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| Job Location | Delhi |
| Education | Not Mentioned |
| Salary | Rs 3.5 - 8 Lakh/Yr |
| Industry | IT - Software |
| Functional Area | Investment Banking / M&ARisk / Underwriting |
| EmploymentType | Full-time |
Job descriptionGraduates with a minimum of 2 to 5 yrs months of US Residential Mortgage Default Claims experience. Desirable: US Mortgage Default Claims (Mandatory)The Pre-Funding Mortgage Default claims is responsible for auditing complete already underwritten file by identifying the credit risk, potential fraud, miscalculations and misrepresentations. The underwriter needs to ensure completeness, accuracy and consistency of documentation and data and ensuring file meets both lender as well as secondary market investors guidelines * US Residential mortgage Default claims/QA/QC experience * Strong understanding of Desktop Underwriter (DU) and Loan Prospector(LP) * Analyze income & employment, credit strength, property appraisal; check over debt to income (DTI) and Loan to Value (LTV) and all other information pertinent to the credit decision process on each mortgage application, as presented by the applicant * Underwriter to validate that a prospective mortgagors loan application adheres to the lenders, Investors (Freddie or Fannie Maes) and guidelines of applicable government agencies to approve the loan * Analyzing the risk involved in approving a loan to determine whether or not it is acceptable to the lender * Reviewing loan conditions and identifying gaps (if any) * Mark errors for any deficiencies observed on the loan * Verify accuracy of supporting employment documents, source of down payment/reserves, appraisal value and property title commitment received * Review of legal documents, if present, to ensure the accuracy & completeness * Identify the mortgage insurance requirement (MI) and follow the MI guidelines, if applicable.Additional responsibilities for the Pre-Funding Underwriter include: * Maintaining service level standards * Supporting Team Leader and other Team Members to deliver the optimum level of output * Responding to all emails efficiently Adhering to all process deadlinesPlease mail your updated resume to email id: lawrence@laconsultancy.inAlso furnish the following details:
Keyskills :
auditing joining default claims oanprospector secondarymarket creditrisk governmentagencies servicelevel mortgageinsurance usmortgage