Analyst – US Mortgage Loan Processing and Post ClosingWe 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 loansResponsible to get all Documents from Potential Borrower or a BrokerReview and audit of documentation as per checklist and ensure completeness of loan fileKYC documents of the Borrower (Employee, Self Employed, Small Business, Corporation etc)Property Appraisal, Risk Analysis and Valuation Ratios related to Property and LoanTitle of Property and Verification, Title Insurance Policy and related checksVerification of Property Insurance Policy, Property Taxes and other Governmental clearancesAssessment of Credit Appraisal of the Borrower and getting third party reportsIncome sources of Borrower and repayment capacityExperience of the Borrower, Other properties of the borrower and verification Income Appraisal of property and Cash flows from property, Interest Calculations and repayment schedulesLoan Amount, Eligibility, Release Schedules and Related repayment scheduleWork on US Mortgage Post Closing & Exception Review ProcessExperience 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 neededEntering/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 EXPERIENCEA range of 2 – 4 years of experience in US Mortgage Origination ProcessShould have in depth knowledge of various mortgage documents reviewCredit 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, InsuranceMaster’s degree in finance, MBA, CFA, or other Finance DegreeAdvanced Excel SkillsLOCATION: 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 SEND APPLICATION TO: resume@
Job Title
Analyst – US Mortgage Loan Processing and Post Closing