FinacPlus provides virtual business process services to various types of overseas clients and this position is to be part of the team which provides support to USA client from Mortgage Finance industry and looking to hire Finance Graduates / Postgraduates as Mortgage Analysts. RESPONSIBILITIES Should be able to read and analyze all deal related documentation, due diligence, and third-party reports. Manage the overall deal process and completion of all necessary tasks proactively, always within deadlines, being insightful, accurate and consistent. Should be able to understand the sizer template and basic UW guidelines. Ensure all completed work is saved and available to the entire deal team. Concisely and comprehensively communicate daily progress on work prioritized, work completed and items outstanding and necessary to move the deal forward to the deal team at least once, if not twice daily Be ready to consistently upgrade their technical knowledge and skills and change behaviors to improve performance. Work with your local manager and colleagues in a positive, constructive, professional, and open way, being prepared to listen, accept, and act on feedback. Support and assist the team. Acting as a Technical Coach and helping in developing others on the team. Understand key performance indicators and continuously work to exceed expectations. Perform any other tasks or projects as assigned. QUALIFICATIONS AND EXPERIENCE B. Com / BBA Post Graduate Degree in Finance, M.com, MBA etc., A range of 1.5 – 3 years of experience within a banking institution managing and underwriting a portfolio of commercial real estate loans with a focus on Freddie/Fannie/Bridge Lending Business relationship management skills and the ability to understand and anticipate the needs of respective business stakeholders. Demonstrate the ability to review contingencies. Strong knowledge of underwriting philosophy. SKILLS Strong Finance and Accounting skills, Loan Interest calculations, application of financial policies of the company. Excellent oral and written communication skills Ability to work independently and as part of a team. Strong Knowledge of MS Office applications. Strong Knowledge in using internet and web applications. QUALITIES Strong commitment to support overseas client with utmost care. Good team player with greater level of integrity Excellent communication skills to interact with customers and business partners of the client. Good team player with greater level of integrity, Maintains Strict confidentiality of Client’s Data and information. Self-Motivated and Tough task master. Quick learner and continuous learner of new technologies. LOCATION: Hi-Tech City, Hyderabad, TIMINGS: 1:00PM to 10:00PM IST SALARY RANGE: AS PER INDUSTRY STANDARD
Analyst – US Mortgage Compliance (HUD-1 and Alta) We provide virtual business process services to various types of overseas clients and this position is to be part of the team which provides Accounting support to USA client from Mortgage Finance industry. RESPONSIBILITIES Review & approve closing statements for each loan closing in various formats: HUD-1, Alta, Settlement Statement, Closing disclosure etc.. Will need to be able to calculate Escrow for taxes, insurance, and flood. Verify purchase price, interest, origination fees and other fees. Verify Loan fees, taxes, Insurance, HOI, Flood, payoff amounts, Make Entries in Excel,. These entries happen in multiple bank accounts and mostly focus on everything that happens during the life of the loan: Loan sales, fees paid and payoffs. Track, follow-up with Loan closers, Loan officers and Loan processors if required additional details to close the loan/ approve the HUD Work with the UW team, loan closers, Title companies for loan terms and loan fees. Keep loan tracking spreadsheet up to date using the application software. Able to calculate tax escrow Annual/ semi annual/ quarterly basis, search due date and tax amount in county website in needed Update and calculate HOI and Flood escrows , credit reports and verify bank statements , 401k accounts to ensure borrower has enough cash to close loan Review closing statements for loans, Work on other projects as needed. QUALIFICATIONS AND EXPERIENCE A range of 2 – 4 + years of experience in US mortgage legal compliance and post-closing Advanced Excel Skills like Pivot Tables, vlookups, hlookups, macros, etc., Business relationship management skills and the ability to understand the needs of business stakeholders. Demonstrate the ability to review contingencies, Strong knowledge of underwriting philosophy, techniques, filing regulations and guidelines, Excellent oral and written communication skills, including presentations to senior management, Bachelor's Degree in Finance, MBA, CFA, or other Post-Grad Degree a plus SKILLS Strong Finance and Accounting skills, Loan Interest calculations, application of financial policies of the company. Compliance with US Legal Regulatory Requirements related to client’s mortgage business Customer accounts reconciliation and Reporting, Implementation of strong Accounting Controls Advanced Excel customization skills, Report envisaging and presentation skills QUALITIES Strong commitment to support overseas client with utmost care. Excellent communication skills to interact with customers and business partners of the client. Good team player with greater level of integrity, Maintains Strict confidentiality of Client’s Data and information, Self-Motivated and Tough task master. Quick learner and continuous learner of new technologies. LOCATION: Hi-Tech City, Hyderabad, TIMINGS: USA Shift IST 5-30pm to 2-30am (EST 8am to 5pm)
