UW Analyst NON-QM

Company Name: VARITE India Private Limited

About The Client

Client is a global services company offering business and knowledge processing services to organizations seeking higher operational effectiveness, greater flexibility and lower operating costs. For over 21 years companies of all sizes have been relying on our capabilities to leverage the benefits of globalization and gain a competitive advantage. Client consists of several complementary business lines, each one intensely focused on serving the needs of its clients with technology-based, expert knowledge services while leveraging the overall resources of Client - operational excellence, global infrastructure and capital. With more than 80 enterprise clients, 15,000 SMB & SOHO customers, 1,000,000 retail customers around the world, our leadership team is known as “the pioneers of the Indian Business Process Outsourcing industry.

About The Job

• Non-Qualified Mortgage (Non-QM) Underwriting Analyst is to assess mortgage applications that fall outside the standard Qualified Mortgage guidelines.
• Their responsibilities include evaluating unique financial situations, verifying documentation, and customizing solutions for borrowers.
• Ultimately, they facilitate access to mortgage financing for those who don’t fit traditional QM criteria.
  
  

Essential Job Functions:

• Good exposure of the underwriting review of the Non-QM Loans.
• Well verse with Non-QM Products like 12/24 Months Bank Statements, ITIN Loans, ALT DOC Loans, and DSCR Loans.
• Interpret Non-QM Matrix & Guidelines accurately
• Complete review of the Borrower profile including credit, income, assets, collateral, compliance, employment and other lending risks such as interested party involvements
• Complete review of data consistency across the entire loan package to match system, AUS (DU/LP), Fraud Guard Reports or any other reports used to compliance or fraud checks
• Complete review of collateral including in depth analysis of appraisal reports, title commitment, fraud risk checks, insurances documents and sales contract
• Interpret credit policy guidelines and investor guidelines (all Client, FHLMC, CONVENTIONAL, FHA, VA & USDA) and apply them to specific loans for effective sale in the secondary market
• Maintain a working knowledge of all current underwriting guidelines, federal and state lending laws and has the ability to comprehensively explain all to others while processing the mortgage loan files
• Perform required analysis of Assets, Income and Credit to ensure borrower profile, transaction and properties meet the company’s lending criteria
• Stringently look for the Loan to Value (LTV), Debt to Income ratio (DTI) and Housing to Income ratio (HTI) ratios components in the mortgage loan files
• Effectively and quickly communicate any areas of concern with a loan file to mentors/supervisors
• Responsible for Credit and Income documenting all decisions to ensure each underwritten file meets the company’s credit quality criteria and individual loan product guideline
• Maintain compliance with all company policies and procedures - follow the standard income and assets calculator, fill the required tools and correctly documents the findings
• Demonstrate excellent customer service and professionalism.
• Should have very good writing skills with proper grammar and able to summarize requirements in short but clear format.
• Determining, documenting underwriting conditions, communicating requirements and decisions.
  
  

Other Responsibilities

• Meeting goals as per the defined key result areas
• Maintaining a track of daily processed transactions and reporting on a timely and accurate manner to Process Supervisor / Team lead
• To be abreast with all process updates on a timely manner
• Appearing and qualifying all periodic process assessments with defined benchmark scores
• Achieving daily productivity and quality targets
• Adherence to process SLA’s (ensure loan delivery SLA -Service level agreement is not missed)
  
  

Information security related roles responsibilities

• Strictly adhere to the process and floor info Sec policies at all times
• Implement and act in accordance with the organization’s information security policy
• Protect assets from unauthorized access, disclosure, modification destruction or interference
• Execute particular security processes or activities as may be assigned by the superior
• Be accountable and responsible for actions taken
• Report breach of security events or other security risks to the organization
  
  

Qualifications:

• Graduate and or Post Graduate
• Fulltime Science/ Commerce/B.SC IT graduates
• No gap in education and employment
• Medium of education English
• Ability to communicate clearly and effectively, both verbally and in writing, across a variety of audiences
• Ability to analyze and comprehend multiple documents
• 1st class in HSC and Graduation (> 60% Scores) from a reputed university
• Professional and effective interpersonal skills
• Previous US Mortgage underwriting experience in NON-QM is a must. Minimum 2 year experience required.
  
  

Behavioral Skills

• Meticulous Approach
• Industrious and diligent
• Poses work ethics and deliver results without need for being monitored
• Positive attitude and strong work ethics
• Ability to manage multiple tasks/projects and deadlines simultaneously
  
  

Requirement

• Self-motivated, with strong interpersonal skills
• Familiarity with MS Office Suite
• Typing speed of > 21 words per minute
• Excellent keyboard skills (knowledge of keyboard shortcuts)
• Good communication skills (written and verbal)
  
  

How to Apply: Interested candidates are encouraged to respond/submit their updated resumes, and for additional job opportunities, please visit Jobs In India - VARITE.

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: VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.

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.