Job Title: Mortgage Underwriter
Shift: US Shift
Position Type: Permanent
Company Name: VARITE INDIA PRIVATE LIMITED
About The Client: Providing Back-Office Support Services to the Financial Services Industry
About The Job:
- The Post-Close QC Auditor will re-underwrite residential mortgage loan files for Pre-Funding and Post-Closing audits to ensure the accuracy of information and verify the presence of all required documents in accordance with all agency and investor guidelines (Client, HUD, Freddie Mac, VA, and USDA). The QC Auditor will review documents that may include initial federal disclosures, origination documents, QC credit reports,
- income and employment documents, property documents such as purchase agreements, title, appraisals and property valuation, loan-to-value ratios, debt-to-income ratios, and compliance documents to determine lenders adherence to all applicable agency guidelines as well as state and federal requirements.
Interested in this opportunity Please reach out via phone at 8899575017 or email your application to [Confidential Information].
Essential Job Functions:
- Analyze calculations and verifications of income & assets, and evaluations of credit reports, liabilities, purchase contracts, appraisals, title commitments, and other loan pertinent documentation to ensure all agency guidelines have been met.
- Recalculate income, assets, and DTI to ensure all eligibility and agency guidelines are met.
- Perform a post funding loan analysis to ensure that the loan documents, origination, underwriting, eligibility, and funding of loans were in accordance with company policies and procedures, agency guidelines, and state, and federal regulations.
- Determine if proper procedures were followed in the origination, underwriting, and funding of the loans.
- Determine if the underwriter correctly calculated income and approved the loan in accordance with company policies and procedures as well as agency guidelines.
- Review loans for all red flags to ensure loans do not present fraudulent activity.
- Document findings in audit system with an accurate and detailed picture of the defect.
Qualifications:
- Bachelors degree or equivalent work experience in the financial or mortgage services industry
- Shift timings will be 6 pm to 3 am IST and 7 pm to 4 am during daylight saving
- Minimum 3 to 5 years of experience in US Mortgage Underwriting
- FHA Direct Endorsement/ VA SAR Certifications preferred.
- In-depth knowledge of all federal, state, and local compliance regulations: Truth in lending, Equal Credit Opportunity laws, CFPB, REG Z, REG B and REG X
- Proficient with conventional and government underwriting guidelines for agencies
- Experience in quality control services in a multiple client environment a plus
- Must have subject matter expert working knowledge of calculating and verifying income & assets, evaluating credit reports, purchase contracts, appraisals, title commitments, and other loan pertinent documentation.
- Must have in-depth knowledge of total closing function: underwriting condition to closing, closing instructions, closing procedures, and TRID.
- Expert knowledge of AUS systems, including Loan Prospector and Desktop Underwriter
- Encompass and ACES applications knowledge would be an advantage.
- Must have manual underwriting, as well as automated underwriting experience.
- At least an Intermediate level user of Microsoft Office Suite, with an emphasis on Word and Excel
How to Apply: Interested candidates are invited to submit their resume using the apply online button on this job post.
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.
