Verity Global Solutions provides support in US Mortgages and ITES.
Job Summary:
Minimum 1 year experience in US mortgage underwriting,
Experienced and well versed with Agency guideline (Fannie Mae/Freddie mac/HUD)
This positions directly reports to BPO Manager
Responsibilities include:
Perform mortgage credit analysis, with or without the assistance of an automated underwriting system to
determine Borrower’s willingness and ability to repay the mortgage debt.
Knowledge of FNMA, and FMLMC documentation and general guidelines/standards. Experience with FHA, VA and USDA is preferred, but not required.
Validate loan application and supporting documentation, and verify system of record reflects correct
information. Update system of record when required.
Review and validate: income, asset, credit, title, value and fraud reports.
Ensure all required property information is in system.
Confirm government required documents are complete and accurate.
Review title information, and purchase contract, if applicable.
Run and review quality control tools – i.e. Fraud Guard and Early Check.
Run, review and interpret DU/LP/GUS/Total Scorecard, when applicable.
Document system with all dates and information.
Underwrite: Conventional, Jumbo, FHA, FHA 203k, VA, and USDA underwritten loans must meet all quality
standards established by Fannie Mae, Freddie Mac, FHA, VA and USDA).
Maintain production standard goals as established by management.
Order and review MI based on loan program. Ensure that system of record matches MI certificate.
Approve/deny loans, and update the system accordingly
Underwrite loans when additional information has been received.
May occasionally be required to provide training for and mentoring team members
Answer and research general underwriting scenario and guideline questions via email and phone.
Complete all required underwriting, worksheet and checklists - i.e. Income Worksheet, QM/ATR checklist.
Assist in resolving branch post closing suspense issues.
Must be able to evaluate and analyze complex income tax returns to establish qualifying income.
Other duties as assigned
Calculate or validate income for self-employed borrowers or rental income.
Knowledge:
Competent with MS office knowledge
Experience in handling a team
Detailed Knowledge of Loan Origination Cycle- Loan Application, Processing, Underwriting, Closing, Knowledge of different types of mortgage and its functioning
Knowledge of functions of Title companies
Basic knowledge of Federal laws
Should be able to explain the importance of critical closing documents
Should be able to understand the various laws in different parts of US related to mortgage.
Skills & Ability:
Good verbal and written communication skills are required to understand and update comments and communicate with various stakeholders.
Eye for detail, reporting, people management, problem solving, handling escalations
Should have good analytical skills and have the ability to make decisions based on the situation.
