Underwriting Analyst 3

Company Description

ARE YOU READY TO WORK AT ALTISOURCE?

• Are you a natural helper who loves working through people’s problems to find the best solution?

• Are you a quick learner who is self-motivated and able to work well independently as well as on a team?
• Are you interested in working on a new product where you can make an immediate impact?

If so, nice to meet you; we are Altisource! We are seeking energetic, highly skilled self-starters who thrive in a dynamic and fast-paced environment. We offer challenging work and great colleagues as well as career development opportunities.

 We are looking for a Mortgage Loan Underwriter with a passion for the mortgage industry to develop and manage client relations the Altisource umbrella. This is a great time to join the team and be a part of a growing and stable organization.

Job Description

Job Title: Underwriting Analyst

Job Description

• Maintain a working knowledge of US Mortgage Originations, closing procedures, federal and state lending laws.
• Must have good working knowledge of all 4C’s of underwriting.
• Experience in end-to-end underwriting of Conventional loans.
• Must have strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP).
• Sound knowledge of Fannie Mae & Freddie Mac Guidelines.
• Interpret state rules, statute laws, federal regulations & investor guidelines and apply them to specific loans.
• Review loan file for compliance with all regulatory and client’s guidelines/overlays
• Analyze income & employment, credit strength, capacity to repay, property appraisal, title report; calculate and analyze LTV/CLTV/HCLTV/DTI/HTI, check all other information relevant to the credit decision process on each mortgage application.
• Calculate all types of income (Wage earner/self-employment/Other income etc.).
• Good decision maker in identifying all types of red flags and Approving or Denying the file accordingly.
• Analyze the risk involved in approving a loan to determine whether it is acceptable to the lender.
• Working knowledge of various fraud tools.
• Cite conditions for the missing documents in an effective manner.
• Audit the file from a closing & compliance standpoint on daily basis and note any exceptions.

Qualifications

Experience

• 2+ years of live Mortgage Underwriting experience
• Ability to obtain and decipher AUS findings (DU and LP)
• Experience in full origination mortgage processing, loan set up, loan documentation, closing, title, quality assurance, compliance, underwriting, or assisting with conventional first mortgage loan products
• Good verbal and written communication skills

Additional Information

 WORKING AT ALTISOURCE ADVANTAGES

Prosperity

• Competitive salary based on your experience and skills – we believe the top talent deserves the top rupee

Good Health

• Comprehensive insurance plans ;- Medical insurance for employees and family, Personal Accident Benefit and Life Insurance for employees
• Wellness Programs – Onsite doctor support, Psychologist, Counselor, Onsite health checkup camps etc.

Happiness

• 10 paid holidays, plus 26 paid days off per year
• Lots of employee engagement activities both offsite (examples include cricket/football games and annual company celebrations) and onsite (examples include office stress buster events and quarterly Living our Values celebrations)
• Opportunities to join our community service initiatives, including Habitat for Humanity

 OUR CORE VALUES

 For our employees, customers, and shareholders, we commit to…

•  Act With Integrity – exhibit unwavering integrity, compliance and ethical conduct at all times
• Energize People – enable exceptional people to energize their teams and drive results
• Empower Innovation – reward the relentless creation of innovative and compliant solutions to achieve our mission and generate value for our customers
• Exceed Customer Expectations – execute world-class solutions to deliver value and delight our customers
• Win as a Team – embrace the passion, energy and power of our global teams to win as “One-Altisource”
• Enrich Communities – create positive impacts for the communities where we live and serve

Are you up to the challenge? What are you waiting for? Apply today!