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Pre purchase reviewer


VARITE INC


Location

Bangalore | India


Job description

Company Description

VARITE provides contract and permanent staffing services to Fortune 100 companies in the USA, with operations in the USA, UK, Canada, and India. We work with leading technology, financial, automotive, defense, energy, pharmaceuticals/life sciences, semiconductor, and engineering companies to provide software consulting, team augmentation, and key business process outsourcing.

Job Roles and Responsibilities:

 Review and analyse the mortgage loan application to ensure eligibility, accuracy, completeness, and 

compliance with internal and regulatory guidelines to minimize risk factors.

 Knowledge of Loan Origination Cycle- Loan Application, Origination, Due Diligence, Pre-Purchase 

Review or Underwriting process

 Knowledge of different types of mortgage and its functioning and ability to read various documents 

involved in Closing, Funding and Underwriting

 Review the loan documents using the Pre-Purchase Review checklist for completeness and 

accuracy

 Strong knowledge of ATR/QM, RESPA, TRID and mortgage compliance regulations

 Review all loan types including Conventional, FHA, VA & USDA

 General knowledge of Fannie Mae, Freddie Mac, FHA and VA guidelines a plus

 Add suspense conditions in a clear concise manner in LOS for any deficiencies noted as part of the 

above review

 Strong Customer Service Skills, Detail Oriented with good analytical skills and the ability to make 

decisions based on the situation.

Qualification & Experience

 Degree or Equivalent

 2 - 10 years of experience in PPR / Underwriting

 Should be flexible working in night shifts

 Good written and oral communications skills in English 


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