US Mortgage Processor
- Ara Resources
- 10 Positions
- Bengaluru
- 7 days ago
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Job Description
- Experience in Mortgage Operations / U.S. Mortgage Processing / Loan Processing / Closing Support / Post-Closing or Disclosure Operations.
- Hands-on experience with Encompass LOS.
- Strong understanding of:
- Loan Estimate (LE)
- Closing Disclosure (CD)
- COC
- escrow setup
- mortgage fees and credits
- funding readiness
- Experience validating mortgage-related documents and loan data.
- Excellent alpha-numeric data entry accuracy and attention to detail.
- Ability to work in a high-volume, deadline-driven environment.
- Ability to learn quickly and execute with minimal supervision.
- Strong communication and issue-resolution capability.
- Comfortable working in 24/7 rotational shifts, including nights and weekends.
- Experience in Correspondent Lending.
- Exposure to:
- FHA / VA loans
- agency loan workflows
- UCDP
- PMI / flood / title-related documentation
- Knowledge of mortgage compliance / disclosure testing controls.
- Experience with DataVerify, Lender Price, or similar mortgage ops tools.
Must-Have Qualifications - Experience in Mortgage Operations / U.S. Mortgage Processing / Loan Processing / Closing Support / Post-Closing or Disclosure Operations
Bachelors degree preferred (or equivalent relevant experience).
About the Client
ARAs Client Global Financial Services is a large multinational financial institution with a major operations footprint in India supporting global business lines, including consumer and operations functions. The firm has significant corporate centres in India and runs large-scale operations teams that support business-critical workflows across markets.
Role Summary
We are hiring a Loan Processor to support U.S. mortgage operations with a strong focus on fee capture, regulatory data accuracy, document validation, and milestone movement within Encompass (LOS).
This role is ideal for candidates with experience in mortgage processing, loan documentation, disclosure workflows, closing/funding support, and regulatory testing readiness. The selected candidate will play a critical role in ensuring that loan data, fees, disclosures, and supporting documentation are accurately reviewed, updated, and progressed to enable timely and compliant loan funding.
The role requires strong working knowledge of Loan Estimates (LE), Closing Disclosures (CD), Change of Circumstance (COC), escrow setup, fee balancing, and loan lifecycle controls.
Key Responsibilities
Data Entry & Document Validation:
Accurately input, review, and validate all required data and documents, including but not limited to Closing Disclosure (CD), Loan Estimate (LE), Change of Circumstance (COC), Flood Certificate, Private Mortgage Insurance (PMI) Certificate, Settlement Protection Letter (SPL), Uniform Collateral Data Portal (UCDP) Submission Summary Report (SSR), and FHA and VA documents.
Fee & Credit Management:
Add, verify, and differentiate feesincluding borrower-paid, seller-paid, lender- paid, and seller or lender credits; set up proper escrow amounts; and ensure that cash to or from the borrower aligns with the final Closing Disclosure (CD).
Disclosure & Condition Processing:
Identify, process, and validate disclosuresincluding Change of Circumstance (COC) and Intent to Proceed; add conditions; and manually create Loan Estimates (LE) and Closing Disclosures (CD) using Disclosure Tracking for regulatory testing.
Service Coordination & Issue Resolution:
Order services, create and manage work requests, and resolve milestone blockersincluding running DataVerify, repricing loans through Lender Price, and updating assessment types and AUS recommendations on agency loans.
Must-Have Skills
Nice-to-Have
Employement Category:
Employement Type: Full timeIndustry: BFSIRole Category: Risk / UnderwritingFunctional Area: Not SpecifiedRole/Responsibilies: US Mortgage ProcessorContact Details:
Company: Ara ResourcesLocation(s): Bengaluru
Keyskills: us mortgage loan origination disclosure loan processing
Ara Resources
Our client is the leading catalyst for digital transformation worldwide. Partnering with Fortune 500 companies, they deliver fast, end-to-end business and technology transformation solutions, with measurable results for clients across financial services, payments, retail, automotive, healthc...
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