Analyst – US Mortgage Loan Processing and Post Closing_CCG

#RESPONSIBILITIES

·        To Work on US Mortgage Hard Money Loan Origination, Loan Processing, Pre‐Underwriting, Post Closing

·        Responsible for Mortgage Loan Process and help Underwriter in evaluating loans

·        Responsible to get all Documents from Potential Borrower or a Broker

·        Review and audit of documentation as per checklist and ensure completeness of loan file

•        KYC documents of the Borrower (Employee, Self Employed, Small Business, Corporation etc)

•        Property Appraisal, Risk Analysis and Valuation Ratios related to Property and Loan

•        Title of Property and Verification, Title Insurance Policy and related checks

•        Verification of Property Insurance Policy, Property Taxes and other Governmental clearances

•        Assessment of Credit Appraisal of the Borrower and getting third party reports

•        Income sources of Borrower and repayment capacity

•        Experience of the Borrower, Other properties of the borrower and verification

•        Income Appraisal of property and Cash flows from property, Interest Calculations and repayment schedules

•        Loan Amount, Eligibility, Release Schedules and Related repayment schedule

·        Work on US Mortgage Post Closing & Exception Review Process

•        Experience in working on clearing Post Closing exceptions by understanding the requirement or comments provided by the investors and responding back accordingly.

•        Sound knowledge in Post Closing Documents such as Mortgage Note, Deed of Trust, Credit & Background reports, Bank Statements, entity documents, purchases/sales, property appraisal reports, insurance, title review, and multiple facets of a loan products – from Fix N Flips. 30YR to ground‐up construction.

•        Experience in preparing and due diligence of date audit tapes comprising of multiple checkpoints and verifying with mortgage documents will be adding advantage.

•        Demonstrated ability to assess risks with experience presenting recommendations to senior management for approval.

·        Effective communication by email, by phone, and obtains the proper documentation needed

·        Entering/updating data in LOS and Preparing a Excel sheet that is used to ensure the loan fits the guidelines of loan buying partners.

• A range of 2 – 4 years of experience in US Mortgage Origination Process
• Should have in depth knowledge of various mortgage documents review
• Credit analysis based on borrower's Income, Asset & Liability (3C of Underwriting) to determine the credit worthiness of a customer, Collateral Documents like Property Appraisal, Project Completion Report, Phase I, documents relating to Tax Certificates, Insurance
• Master's degree in finance, MBA, CFA, or other Finance Degree
• Advanced Excel Skills