Analyst – US Mortgage Credit Due Diligence Job in Hyderabad at FinacPlus

FinacPlus is hiring for the role of Analyst – US Mortgage Credit Due Diligence!

Responsibilities of the Candidate:

• Working on day-to-day operations of in-house US Mortgage Credit and Due Diligence services to ensure the quality of Loans acquired.
• Verification, analysis, and review of various items like Credit review / re-underwriting, Regulatory compliance review, Legal document review, Data integrity review, Payment history review, Collateral review, Property Appraisal review, Title review, etc., to ensure the quality of loan assets acquired by the client.
• Verification of 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 schedules.
• Effective communication by email, by phone, and obtaining the proper documentation needed.
• Ability to interpret different credit guidelines.
• Experience in residential Loan underwriting.
• Understanding Client’s guidelines and assisting originators with loan eligibility.

Requirements:

• A range of 0 – 4 years of experience in US Mortgage Underwriting and Due Diligence Process
• Should have in-depth knowledge of various mortgage document reviews.
• Credit analysis based on borrower’s Income, Asset & Liability (4Cs of Underwriting) to determine the creditworthiness of a customer, Collateral Documents like Property Appraisal, Project Completion Report, Phase I, documents relating to Tax Certificates, Insurance
• Bachelor's Degree in Finance, MBA, CFA, or other Post-Grad Degree a plus
• Advanced Excel Skills