As a Mortgage Analyst at FinacPlus, you will be an integral part of the team providing support to USA clients in the Mortgage Finance industry. Your role will involve analyzing deal-related documentation, conducting due diligence, and managing the overall deal process efficiently to ensure timely completion of tasks. Your ability to understand sizer templates and basic underwriting guidelines will be crucial in this role. It will be essential for you to communicate daily progress on work, prioritize tasks, and ensure that completed work is accessible to the entire deal team. You must be proactive in upgrading your technical knowledge and skills to enhance your performance continually. Collaboration with your local manager and colleagues in a positive and constructive manner, along with providing support to the team, will be key responsibilities. Your qualifications should include a Bachelor's degree in Commerce or Business Administration, along with a Post Graduate Degree in Finance such as M.Com or MBA. Ideally, you should have 1.5 to 3 years of experience in managing and underwriting commercial real estate loans within a banking institution, focusing on Freddie/Fannie/Bridge Lending. Strong knowledge of underwriting philosophy and business relationship management skills are essential for success in this role. To excel as a Mortgage Analyst, you must possess strong finance and accounting skills, including loan interest calculations and the application of financial policies. Excellent oral and written communication skills, the ability to work both independently and as part of a team, and proficiency in MS Office applications are required. Additionally, you should demonstrate a commitment to supporting overseas clients, exhibit integrity, and maintain strict confidentiality of client data and information. Your location for this role will be in Hi-Tech City, Hyderabad, with working hours from 1:00 PM to 10:00 PM IST. The salary range will be as per industry standards. If you are a self-motivated individual who is a quick learner, possesses excellent communication skills, and is dedicated to exceeding expectations, we invite you to join our team as a Mortgage Analyst at FinacPlus.,
You will be joining a dedicated team at FinacPlus that provides Mortgage Loan Management Services to Toorak Capital Partners from the Mortgage Finance Industry. Toorak Capital Partners is a leading integrated correspondent lending platform specializing in small balance business purpose residential, multifamily, and mixed-use loans in the U.S. and the United Kingdom. As a Draw Processing Analyst, your primary role will involve interacting with real estate developers (borrowers) and handling draw requests as per mortgage agreements. Your responsibilities will include maintaining client relationships, acting as a liaison between clients and the company for draw processing, resolving disputes, verifying construction progress, evaluating funding requirements, and communicating effectively with internal and external stakeholders to ensure project completion within budget and timelines. To qualify for this role, you should hold a Master's degree in finance or a related field, possess strong English language skills, have at least 5 years of customer-facing experience, and ideally, have knowledge of the mortgage and construction industries. Strong communication, analytical, organizational, and computer skills are essential for this position. This position is based in Hyderabad and offers a hybrid working model with working hours from 6:30 pm to 3:30 am IST. The salary range is competitive and will be the best in the industry. If you meet the qualifications and are interested in this opportunity, please send your application to resume@finacplus.com.,
Manager - Construction Project Assessment FinacPlus provides Virtual Business and Professional Services to overseas clients and this position is to be part of the dedicated team which provides Mortgage Loan Management Services to Toorak Capital Partners from Mortgage Finance Industry. About Toorak Capital Toorak Capital Partners is a multibillion-dollar integrated correspondent lending platform that funds small balance business purpose residential, multifamily, and mixed-use loans throughout the U.S. and the United Kingdom. Headquartered in Tampa, FL, Toorak Capital Partners acquires and manages loans directly from private lenders that originate high credit quality loans. Toorak Capital Partners’ principals have a deep understanding of mortgage credit in the residential and commercial space with backgrounds in real estate lending, capital markets, securitization, asset-liability management, asset management and credit. Toorak Capital Partners-funded projects have renovated or stabilized housing for more than 10,000 families to date – an