Moder is Hiring For Trainer role in Chennai Location

About Us

Moder formerly known as Archwell Operations is a part of Archwell Holdings founded in 2017. We are a tech forward outsourcing company specializing in supporting the US Mortgage, Insurance, and Banking industries. We specialize in end-to-end component-based outsourcing, managing one-off projects to becoming an extension of the customer service or operations team. Our team is built on industry expertise and provides the traction clients need to grow their company.

Equipped with diverse tools, platforms, solutions, and services we strive to work towards our mission to positively impact the financial health of companies by powering in-house processes using top talent, workflow best practices, and progressive technology.

Link - https://www.gomoder.com/about-moder

Job Overview:

The role of the Pre-Purchase Reviewer is to review the closed loan file documents and ensure that the loan closed according to the approval, meets all federal, state, local and investor requirements and that the data in the LOS matches the data in the mortgage loan documents. The position requires a thorough understanding and familiarity of both credit, income, assets and closing documents to complete the applicable review questions in the questionnaire and provide results to Client.

Role & responsibilities

• Review and analyse the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
• Knowledge of Loan Origination Cycle- Loan Application, Origination, Due Diligence, Review or Underwriting process Pre-Purchase
• Knowledge of different types of mortgages and its functioning and ability to read various documents involved in Closing, Funding and Underwriting
• Review the loan documents using the Pre-Purchase Review checklist for completeness and accuracy.
• Strong knowledge of ATR/QM (Ability-to-repay/Qualified Mortgage), RESPA (Real Estate Settlement Procedures Act), TRID (TILA-RESPA Integrated Disclosures)

and mortgage compliance regulations

• Review all loan types including Conventional, FHA (Federal Housing Administration), VA (Veterans Affairs) & USDA (U.S. Department of Agriculture)
• General knowledge of Fannie Mae, Freddie Mac, FHA and VA guidelines a plus
• Add suspense conditions in a clear concise manner in LOS for any deficiencies noted as part of the above review.
• Strong Customer Service Skills, Detail Oriented with good analytical skills and the ability to make decisions based on the situation.

Qualification & Experience

Degree or Equivalent • 4 - 10 years of experience in Prepurchase Review

• Should be flexible working in night shifts • Good written and oral
communications skills in English.

Preferred candidate profile

• Ability to read various documents involved in Closing, Funding and Underwriting.
• Expertise in Origination, Due Diligence, Pre-Purchase Review or Underwriting process.
• Analysing Credit and Income
• Knowledge on Documents, Loan Origination Cycle
• Excellent knowledge on ATR/QM, RESPA, TRID and mortgage compliance regulations
• Should aware of Fannie Mae, Freddie Mac, FHA and VA guidelines
• Ability to make decision based on situation with Customer Service Skills

Contact Details:-

Amith/8248444597/amith.anbalagan2@gomoder.com