Analyst/Sr. Analyst – Mortgage Processing - UNDERWRITING

About the job

About Firstsource: Firstsource Solutions is a leading provider of customized Business Process Management (BPM) services. Firstsource specialises in helping customers stay ahead of the curve through transformational solutions to reimagine business processes and deliver increased efficiency, deeper insights, and superior outcomes. We are trusted brand custodians and long-term partners to 100+ leading brands with presence in the US, UK, Philippines, Mexico and India. Job Title: Analyst/Sr. Analyst – Mortgage Processing - UNDERWRITING Grade: H1/H2 Job Category: Analyst/Sr. Analyst Function/Department: Operations Reporting to: Team Leader Role Description: Ability to perform the Quality Check on the Origination Underwriting process with effective sampling methods to check the quality of production and identify areas of improvement. Roles & Responsibilities (Indicative not exhaustive): Performed a key role in underwriting, reviewed 4C’s of Underwriting (Credit, Capacity, Capital and Collateral) documents to take decision on the loan whether the borrower is eligible for a loan or not, as per Fannie/Freddie & respective client guidelines. Credit - In Credit report, we verify Borrower Name, SSN, Credit Score, Public records, Inquiries, Address Discrepancy within last 24 Months and Additional SSN. Reconcile the liabilities from the Credit report and verify any mortgage late within 12 months. Capacity – Ability to re-pay. We calculate Salaried, Self-employment and Other income. Salaried income will be calculated from Pay stub, W-2 and verification of Employment. Self-Employment income will be calculated from Tax returns (1040). Other income will be calculated from supporting documents. Capital – Overall financial strength of a Borrower. Here we verify the asset statements of the borrower and calculate the asset. Collateral - We will review the appraisal report and we will make Decision - Finally, based on 4 C’s, we recommend a decision to our client. Key Results • External Performance Measurements- ask relevant external groups to evaluate various program activities – usually through surveys of individuals within these groups – related to the services they have experienced. • Internal Performance Measurements- used to assess and monitor the internal operation of an organization.

Requirements

• Quality Check
• Underwriting
• Credit Analysis
• Capacity Calculation
• Customer Service Skills

Qualifications

• Minimum HSC (12th) passed
• Any Graduation

Preferred Technologies

• Quality Check
• Underwriting
• Credit Analysis
• Capacity Calculation
• Customer Service Skills

About the company

Firstsource Solutions is a leading provider of customized Business Process Management (BPM) services. Firstsource specialises in helping customers stay ahead of the curve through transformational solutions to reimagine business processes and deliver increased efficiency, deeper insights, and superior outcomes.