Process Specialist

Key Responsibilities:

• 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
• Works under general supervision
• 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 mortgagor s loan application adheres to the Investor s 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

Preferred Skills:

India Banking->Consumer Banking, Mortgage, Lending Operations, Commercial Banking