Process Specialist - Mortgage Underwriting
- Cognizant
- 3 - 8 years
- Mumbai
- 4 months ago
- Email to a friend
- Report this job
Job Description
Role & responsibilities
- Analyze complete files, including Borrower creditworthiness and ability to repay, appraisal validity, collateral valuation and worthiness, title policies, and property insurance.
- Utilize automated underwriting systems such as Desktop Underwriter and Loan Prospector in order to assist in the execution of the duties and responsibilities of the role.
- Compare automated underwriting to specific loan-file criteria in order to determine whether waiver or deviation from suggested guidelines may be appropriate.
- Work with loan originators and production staff to acquire required documents in order to verify the income and employment details of the applicant, review the applicant's credit profile, analyze financial statements, and consider other information in order to act on loan and credit requests.
- Proficient in calculating income for salaried, self-employed, retirement, and pension, including other income.
- Examine loan documentation for accuracy and completeness and determine whether additional information may be required in order to make a credit decision.
- Examine and analyze assets, liabilities, income and debt information related to applicants, in order to make a credit decision.
- Prepare counteroffer proposals for customers and direct team member on acceptable standards for such proposals.
- Evaluate and review appraisal reports and collateral issues related to real estate in order to determine whether it may properly support the approval of a loan application.
Preferred candidate profile
- Minimum of 4-6 years in live, post-close, pre-close, prefund and due diligence underwriting experience for conventional and government in a retail environment.
- Strong Knowledge of Revere mortgage and non-QM underwriting experience.
- Strong knowledge of credit capacity, capital, and collateral.
- Proficiency with MS Excel, MS Word, Desktop Underwriter, Loan Prospector.
- Demonstrate high volume productivity.
- Must be detail oriented, organized and work efficiently under pressure.
- Excellent written and oral communication skills.
- Strong organizational and analytical skills.
- Willingness to work from the office during night shifts, including rotational shifts.
- Should be open to work from office
Interested candidates please share your resume to pr*******************n@co******t.com
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: BFSI, Investments & TradingRole Category: LendingRole: Credit AnalystEmployement Type: Full timeContact Details:
Company: CognizantLocation(s): Mumbai
Keyskills: Underwriting 4cs Credit Underwriting reverse underwriting live underwriter post closing underwriting 4c Pre Underwriting Live Underwriting Us Mortgage Underwriting Mortgage Underwriting Income Calculation credit underwriter Collaterals
Similar positions
Cognizant
Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and solutions that serve a wide range of market participants, including individual and institutional investors in public and priv...
Job Listings
We are in open beta version of website, please let us know if any issues, at: info(at)indigojobs.in