HCL MEGA DRIVE For UK Mortgage Underwriting -Navallur ,Chennai

HCL MEGA DRIVE FOR UK Mortgage Underwriting Analyst- on 13-Jan-24

PLEASE ATTEND ONLY IF YOU HAVE RELEVANT EXPERIENCE

Walk-in Details:

Date: 13-Jan-25

Timing : 11:00AM to 2:00 PM

HR Contact: Nandhinee/Deepthi

Designation: Analyst (2 to 5 Yrs Exp)

Interview location : HCL Navallur : HCL Technologies Ltd. ETA 3- Techno Park, Special Economic Zone, 33, Rajiv Gandhi Salai, Navallur Village and Panchayat, Thiruporur Panchayat Union, Navallur, Tamil Nadu 603103

Note: Looking for Immediate Joiners only

Designation: Analyst

Process: Uk Mortgage

Level of Experience (E0.3) : 2 Year and above in relevant field (With proper documents)

Qualification: Any Graduate

The Mortgage Underwriter will be responsible for ensuring that mortgages are underwritten within lending policy guidelines and will ensure that loan approval is within the risk appetite of the business in accordance with Clients quality control policies and procedures and accepted quality control standards.

Responsibilities:

• In depth knowledge of GSE, Fannie mae, Freddie Mac guidelines and requirements
• Should have good experience in Analyze Income & employment, credit strength, property appraisal, check over debt to Income (DTI) and Loan to value (LTV)and all other information pertinent to the credit decision process on each mortgage
• Authorizing and underwriting loans.
• Reviewing and verifying loan applications and supporting documentation.
• Review approved loans/insurance policies to ensure that all legal regulations, required conditions, and company policies are met
• Research all areas of an applicants financial background, including employment history, credit reports, and banking and asset information
• Analyzing loan risk and requesting additional information as necessary.
• Making loan eligibility decisions and approving or rejecting applications.
• Reviewing and specifying loan conditions as necessary.
• Ensuring compliance with regulatory standards, company policies and guidelines.
• Uncover any undisclosed debt, cash flow issues, or other missing financial information
• Analyze financial information and create comprehensive risk assessment reports for each applicant, communicating findings clearly with team members
• Preparing reports on assessment findings. Mitigate company lending/insuring risk by carefully analyzing applicants’ information and making strong recommendations based on findings
• Documenting and effectively communicating reasons for the approval/rejection of loans.
• Returning applications with additional documentation to the loan officer for review.
• Work seamlessly with loan processors/insurance agents and other team members to ensure a smooth, speedy application process for potential clients
• Ensure that all loan/policy applications and files are complete and accurate
• Proofread files before they are submitted for approval, correcting any errors and filling in any incomplete details

Requirements and Skills:

• Proven work experience as a Mortgage Underwriter
• Highly organized and able to prioritize.
• Excellent communication skills, both verbal and written.
• Detail-oriented with strong data analysis capabilities and the ability to clearly communicate findings through reports
• High mathematical aptitude.
• Good working knowledge of mortgage loan processing and relevant legal regulations.
• Proficiency in Microsoft Office and automated underwriting systems

Roles and Responsibilities:

• Review loan files for completeness and accuracy
• Confirm application information against all documents within the file
• Analyze all credit documents, including, but not limited to, mortgage applications, credit history and income documents, title documents, appraisals and all applicable compliance documents.
• Knowledge to validate that a prospective mortgagors loan application adheres to the Investors , Secondary Investors (Fannie & Freddie) and guidelines of applicable government agencies to approve the loan
• Should have experience in Income Calculations
• Should possess analytical skills in reviewing the LTV/CLTV
• Review the eligibility of Property, Borrowers
• Evaluate debt ratio, loan-to-value ratios, credit score, property valuation
• Identify risk factors, including fraud red flags to determine or verify misrepresentation
• Condition files for missing/ supporting documentation as needed
• Test system updates as well as system changes as they occur
• Complete required trainings and assessments
• Ensure the appropriate and confidential handling / sharing of sensitive client data.
• Ensure all policies, procedures and guidelines are followed.

Required Skills:

Experience in Post Close Review/Under Writing/Other areas of Mortgages

• Uk Mortgage Experience in Either Post Close Review/

Underwriting/Compliance/ Post offer Completion & Core Servicing

• In depth knowledge of GSE, Fannie Mae, Freddie Mac guidelines and requirements
• Should have recent experience in Analyze Income & employment, credit strength, property appraisal, check over debt to Income (DTI) and Loan to value (LTV)and all other information pertinent to the credit decision process on each mortgage application, as presented by the applicant
• Knowledge to validate that a prospective mortgagors loan application adheres to the Investors , Secondary Investors (Fannie & Freddie) and guidelines of applicable government agencies to approve the loan
• Good communication skills

* Good with Numerical abilities & Logical reasoning

* Exposure to MS Office

• Multi Tasking

Perks:

Shift: Night, 5 Days WFO (Mon-Fri 6:00 pm to 4:00 am IST)

Cab Facility:

Male – Both Pickup and Drop available within 25 kilometer from ETA Navalur location

Female - Both Pickup and Drop available

Willingness to work in night shifts is a must.

Perks and Benefits :

MNC

Cab facility (two way) (Upto 30 Kms Only)

Salary : great in the industry

Excellent working environment

Free Cab for female employees

International Trainers

World class exposure

How You'll Grow

At HCL Tech, we offer continuous opportunities for you to find your spark and grow with us. We want you to be happy and satisfied with your role and to really learn what type of work sparks your brilliance the best. Throughout your time with us, we offer transparent communication with senior-level employees, learning and career development programs at every level, and opportunities to experiment in different roles or even pivot industries. We believe that you should be in control of your career with unlimited opportunities to find the role that fits you best.

Why Us

We are one of the fastest-growing large tech companies in the world, with offices in 60+ countries across the globe and 222,000 employees.

Our company is extremely diverse with 165 nationalities represented.

We offer the opportunity to work with colleagues across the globe.

We offer a virtual-first work environment, promoting a good work-life integration and real flexibility.

We are invested in your growth, offering learning and career development opportunities at every level to help you find your own unique spark.