Loan Eligibility & Income Calculation Analyst

Coforge Limited; Dallas (TX); On-site; USD 25,000 - 36,000; Full time

Job summary

Coforge Ltd. in Dallas, TX is seeking a Loan Eligibility & Income Calculation Analyst to support mortgage operations on-site.

The role focuses on evaluating borrower eligibility and accurately calculating income across salaried, self-employed, rental, retirement, SSI, pension, and annuity types. You will collaborate with underwriters and maintain adherence to industry regulations while handling income calculations and inquiries from loan officers.

Qualifications

• Extensive knowledge of U.S. mortgage origination and underwriting practices.
• Strong ability to calculate diverse borrower income types (salaried, self-employed, rental, retirement, SSI, pension, annuity).
• Excellent analytical skills with attention to detail.

Responsibilities

• Analyze borrower information and financial statements to determine loan eligibility.
• Calculate and verify different income types for mortgage applicants, ensuring accuracy and compliance with regulations.
• Collaborate with underwriters and team members to streamline the loan approval process.
• Handle inquiries from loan officers and applicants regarding income calculations and eligibility criteria.
• Stay updated on industry trends, guidelines, and mortgage regulations.

Skills

Mortgage origination

Income calculation

Analytical skills

Communication skills

Attention to detail

Tools

Encompass

Calyx

Excel

Job description

Loan Eligibility & Income Calculation Analyst

Job Description

Company Name: Coforge Ltd.

Job Title: Loan Eligibility & Income Calculation Analyst

Location: Dallas, TX (Onsite)

Pay: $22/hr on W2

Job Description: We are seeking an experienced Loan Eligibility & Income Calculation Analyst to join our Mortgage Operations team in Dallas, TX. The ideal candidate will have extensive experience in the U.S. mortgage origination and underwriting process. The analyst will be responsible for evaluating the eligibility of loan applicants and accurately calculating borrower income across various income types such as salaried, self-employed, rental, retirement, SSI, pension, and annuity income. The role involves thorough analysis of financial documents, ensuring compliance with regulatory requirements, and providing detailed assessments that support lending decisions.

Key Responsibilities

• Analyze borrower information and financial statements to determine loan eligibility.
• Calculate and verify different types of income for mortgage applicants, ensuring accuracy and compliance with industry regulations.
• Collaborate with underwriters and other team members to streamline the loan approval process.
• Handle inquiries from loan officers and applicants regarding income calculations and eligibility criteria.
• Stay updated on industry trends, guidelines, and changes in mortgage regulations.

Skills and Tools Required

• Extensive knowledge of the U.S. mortgage origination and underwriting processes.
• Strong proficiency in calculating diverse income types including salaried, self-employed, rental, retirement, SSI, pension, and annuity income.
• Excellent analytical skills with attention to detail.
• Familiarity with mortgage software and tools (e.g., Encompass, Calyx).
• Strong communication skills to interact effectively with team members and clients.
• Ability to work in a fast-paced environment and manage multiple tasks simultaneously.
• Proficient in Microsoft Office Suite, especially Excel for financial analysis.

About the Role

As a Loan Eligibility & Income Calculation Analyst at Coforge Ltd., you will play a critical role in the mortgage operations process. You will assess borrower eligibility and accurately calculate income to support mortgage applications. This position requires a deep understanding of the mortgage underwriting process and the ability to work efficiently in a fast-paced environment. You will be responsible for ensuring that all calculations are compliant with industry standards and regulations.

About the Team

You will be joining a dedicated Mortgage Operations team in Dallas, TX, consisting of experienced professionals committed to providing exceptional service. The team collaborates closely to deliver results, streamline processes, and adapt to changing market conditions. A supportive and inclusive culture defines the team, fostering personal and professional growth.

You are Responsible for

• Performing detailed income calculations for various borrower income types, ensuring accuracy and compliance.
• Evaluating borrower documentation and financial history to determine eligibility for mortgage products.
• Collaborating with underwriters and other team members to resolve any discrepancies or issues related to income calculations.
• Maintaining up-to-date knowledge of mortgage regulations and best practices to ensure compliance in all processes.

To succeed in this role – you should have the following

• Extensive experience in U.S. mortgage origination and underwriting processes.
• Strong expertise in calculating different types of borrower income, including salaried, self-employed, rental, retirement, SSI, pension, and annuity income.
• Excellent analytical skills with a keen attention to detail.
• Strong communication skills to interact effectively with team members and stakeholders.
• A proactive approach to problem-solving and the ability to work independently in a fast-paced environment.

Compensation

Compensation: $22/hr on W2 with the position being on-site in Dallas, TX.

Skills Required

NON VOICE

Role