Post Closing (US Mortgage)

Job Title :

Company Name:

About The Client:

About The Job:

• A Post closer/underwriter is a financial professional who evaluates the risk involved in loan, mortgage, insurance, or securities applications with a focus on the 4 Cs involves evaluating loan applications based on four key criteria: Credit, Capacity, Collateral, and Capital.

Essential Job Functions:

Credit Analysis:

• Review applicants credit histories, including credit scores, payment histories, and outstanding debts.
• Assess creditworthiness and identify potential risks.

Capacity Evaluation:

• Analyse borrowers income and employment history.
• Calculate debt-to-income ratios to determine repayment ability.
• Evaluate stability and consistency of income sources.

Collateral Assessment:

• Appraise the value of the property or asset being used as collateral.
• Ensure the collateral meets the lenders standards and covers the loan amount.

Capital Verification:

• Verify the borrowers assets and savings.
• Assess the availability of funds for down payments and reserves.

Decision Making:

• Approve or deny loan applications based on comprehensive risk assessments.
• Recommend loan terms and conditions.

Documentation and Reporting:

• Maintain detailed records of all evaluations and decisions.
• Prepare reports summarizing findings and recommendations.

Qualifications

• Bachelors degree in finance, Accounting, Business Administration and Mathematics or Statistics
• Minimum 3 years of strong knowledge in US Mortgage Underwriting/Origination
• Knowledge of the 4 C's (Credit, Capacity, Collateral, and Capital) along with the ability to perform related calculations is mandatory.
• Should have good knowledge in reviewing the mortgage Documents in depth.
• Should have strong verbal and written communications.
• Ability to multitask, take new responsibilities and prioritize work in a deadline intensive environment.
• Ability to work in a deadline driven, fast paced, high production environment.

Preferred Skills:

• Familiarity with various mortgage loan types.
• Expertise in reviewing and interpreting various mortgage documents.

How to Apply:

Equal Opportunity Employer:

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