average of more than 500 families every month. Position Overview Manager - Construction Project Assessment position analyzes and evaluates construction projects to determine whether the estimated scope, cost, and schedule are accurate to determine if reimbursement draw requests are warranted. Responsibilities Evaluates construction progress based upon on site pictures and submitted documentation to ensure the borrower(s) adhere to the original scope of work and compliance with the applicable codes and regulations. Serves as subject matter expert in support of draw management team by assigning percentage completion/construction progress to ensure appropriate release of funds using best practices. Assesses appropriateness of project schedule and milestones to ensure project completion prior to loan maturity. Assesses reasonableness of project labor requirements relative to the amounts budgeted. Considers construction methods being employed and determines cost-effectiveness relative to project budget. Communicates with leadership and stakeholders on the status of projects, raises awareness regarding thematic concerns to ensure the on-time and on-budget completion of projects. Critically evaluates the photos and other submitted documentation procured on-site to assess project status and assign completion percentage across all trades. Maintains open communication lines with the external stakeholders: loan originators and the borrowers, as needed. Qualifications Bachelor’s degree in architecture or civil engineering, master’s degree preferred. Licensed Architect who passed the AAT/ARE exam conducted by the Council of Architecture, or a Chartered Civil Engineer with the chartered engineer certificate from the Institution of Engineers-Not a Must 6-8 Years Project management and On-site experience in the construction site strongly preferred. Ability to interact successfully with owners, developers, and contractors through the various phases of planning, budgeting, and construction. Adept at identifying areas of risk and exposure when analyzing a project status. Superior organizational skills. Proficient with computer hardware and software including MS Office and MS Project. Strong Microsoft Excel skills required and must have the ability to summarize and present data efficiently. LOCATION: Hyderabad TIMINGS: 6:30pm to 3:30am IST SALARY RANGE: Best in Industry
As a part of our team providing Healthcare Industry Data Collection and Research support to a US Based company specializing in healthcare commercial intelligence, your role will involve communicating directly with healthcare providers to verify and confirm executive contacts and titles. You will be responsible for updating C-Level executive data in directories, confirming correct spellings of names and designations, and entering all information accurately into databases. Regular communication with team leader/management/team members on project status and work assignments is essential. To excel in this role, you should be a passionate individual with 4-5 years of experience in calling roles, demonstrating high productivity and quality. Strong oral and written communication skills, proficiency in Microsoft Office and similar applications, and a degree in Finance/commerce, MBA, CFA, or any Post-Graduate Degree are required. Key skills for success in this position include the ability to handle conversations with U.S.-based healthcare providers, understanding healthcare terminology, strong analytical and problem-solving abilities, working effectively in team and individual settings, keen attention to detail, excellent interpersonal and communication skills, and readiness to work in US Shift timings. Location: Hyderabad, India Timings: IST 6.30 PM to 3.30 AM Salary Range: Best in Industry If you meet the qualifications and are excited about this opportunity, please send your application to resume@finacplus.com.,
Analyst – US Mortgage Loan Servicing We provide virtual business process services to various types of overseas clients and this position is to be part of the team which provides Asset and Portfolio Management support to USA client from Private Hard Money Mortgage Lending industry. RESPONSIBILITIES v Assist Servicing Manager in the following Onboarding of loans with Client’s 3rd Party Servicer Assisting in note / mortgage loan selling process Preparing Mortgage Loan assignments and releases v Daily Loan Maintenance New Loan Setup Audit § Review ACH forms for completeness § Quality Control Audit of new loans on-boarded in loan servicing system § Tracking of corrections, Tracking trailing documents Billing / Payments § Maintain customer accounts in the loan servicing system § Post transactions – Payments, Fees, NSF payments § Update loans servicing system - Property Releases, Interest Rate changes § Review and Process Monthly Billing Statements Process Payoff Letter Requests Balance loan servicing system to accounting systems (general ledger accounts) v Collateral Monitoring Home Owners / Liability / Flood Insurance § Run Expired Report, Process Cancelations, Maintain Information in loan servicing system § Escrow Insurance & process as needed, Inform manager and others when insurance needs to be force placed Property