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342 Cognizant Jobs

Senior Process Executive - Live underwriting

3-8 years

₹ 1.9 - 6.8L/yr (AmbitionBox estimate)

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This is an estimate of the average salary range for this position. It has not been reviewed by the company, and the actual salary may differ.

Hyderabad / Secunderabad, Mumbai

1 vacancy

Senior Process Executive - Live underwriting

Cognizant

posted 1mon ago

Job Description

Roles and responsibilities

The process associate is expected to process items accurately and optimally in accordance with laid down procedures and maintain requisite standards of quality and productivity. He/she will report to the Team Leader, who will be the first point of contact for any issues, questions, or concerns.


Key Result Areas (KRAs)

Productivity:

  • Process associate is expected to meet or exceed the set / agreed target both during the training period and in the period following training.
  • The productivity targets will be revised based on the tenure and any such changes will be made known to the associate.

Quality:

  • Process associate is expected to meet and exceed the minimum quality benchmark according to the guidelines specified.
  • The quality targets will be revised based on the tenure and any such changes will be made known to the associate.

Feedback:

  • Senior Process associate/Process Expert is expected to be open and receptive to feedback and should view the feedback mechanism as a tool for constant self-improvement and process development

Desired Profile


  • 4+ years of Experience in end to end underwriting
  • Candidate should well verse with CFPB guidelines for mortgage underwriting, exposure in HUD handbook, Income calculations for salaried and self-employed borrowers, In-depth Credit report review which includes credit lines and liabilities calculations.
  • Candidate should have knowledge to prepare Modification worksheet, Title review(Lien & Judgement), Appraisal review, live underwriting.
  • Should have good knowledge in 4Cs
  • Document knowledge of hardship letter, bank statement, paystub, profit & loss, RMA etc.
  • Knowledge of forbearance, partial claim, deed -in- lieu & Shortsale process
  • Responsible for pipeline review and follow up with different teams.
  • Should be self-motivated and proactive
  • Candidate has to manage pipeline for own/team, regular follow up with other teams to get the documents like Title, appraisal etc. on time and avoid getting file in extension.
  • Internal quality check for loans worked by juniors and responsibility of new hire training
  • Good written and spoken communication skills.
  • Ability to work in Night & rotational shifts.

Interested candidates please share your profile to priyadarshini.narayanan@cognizant.com

.


Employment Type: Full Time, Permanent

Read full job description

Cognizant Interview Questions & Tips

Prepare for Cognizant Senior Processing Executive roles with real interview advice

Top Cognizant Senior Processing Executive Interview Questions

Q1. What’s breach? What happens if either party breaches a contract?
Q2. Tell us about NDAs/CDAs. What are the clauses?
Q3. What is a Purchase Order? Did you work on it?
View all 44 questions

What people at Cognizant are saying

3.7
 Rating based on 3.3k Senior Processing Executive reviews

Likes

Corruption everywhere in non technical. The Hyderabad team runs their own lobby only, they differentiate and being a lady employee I myself faced filthy behavior from my supervisor(i am.not mentioning his name here ) and when I was not willing to follow his nasty behavior and protested I was forced to leave the organization, they to..Read More

Dislikes

Explained already above

  • Skill development - Poor
  • +5 more
Read 3.3k Senior Processing Executive reviews

Senior Processing Executive salary at Cognizant

reported by 28.9k employees
₹1.8 L/yr - ₹9 L/yr
11% more than the average Senior Processing Executive Salary in India
View more details

What Cognizant employees are saying about work life

based on 50.2k employees
66%
87%
70%
73%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

Cognizant Benefits

Submitted by Company
Shape your career
Invest in yourself
Learn and grow
Keep current
Stay healthy
Give back
Submitted by Employees
Health Insurance
Cafeteria
Work From Home
Free Transport
Soft Skill Training
Job Training +6 more
View more benefits

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Cognizant Mumbai Office Location

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Mumbai Office
Cognizant, 12th & 13th Floor, "A" wing, Kensington Building, Hiranandani Business Park, Powai Mumbai
Maharashtra 400076

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