Analyst - US Mortgage Loan Processing and Post Closing_CCG
FinacPlus · Remote · remote · Posted 64d ago
Undisclosed2–4 yrsfulltimeSourced from
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About this role
Analyst - US Mortgage Loan Processing and Post Closing
We provide virtual business process services to various types of overseas clients and this position is to be part of the team which provides Mortgage Loan Services to USA client from Mortgage Finance industry which is a recognized leader in mortgage credit space, real estate lending, capital markets, and securitization.
RESPONSIBILITIES
To Work on US Mortgage Hard Money Loan Origination, Loan Processing, Pre-Underwriting, Post Closing
Responsible for Mortgage Loan Process and help Underwriter in evaluating loans
Responsible to get all Documents from Potential Borrower or a Broker
Review and audit of documentation as per checklist and ensure completeness of loan file
- KYC documents of the Borrower (Employee, Self Employed, Small Business, Corporation etc)
- Property Appraisal, Risk Analysis and Valuation Ratios related to Property and Loan
- Title of Property and Verification, Title Insurance Policy and related checks
- Verification of Property Insurance Policy, Property Taxes and other Governmental clearances
- Assessment of Credit Appraisal of the Borrower and getting third party reports
- Income sources of Borrower and repayment capacity
- Experience of the Borrower, Other properties of the borrower and verification
- Income Appraisal of property and Cash flows from property, Interest Calculations and repayment schedules
- Loan Amount, Eligibility, Release Schedules and Related repayment schedule
Work on US Mortgage Post Closing Exception Review Process
- Experience in working on clearing Post Closing exceptions by understanding the requirement or comments provided by the investors and responding back accordingly.
- Sound knowledge in Post Closing Documents such as Mortgage Note, Deed of Trust, Credit Background reports, Bank Statements, entity documents, purchases/sales, property appraisal reports, insurance, title review, and multiple facets of a loan products - from Fix N Flips. 30YR to ground-up construction.
- Experience in preparing and due diligence of date audit tapes comprising of multiple checkpoints and verifying with mortgage documents will be adding advantage.
- Demonstrated ability to assess risks with experience presenting recommendations to senior management for approval.
Effective communication by email, by phone, and obtains the proper documentation needed
Entering/updating data in LOS and Preparing a Excel sheet that is used to ensure the loan fits the guidelines of loan buying partners.
QUALIFICATIONS AND EXPERIENCE
- A range of 2 - 4 years of experience in US Mortgage Origination Process
- Should have in depth knowledge of various mortgage documents review
- Credit analysis based on borrower s Income, Asset Liability (3C of Underwriting) to determine the credit worthiness of a customer, Collateral Documents like Property Appraisal, Project Completion Report, Phase I, documents relating to Tax Certificates, Insurance
- Master s degree in finance, MBA, CFA, or other Finance Degree
- Advanced Excel Skills
LOCATION: Hi-Tech City, Hyderabad (Work from Home)
TIMINGS: USA Shift IST 5-30pm to 2-30am (EST 8am to 5pm)
SALARY RANGE: Best in Industry
Disclaimer: This job posting & Location has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
Due DiligenceAuditingAdvanced Excelbusiness processLoansMortgageCredit Analysisunderwritingus mortgage
About FinacPlus
FinacPlus
IT Services & Consulting
Madhapur
IN
₹8.1L PA avg
Avg at FinacPlus
About
FinacPlus provides virtual business process services to overseas clients, focusing on mortgage back-office services and software product development. Established in 2017, the company serves capital market players with passion and perfection. The dedicated team works on various types of web applications related to mortgage finance, leveraging expertise in AWS Cloud Infrastructure and microservices architecture.
Industries
AccountingAnalyticsFinanceManagement ConsultingVirtual Workforce
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