Walkin Drive For Live Underwriting (US Mortgage)-Bangalore on 4th June

40/P-41/P, Gate # : 2 electronic City phase 2, Industrial Area, Konappana Agrahara, Bangalore 560100.\nLandmark: In Between Sunik Industries and Tejas Networks.\n\nPlease find below Job Description for your reference:\nJob Location: Bengaluru\nQualification: Any Graduate (Full Time)\nExperience: 2-4 Years\nNotice Period: Immediate Joiners Only\nShift: US Shifts/ Night Shifts (06:30 PM to 03:30 AM)\n5 Work From Office is mandatory\nJob Level: 3A\nDesignation: Process Specialist\n\nMandatory Skills:\nLive Underwriting\nDTI\nLTV\n4C's (Credit, Capacity, Capital & Collateral)\n\nPurpose of the Role:\nThe 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.\n\nAreas of Responsibility:\nUnderwrites mortgage loan applications and evaluates loans to maximize organizational profit and minimize risk or loss.\nRender final decision on pipeline of loans and recommend decisions on loans that exceed authority.\nTimely review of condition / final CTC\nFamiliar with standard concepts, practices, and procedures within a particular field\nRelies on limited experience and judgment to plan and accomplish goals.\nWorks under general supervision.\nA certain degree of creativity and latitude is required.\nTypically reports to a supervisor or manager.\nStrong understanding of Desktop Underwriting (DU) and Loan Prospector (LP)\nAnalyze 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\nUnderwriter 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\nAnalyzing the risk involved in approving a loan to determine whether it is acceptable to the Investor or not\nCite defects for any deficiencies observed on the loan.\nVerify accuracy of the supporting employment documents, source of down payment/ reserves, appraisal value and property title commitment received\nReview legal documents, if present, to ensure the accuracy & completeness\nIdentify the mortgage insurance requirement (MI) and follow the MI guidelines, if applicable\nShould be capable of identifying, raising, and clearing conditions on loans in pipeline.\n\nKnowledge and Skills required for the role:\nThe ideal candidate should have 2-4 years of experience of independently underwriting residential mortgage loans, expert analytical skills with DU & LP experience\nShould have minimum 2-4 years of Underwriting/Re-underwriting Mortgage experience in Conventional, FHA & VA loans (Government) products\nMay require a bachelor's degree in area of specialty or a graduation degree for India operations and high school diploma for US Operations\nFamiliar with standard mortgage concepts, practices, and procedures within a particular field.\nShould have working knowledge with any Mortgage loan origination application.\nRelies on limited experience and judgment to plan and accomplish goals\nPerforms a variety of tasks.\nExcellent mathematical and statistical aptitude.\nA certain degree of creativity and latitude as expected.\n\nDocuments to Carry:\nCarry a printout your updated resume.\nCarry any 2 photo Identity proof (PAN Card/Driving License/Voters ID card/Passport).\nAll original education documents needs to be available for verification.

(10th, 12th, Graduation (Sem Wise Marksheet, CMM. Provisional and Original Degree)\n\nMandatory to carry:\nSmartphone with good front camera, charger and Headset for Assessment, Government ID proof Hardcopy.\n\nPointers to note:\nPlease do not carry laptops/cameras to the venue as these will not be allowed due to security restrictions.\nOriginal Government ID card is must for Security Clearance\n\nThanks & Regards,\nInfosys Recruitment Team.