US Mortgage Underwriter

Job Description

About Rexera:

Rexera is on a mission to transform the $36.2 trillion residential real estate industry. We&aposre building autonomous AI Agents that are streamlining real estate transactions, and we&aposre proud to be working with some of the leading Title & Escrow companies, Lenders, and Investors in the field.

Powered by recent advancements in AI, our proprietary data, and our team&aposs extensive real estate experience, we help our customers increase operational efficiency, decrease risks and costs, close more files, spend more time with their customers, and increase revenue through referrals.

We&aposre passionate about redefining real estate transactions, creating more efficient and effective processes for all stakeholders. If you&aposre excited about AI&aposs potential in real estate and want to be part of this innovative journey, we invite you to join our team.

Discover more about our mission and our impactful work at https://www.rexera.com/ and connect with us on LinkedIn at https://www.linkedin.com/company/rexera/mycompany/. Be part of the team that&aposs building the future of real estate, one AI-powered transaction at a time

Rexera was founded in 2020 and raised over $6 million in seed money from investors such as Inventus Capital, SVQuad, Dheeraj Pandey, and more. It is led by its co-founders Vishrut Malhotra (ex-BlackRock and AQR), Anton Tonev (ex-Morgan Stanley and AQR), and Atin Hindocha (ex-NetApp and BlackBerry). Rexera is headquartered in California and has offices in India and Bulgaria.

Job Summary:

As a US Mortgage Underwriter at Rexera, you will assess lender performance, ensure regulatory compliance, and manage financial risk. This role requires a solid background in underwriting US mortgages, knowledge of borrowers income and assets, and experience in reviewing escrow or condo documents.

Key Responsibilities:

Project Review and Analysis:

- Follows and complies with current Agency and Investor project guidelines to ensure standards are met for mortgages sold and delivered, secured by units within Condominium Projects for various investors; Fannie Mae, Freddie Mac, FHA, VA and various Jumbo investors, as well as Co-op Projects for Fannie Mae and Freddie Mac.
- Detailed review of condominium; questionnaires, financials, insurance, recorded legal documents, as well as review of litigation, ground leases, affordable housing, resale deed restrictions, and private transfer fees.
- Analyze and approve condominium projects per loan program parameters, such as Limited Review, Full Review of Established, New Construction for conventional, FHA and VA reviews.
- Communicates with the client for any decline or ineligible projects.

Compliance and Guidelines:

- Stay current with relevant guidelines, updates, and industry best practices.
- Ensure all project reviews adhere to current standards and regulatory requirements.

Training and Support:

- Assist in training junior analysts and team members on compliance guidelines and review processes.
- Provide support and expertise to internal teams as needed.

Desired Skills:

- Demonstrate advanced product knowledge of Condominium project standards for FHA, both SUA and Delrap, Conventional, and other loan programs, such as Jumbo investors.
- Attention to detail, highly organized, and can meet SLAs set by the company.
- Advanced ability to analyze complex condominium project documents such as CC&Rs, public offering, reserve studies, condominium insurance, and condominium plans.
- Ability to maintain an elevated level of professionalism, customer service, and communication with all parties involved in the loan cycle.
- Proficient with Encompass or other paperless mortgage loan origination systems.

Required Qualifications:

- 2+ years of experience in risk management, US Mortgage or Underwriting.
- Background in underwriting US mortgages with knowledge of borrowers income, assets, and appraisal.

Location: Bangalore (HSR Layout)

Other Requirements:

- Excellent verbal and written communication skills.
- Ability to work independently and manage multiple tasks effectively.
- Strong teamwork and interpersonal skills.
- High level of integrity and ethical standards.
- Must have a wifi-enabled laptop.
- Should be comfortable working in US shifts.

What do we offer you

If you want to invest in yourself and build a career, this is a great workplace. If you don&apost want to put in the effort to learn the industry and become a student of the business (it takes real effort), There are easier places to work.

We are looking for talented people who enjoy tackling hard problems and building impactful organizations to join our team. Everyone should tackle some great project at least once in their life - we hope you will find that Rexera is yours

If you are hard-working, like to learn, like to do, like to grow, are proactive, like to hold yourself and your team accountable, and want to be world-class at what you do, this will be an amazing opportunity for you. If you do not, you will probably not enjoy the way we operate.

Benefits And Perks:

We don&apost take a one-size-fits-all approach when it comes to our employees.

- Competitive compensation package with bonus opportunities
- Intellectually stimulating environment with colleagues in the US, Bulgaria, and India
- Ability to work from home.
- Ability to develop your career while having internal mobility and growth opportunities
- Paid time off, including vacation and sick time and paid holidays.

Want more details We can discuss the time of the offer

For more information, visit: www.rexera.com

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