Lead Analyst, Underwriting Support, Consumer Direct APAC

POSITION SUMMARY: 

 

The Underwriter reviews, conditions, and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

 

JOB FUNCTIONS AND RESPONSIBILITIES

 

1. Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor and the company.
2. Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
3. Provides final approval underwriting of mortgage loans – Conventional, Correspondent, FHA, VA, Reverse.
4. Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.
5. Sign off conditions in a timely manner set by management.
6. Work with staff and management to find solutions on escalated loans. May be requested to make recommendations for improving Internal Audit’s policies and practices.
7. Manage loans by using all functions of Encompass.
8. Effectively communicate underwriting decisions with processors and advisors
9. Maintain high level of customer service and communication with other departments.

1. Other duties as assigned.

 

EDUCATION / EXPERIENCE

 

1. Bachelor’s degree or equivalent of fifteen years of education mandatory
2. Minimum of 1 years of experience in Mortgage Underwriting with thorough knowledge of Financial and nonfinancial supporting documentation, Income calculations, Asset/ Liabilities & Appraisal verification, Credit report review.
3. Knowledge about risk and compliance in Lending especially the FNMA & FHLMC Underwriting standards.
4. Knowledge about Underwriting procedures of Conventional, Correspondent Lending, Reverse mortgage, FHA, VA (Government loans) underwriting 

 

WORK SCHEDULE OR TRAVEL REQUIREMENTS 

 

Ready to do any shifts including night shift as per Business unit requirements.

Ready to travel to office for training and other learning work related activities as per Business unit requirements.

Ocwen Financial Solutions Private Limited is a wholly-owned subsidiary of Onity Group Inc., a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage.

PHH Mortgage is one of the largest servicers in the United States, focused on delivering a variety of servicing and lending programs. Liberty is one of the largest reverse mortgage lenders in the U.S., dedicated to education and providing loans that help customers meet their personal and financial needs. Onity Group Inc. and its subsidiaries are committed to helping homeowners and delivering exceptional service and value to customers, clients and investors.

At Onity Group Inc., we consistently deliver on our commitments to customers, clients, investors and colleagues through caring service, integrity and creative solutions. This Service Excellence philosophy is embraced by meeting service standards we call CARE, which stands for Caring, Accurate, Responsive and Empowered. We expect all employees to interact and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our CARE standards.

Onity Group Inc. is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity, Equity & Inclusion ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know. Visit jobs.onitygroup.com for details.