TCS - Mortgage Underwriter (3-8 yrs)

TCS - Mortgage Underwriter (3-8 yrs)

About TCS :

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 56 years. Our consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through our unique Location Independent Agile- delivery model, recognized as a benchmark of excellence in software development.

- A part of the Tata group, India's largest multinational business group, TCS has over 601,000 of the world's best-trained consultants in 55 countries.

- Caution against fraudulent job offers-: TCS doesn't charge any fee throughout the recruitment process.

Job Domain : US Mortgage Underwriting

Location : Gandhinagar

Roles and responsibilities:

- Maintain monthly performance measurements: Timeliness, production goals, compliance/regulatory, and customer satisfaction.

- Maintaining service level standards, assisting in new-hire trainings, perform internal Quality check, providing floor support and feedback to other staff

Skill Requirements:

Technical/Functional Skills:

- 3-8 years of experience in underwriting of Residential loans

- Excellent Mortgage UW skills, knowledge and experience of property and credit underwriting requirements of FNMA & FHLMC.

- Good working knowledge of Mortgage Servicing

- Perform credit and property analysis on conventional loan files submitted within the time frame established by departmental management.

- Review all Underwriting documents like Income documents, Appraisals, Assets Documents, Credit report, closing documents and good knowledge of ratio calculations and other underwriting closing knowledge

Generic Managerial skills:

- Proven organizational skills and demonstrated ability to prioritize and multi-task.

- Good analytical, problem solving, organizational and communication skills needed.

- Maintaining service level standards, assisting in new-hire trainings, perform internal Quality check, providing floor support and feedback to other staff.

- Ability to effectively make decisions in an independent manner and availability as a resource advisor for all staff.

Job Requirement:

- 1 - 5 years of experience in US mortgage underwriting.

- Should have knowledge of full loan cycle, 4C's and income calculation.

- Experience in analyzing 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.

- Strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP).

- Exposure to the FNMA and FHLMC guidelines would be an added advantage.