Tax Obligations § Monitor 3rd party Tax Reports, Maintain Information in loan servicing system § Escrow Taxes & process as needed, inform manager and others when taxes are delinquent. v Migrate entire loan portfolio onto new software Liquid Logics and work closely with onshore managers and the Liquid Logics team to roll out that software. v Responsible for maintenance of orderly electronic collateral files and tracking chain of custody for all assets so loans can be pledged to our lender. QUALIFICATIONS AND EXPERIENCE A range of 4 - 6+ years of experience in US mortgage loan servicing experience Experience in using Loan Servicing Software and Platforms Bachelor's Degree in Finance, MBA, CFA, or any other Post-Grad Degree in Finance a plus Advanced Excel Skills like Pivot Tables, vlookups, hlookups, macros, etc., LOCATION: Hi-Tech City, Hyderabad, TIMINGS: IST 5:30pm to 2:30am SALARY RANGE: Best in Industry
As an Analyst in Mortgage Bookkeeping and Accounting, you will be a vital part of our team dedicated to providing accounting support to a global investment management company. Your responsibilities will include ensuring the accurate and timely recording of journal entries in compliance with US accounting regulations and company policies using Accounting Software Applications. You will be tasked with daily reconciliations of cash movements across banking records, loan records, and the general ledger. Additionally, monthly reconciliations of key balance sheet accounts will be necessary to maintain alignment between various external records and the general ledger, such as Asset Management System, Bank Records, and Servicer Records. Embracing new general ledger accounting software will be essential, as you identify opportunities to automate, digitize, and enhance existing accounting processes. Furthermore, your role will involve supporting annual audit and quality review activities conducted by external auditors. The ideal candidate for this position will possess 1-2+ years of experience in US Mortgage accounting, with a strong familiarity with NetSuite online. Proficiency in Advanced Excel Skills, including Pivot Tables, vlookups, hlookups, macros, etc., is required. Excellent oral and written communication skills are essential, as you may be called upon to deliver presentations to senior management. While a Bachelor's Degree in Finance, MBA, CFA, or any other Post-Grad Degree is advantageous, the ability to work under pressure on time-sensitive and data-intensive recurring tasks remains crucial. Your strong attention to detail and organizational skills will be put to the test in this dynamic role. This position is based in Hi-Tech City, Hyderabad, with working hours from IST 5:30 pm to 2:30 am. The salary range offered is the best in the industry, reflecting our commitment to attracting top talent in the field.,
SME– US Mortgage Loan Servicing We provide virtual business process services to various types of overseas clients and this position is to be part of the team which provides Asset and Portfolio Management support to USA client from Mortgage Finance industry. RESPONSIBILITIES v Daily Loan Maintenance New Loan Setup Audit § Review ACH forms for completeness § Onboard new loans and Quality Control Audit of new loans on-boarded in loan servicing system § Tracking of corrections, Tracking trailing documents § Coordinate with Third Party Loan Servicing companies Billing / Payments § Maintain customer accounts in the loan servicing system § Post transactions – Payments, Fees, NSF payments § Update loans servicing system - Property Releases, Interest Rate changes § Review and Process Monthly Billing Statements Process Payoff Letter Requests Balance loan servicing system to accounting systems (general ledger accounts) v Collateral Monitoring Home Owners / Liability / Flood Insurance § Run Expired Report, Process Cancelations, Maintain Information in loan servicing system § Escrow Insurance & process as needed, Inform manager and others when insurance needs to be force placed Property Tax Obligations § Monitor 3rd party Tax Reports, Maintain Information in loan servicing system § Escrow Taxes & process as needed, inform manager and others when taxes are delinquent v Foreclosure & Special Servicing Monitor loans in default, bankruptcy, or foreclosure status Coordinate with legal counsel and third-party vendors for foreclosure timelines and documentation Update and maintain foreclosure status in the servicing system Ensure compliance with regulatory timelines and internal servicing standards Track loss mitigation activities, workout plans, and related borrower communication v Legal Expense Tracking Monitor and record legal expenses related to foreclosure, litigation, and other special servicing activities Ensure proper allocation of legal fees to borrower accounts or expense ledgers Reconcile legal expense reports with servicing and accounting systems Collaborate with finance and legal teams for accuracy and compliance QUALIFICATIONS AND EXPERIENCE A range of 4+ years of experience in US mortgage loan servicing experience Advanced Excel Skills like Pivot Tables, vlookups, hlookups, macros, etc., Demonstrated ability to handle loan contingencies and documentation review Familiarity with foreclosure timelines, legal documentation, and expense reconciliation Business relationship management skills and the ability to understand the needs of business Demonstrate the ability to review contingencies, Strong knowledge of underwriting philosophy, techniques, filing regulations and guidelines, Excellent oral and written communication skills, including presentations to senior management, Bachelor's Degree in Finance, MBA, CFA, or other Post-Grad Degree a plus LOCATION: Hi-Tech City, Hyderabad, TIMINGS: USA Shift IST 5-30pm to 2-30am (EST 8am to 5pm) SALARY RANGE: Best in Industry
