US Mortgage (Post Closing)

Job Title

Location:

Experience Required:

Budget:

Role Type :

Shift:

Company Name:

About The Client

Providing Back-Office Support Services to the Financial Services Industry

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 C’s 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 lender’s standards and covers the loan amount.

Capital Verification:

• Verify the borrower’s 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

• Bachelor’s 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.

Shift Timings: US Shifts (Night Shift)

How to Apply:

Unlock Rewards: Refer Candidates and Earn.

If you're not available or interested in this opportunity, please pass this along to anyone in your network who might be a good fit and interested in our open positions. VARITE offers a Candidate Referral program, where you'll receive a one-time referral bonus based on the following scale if the referred candidate completes a three-month assignment with VARITE.

Experience Level Bonus Referral:

0-2 years INR 5,000

2-6 years INR 7,500

6+ years INR 10,000

About VARITE:

Equal Opportunity Employer:

VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status.