity, Collateral, and Capital.

Essential Job Functions:

Credit Analysis:

• Review applicants credit histories, including credit scores, payment histories, and outstanding debts.
• Assess creditworthiness and identify potential risks.

Capacity Evaluation:

• Analyse borrowers income and employment history.
• Calculate debt-to-income ratios to determine repayment ability.
• Evaluate stability and consistency of income sources.

Collateral Assessment:

• Appraise the value of the property or asset being used as collateral.
• Ensure the collateral meets the lenders standards and covers the loan amount.

Capital Verification:

• Verify the borrowers assets and savings.
• Assess the availability of funds for down payments and reserves.

Decision Making:

• Approve or deny loan applications based on comprehensive risk assessments.
• Recommend loan terms and conditions.

Documentation and Reporting:

• Maintain detailed records of all evaluations and decisions.
• Prepare reports summarizing findings and recommendations.

Qualifications:

• Bachelors degree in finance, Accounting, Business Administration and Mathematics or Statistics
• Minimum 3 years of strong knowledge in US Mortgage Underwriting/Origination
• Knowledge of the 4 C's (Credit, Capacity, Collateral, and Capital) along with the ability to perform related calculations is mandatory.
• Should have good knowledge in reviewing the mortgage Documents in depth.
• Should have strong verbal and written communications.
• Ability to multitask, take new responsibilities and prioritize work in a deadline intensive environment.
• Ability to work in a deadline driven, fast paced, high production environment.

Preferred Skills:

• Familiarity with various mortgage loan types.
• Expertise in reviewing and interpreting various mortgage documents.

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.

Unlock 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.

Exp Req - Referral Bonus
0 - 2 Yrs. - INR 5,000
2 - 6 Yrs. - INR 7,500
6 + Yrs. - INR 10,000

About 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.