As a Backend Intern at FinacPlus, you will have the opportunity to be part of a dedicated team that provides mortgage back-office services and software product development to Toorak Capital Partners from the Mortgage Finance Industry. Toorak Capital Partners is an integrated lending platform that funds small business purpose residential, multifamily, and mixed-use loans throughout the U.S. and the United Kingdom. Your responsibilities will include working as a Backend Developer to develop Cloud-Based Web Applications and collaborating with the team on various types of web applications related to Mortgage Finance. You will be expected to leverage your expertise in AWS Cloud Infrastructure and Microservices architecture, including AWS services like Lambdas, SQS, SNS, and MySQL Databases, along with Dockers and containerized solutions/applications. Additionally, you should be experienced in Relational and No-SQL databases and scalable design, with a focus on developing elegant, maintainable code to solve challenging problems. As part of this role, you will play a key role in making decisions regarding the product and technology direction, contributing actively to the adoption of frameworks, standards, and new technologies. Qualifications and experience required for this position include Node.js & React experience, working on large-scale products delivered on microservices, strong design skills on microservices and AWS platform infrastructure, programming proficiency in Python, Node.js, and Java, hands-on development in rest APIs, and a good understanding of distributed systems, scalability, and availability. This internship opportunity is based in Bangalore and has a duration of 6 months with a stipend of Rs. 50,000 per month. The role offers the possibility of conversion to full-time based on performance during the internship. The working hours are from 11 am to 8 pm IST.,
As an Analyst in US Mortgage Underwriting (Pre) at FinacPlus, you will be part of a team providing Mortgage Underwriting Services to clients in the Private Mortgage Lending industry in the USA. **Key Responsibilities:** - Work on US Mortgage Pre Underwriting Process - Examine and evaluate documents such as Credit & Background reports, Loan application forms, financial statements, entity documents, and all processing documentation. - Possess knowledge of all aspects of real estate including underwriting valuation, purchases/sales, due diligence, and legal, title, and escrow documentation. - Understand property appraisal reports, insurance, title review, and various facets of a construction loan from small renovations to ground-up construction. - Interface with all departments to gather further information, quote rates, present proposals, and explain company underwriting policies. - Verify market comparables for both rental values and property sale values. - Develop and maintain an up-to-date knowledge of multiple loan product guidelines offered by the company and risk assessment tools used to decision loans. - Demonstrate the ability to assess risks and present recommendations to senior management for approval. **Qualifications and Experience:** - 2-4 years of experience in US Mortgage 12M/30 Year Loan Underwriting - Proficient in reviewing and analyzing Property Appraisals. - Strong knowledge of guidelines related to Fannie Mae and Freddie Mac. - Excellent oral and written communication skills, including presenting to senior management. - Bachelor's degree in finance, MBA, M. Com, or other post-Grad Degree in Finance is a plus. - Advanced Excel Skills The location of this position is in Hi-Tech City, Hyderabad. The work timings are from IST 5:30 pm to 2:30 am. The salary range offered is the best in the industry. If you are interested in this opportunity, please send your application to resume@finacplus.com.,
