Mortgage Loan Processor

3 weeks ago


Chennai, India Ara resources Full time

**About The Company**:
Mphasis is a leading IT solutions provider, offering Applications, Business Process

Outsourcing (BPO)and Infrastructure services globally through a combination of

technology know-how, domain, and process expertise. The accolades Mphasis has

been garnering can be attributed to their undeterred focus in delivering quality

solutions across verticals that meet the challenging requirements of their

esteemed customers. Mphasis Ltd has been recently felicitated by the Economic

Times as the most distinguished digital company 2015. They have also been

ranked 29 of 100 largest financial technology vendors by American Banker and BAI

in the FinTech Forward Top 100 rankings.

**The Role**:
**Loan Processor - Mortgage Loan**

**Key Responsibilities**:

- Strong knowledge of all the purchase documents
- Read, analyse and interpret mortgage documents such as HOI and Title HOI, VOE,

Payoffs, 4506T, Settlement & Title etc.
- Able to add exceptions for issues/errors in the closing documents
- Experience in appraisal review with all type of forms
- Maintain current knowledge and familiarity with current mortgage and compliance

laws and regulations.

credit and title to determine if subordination is needed, Order subordinations
- Review IFF for subordination incomplete, Review borrower information, purchase

agreements, and addendums.
- Review exceptions and alerts, Perform liability review, Order credit supplements,

Review vendor docs, Order VORs.
- Review third party documents, Review Condition management and Task level 3

conditions for UW, Complete ad-hoc requests for Caselinks, Review red flags and

appraisals, Re-run AUS, Verify assets, title commitment, and Power of Attorney for

all pages.
- Comprehensive understanding of credit underwriting guidelines for FNMA and

FHLMC for both purchase loans and refinances.

**Skills Required**:

- 2+ years of current experience in Financial Services with Loan Processing

experience required.
- Excellent customer service and communication skills.
- Able to deal with high volume processing.
- Comfortable working in US shifts.

**Qualifications & Experience**:

- Any Graduate
- 2+ years of current experience in Mortgage with Loan Processing experience

preferred

Pay: ₹400,000.00 - ₹500,000.00 per year

Schedule:

- Night shift
- Rotational shift

**Experience**:

- Loan processing: 2 years (required)
- Credit Underwrirting: 2 years (required)
- Loan Documentation: 2 years (required)
- US mortgage: 2 years (required)


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