VARITE INC
Location
Coimbatore | India
Job description
Qualification & Experience
· Degree or Equivalent
· 2 - 10 years of experience in PPR / Underwriting (2 years of experience is a must)
· Should be flexible working night shifts
· Good written and oral communication skills in English
· Work From Home/Remote .
. Notice Period - (15 - 30 days Max)
Roles and Responsibilities
· Review and analyze 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 mortgages and their 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 (Ability-to-repay/Qualified Mortgage), RESPA (Real Estate Settlement Procedures Act), TRID (TILA-RESPA Integrated Disclosures)
and mortgage compliance regulations
· Review all loan types including Conventional, FHA (Federal Housing Administration) , VA (Veterans Affairs) & USDA (U.S. Department of Agriculture)
· General knowledge of Client, 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.
About The Job:
The role of the Pre-Purchase Reviewer is to review the closed loan file documents and ensure that the loan closed according to the approval, meets all federal, state, local and investor requirements and that the data in the LOS matches the data in the mortgage loan documents. The position requires a thorough understanding and familiarity of both credit, income, assets and closing documents to complete the applicable review questions in the questionnaire and provide results to Client.
Job tags
Salary