Manager - Construction Project Assessment FinacPlus provides Virtual Business and Professional Services to overseas clients and this position is to be part of the dedicated team which provides Mortgage Loan Management Services to Toorak Capital Partners from Mortgage Finance Industry. About Toorak Capital Toorak Capital Partners is a multibillion-dollar integrated correspondent lending platform that funds small balance business purpose residential, multifamily, and mixed-use loans throughout the U.S. and the United Kingdom. Headquartered in Tampa, FL, Toorak Capital Partners acquires and manages loans directly from private lenders that originate high credit quality loans. Toorak Capital Partners’ principals have a deep understanding of mortgage credit in the residential and commercial space with backgrounds in real estate lending, capital markets, securitization, asset-liability management, asset management and credit. Toorak Capital Partners-funded projects have renovated or stabilized housing for more than 10,000 families to date – an average of more than 500 families every month. Position Overview Manager - Construction Project Assessment position analyzes and evaluates construction projects to determine whether the estimated scope, cost, and schedule are accurate to determine if reimbursement draw requests are warranted. Responsibilities Evaluates construction progress based upon on site pictures and submitted documentation to ensure the borrower(s) adhere to the original scope of work and compliance with the applicable codes and regulations. Serves as subject matter expert in support of draw management team by assigning percentage completion/construction progress to ensure appropriate release of funds using best practices. Assesses appropriateness of project schedule and milestones to ensure project completion prior to loan maturity. Assesses reasonableness of project labor requirements relative to the amounts budgeted. Considers construction methods being employed and determines cost-effectiveness relative to project budget. Communicates with leadership and stakeholders on the status of projects, raises awareness regarding thematic concerns to ensure the on-time and on-budget completion of projects. Critically evaluates the photos and other submitted documentation procured on-site to assess project status and assign completion percentage across all trades. Maintains open communication lines with the external stakeholders: loan originators and the borrowers, as needed. Qualifications Bachelor’s degree in architecture or civil engineering, master’s degree preferred. Licensed Architect who passed the AAT/ARE exam conducted by the Council of Architecture, or a Chartered Civil Engineer with the chartered engineer certificate from the Institution of Engineers. 6-8 Years Project management and On-site experience in the construction site strongly preferred. Ability to interact successfully with owners, developers, and contractors through the various phases of planning, budgeting, and construction. Adept at identifying areas of risk and exposure when analyzing a project status. Superior organizational skills. Proficient with computer hardware and software including MS Office and MS Project. Strong Microsoft Excel skills required and must have the ability to summarize and present data efficiently. LOCATION: Hyderabad TIMINGS: 6:30pm to 3:30am IST SALARY RANGE: Best in Industry SEND APPLICATION TO: resume@finacplus.com
As a Manager - Construction Project Assessment at FinacPlus, you will be responsible for analyzing and evaluating construction projects to ensure the accuracy of scope, cost, and schedule, thereby determining the necessity of reimbursement draw requests. Your role will involve assessing construction progress, project schedules, labor requirements, and cost-effectiveness to ensure timely and on-budget completion of projects. Additionally, you will serve as a subject matter expert supporting the draw management team and maintain open communication with external stakeholders. **Key Responsibilities:** - Evaluate construction progress through on-site pictures and documentation to ensure adherence to the original scope of work and compliance with codes and regulations. - Assign percentage completion/construction progress to facilitate appropriate release of funds. - Assess project schedules, milestones, labor requirements, and construction methods for cost-effectiveness. - Communicate project status to leadership and stakeholders, highlighting thematic concerns for timely project completion. - Evaluate photos and documentation to determine project status and completion percentage across trades. - Maintain communication with loan originators and borrowers as necessary. **Qualifications:** - Bachelor's degree in architecture or civil engineering, with a master's degree preferred. - Licensed Architect or Chartered Civil Engineer with relevant certifications. - 6-8 years of project management and on-site experience in construction strongly preferred. - Ability to successfully interact with owners, developers, and contractors throughout project phases. - Proficiency in MS Office, MS Project, and strong Microsoft Excel skills. - Superior organizational skills and the ability to identify areas of risk and exposure in project analysis. FinacPlus provides Virtual Business and Professional Services to overseas clients and collaborates with Toorak Capital Partners in Mortgage Loan Management Services. Toorak Capital Partners is a multibillion-dollar lending platform with a deep understanding of mortgage credit, funding small balance business purpose loans in the U.S. and the United Kingdom. Their projects have positively impacted thousands of families. If you meet the above qualifications and are interested in joining our team, please send your application to resume@finacplus.com. This position is based in Hyderabad with timings from 6:30pm to 3:30am IST. The salary range offered is competitive and considered the best in the industry.,