Walk-in For US Mortgage Underwriting -16th Oct 25- Bangalore

Greeting from Infosys BPM Ltd.,

We are hiring candidates for US Mortgage- Underwriting Skill. Please walk-in for interview on 16th October 25

Note: Please carry copy of this email to the venue and make sure you register your application before attending the walk-in. Please use below link to apply and register your application. Please mention Candidate ID on top of the Resume ***

Process Lead- 4Yr to 8Yrs experience:

https://career.infosys.com/jobdesc?jobReferenceCode=PROGEN-EXTERNAL-228475

Interview details:

Interview Venue:

JP Nagar, Infosys BPM Limited., #785, Ground Floor Axis Sai Jyoti, 15th Cross 100 Feet Road, Sarakki, 1st Phase. J P Nagar, Bengaluru, Karnataka 560078. Landmark: Near Sindhoor Convention Centre (NOTE: No Candidate parking facility will be available

Documents and things to Carry::

• Carry a print out your updated resume;

• Carry any 2 photo Identity proof (PAN Card/Driving License/Voters ID card/Passport).

• All original education documents need to be available for verification. (10th, 12th, Graduation (Sem Wise Marksheet, CMM. Provisional and Original Degree)

• Candidates to carry mobile charger and ear/headphones to the hiring venue for in-person assessments and evaluations

Note:

Mandatory to carry- Smartphone with good front camera, charger and Headset for Assessment, Government ID proof Hardcopy.

Note:

Purpose of the Role:

The Underwriter will review all loan documents and data in a loan file with the goal of rendering an Underwriting decision based on the loan characteristics including but not limited to Borrowers ability to repay (income, employment and assets), borrowers credit history and the collateral (property). UWs are granted Lending Authority based on their experience and their performance on initial test cases. Once Lending Authority is received, they underwrite loans in accordance with regulatory requirements, Investor guidelines and overlays.

Areas of Responsibility:

• Underwrites mortgage loan applications and evaluates loans to maximize organizational profit and minimize risk or loss.
• Closely monitor individual processing pipeline, workload and volume levels for maximum balance and efficiency.
• Responsible for ensuring all documentation meets program and AUS requirements
• Reviews and validates income and asset documentation
• Reviews AUS findings
• Issues underwriting decision and notifications of clear to close
• Reviews all credit documentation
• Reviews and approves all Trusts
• Ensure adherence to any overlays
• Mortgage Insurance certs
• Issues Denials and 2nd tier manager reviews
• Suspend file if credit decisions are unable to be rendered
• Strong understanding of Desktop Underwriting (DU) and Loan Prospector (LP)
• Analyze Income & employment, credit strength, property appraisal, check over debt to Income (DTI) and Loan to value (LTV)and all other information pertinent to the credit decision process on each mortgage application, as presented by the applicant
• Underwriter to validate that a prospective mortgagors loan application adheres to the Investors, Secondary Investors (Fannie & Freddie) and guidelines of applicable government agencies to approve the loan
• Analyzing the risk involved in approving a loan to determine whether it is acceptable to the Investor or not
• Cite defects for any deficiencies observed on the loan.
• Verify accuracy of the supporting employment documents, source of down payment/ reserves, appraisal value and property title commitment received
• Review legal documents, if present, to ensure the accuracy & completeness
• Identify the mortgage insurance requirement (MI) and follow the MI guidelines, if applicable

Knowledge, Skills required for the role:

• The ideal candidate should have 36 months of experience of independently underwriting residential mortgage loans, expert analytical skills with DU & LP experience
• Should have minimum 24 months of Underwriting/Re-underwriting Mortgage experience in Conventional, FHA & VA loans (Government) products
• May require a bachelor's degree in area of specialty or a graduation degree for India operations and High School Diploma for US Operations
• Familiar with standard mortgage concepts, practices, and procedures within a particular field.
• Relies on limited experience and judgment to plan and accomplish goals
• Should have working knowledge with any Mortgage loan origination application.
• Excellent mathematical and statistical aptitude.
• A certain degree of creativity and latitude as expected.

Job Details:

Interview Location: JP Nagar

Work Location: Bangalore

Working days: 5 Days Work from Office

Week Offs: Weekly Rotational Offs

Qualification: Graduates & Post graduation

Designation: Process Lead

Job Level: 4B

Shifts: Night Shifts/ US Shifts (06:30 PM to 03:30 AM)

Experience: 4 Yrs to 8 Yrs

Immediate Joiners only

Pointers to note:

Please do not carry laptops/cameras to the venue as these will not be allowed due to security restrictions. Original Government ID card is must for Security Clearance

Regards,