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Remote Underwriter-Process Lead

Infosys BPM Phoenix ,AZ
  • Posted: over a month ago
  • Full-Time
Job Description

 Underwriter
Process Lead
Work Location - Remote
 
In the role of Underwriter Process Lead, you will underwrite conventional, government loans, making credit decisions for the approval, suspension, or denial of Residential Mortgage Loans. Take final loan decisions within approval authority in accordance with guidelines. This position is responsible for the timely and accurate analysis and evaluation of loan applications based on a borrower’s credit, employment, income, financial data and asset profile, along with the appraisal report, and investor guidelines. An underwriter makes sound decisions that mitigate risk to the company, adhere to quality standards, and maximize the borrower’s chances of obtaining and sustaining home ownership.

Some responsibilities will include:

  • Responsible for underwriting 2-3 new loans per day while minimizing any risk to the company by thoroughly analyzing a borrower’s income, credit, assets, ratios and the collateral to ensure compliance with our investors, agencies, HUD, VA, USDA or HFA’s, as applicable.
  • Maintain 24-48 hour turn times
  • Responsible for clearing UTC conditions within 24 hours.
  • Responsible for preparing loans for risk committee.
  • Ensures loans follow investor requirements, federal and state laws and regulations.
  • Performs risk assessment of credit and collateral ensuring loan sale and sound credit quality.
  • Responds to and resolved any post-closing issues to ensure loan sale.
  • Assist management to clear conditions and expedited loan closings.
  • Keep informed of current practices in loan underwriting.
  • Take initiative to keep current on changes in investor guidelines.
  • Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
  • Responsible for meeting and maintaining registration requirements under the Federal SAFE Act
  • Works with internal staff (Account Executives, Loan Officers, broker Coordinators, Loan Processors, etc.) and external customers (Realtors, Mortgage Brokers, etc.) and third parties to expedite the decision process and loan closings for mortgage loans submitted for approval.
  • Underwriters have frequent day-to-day communication with external and internal customers alike.
  • Complete understanding of investor guidelines and ability to run and interpret AUS findings (DU and LP).
  • The position will re-underwrite and verify monthly, a sampling of loans to insure the accuracy of the documentation.
  • Responsibility to establish and maintain federal registration requirements outlined in the SAFE Act. Assist loan officers with scenarios and explaining any conditions that are not clear to them.
  • Assist in the development of junior underwriters and processors.

Qualifications
Basic

  • High School Diploma or GED equivalent
  • At least 4 years of relevant work experience

Preferred

  • 5+ years of Mortgage Underwriting experience
  • Excellent written and verbal communication skills
  • Extremely organized, Strong attention to detail
  • Has worked in Encompass and managed multiple loan officer relationships
  • Direct Endorsement (DE) & or LAPP approval.
  • Problem solving abilities, and a willingness to help
  • MS Office proficient.
  • Able to work overtime as business needs dictate
Company Description
Infosys BPO Americas, LLC (IBA) headquartered in Atlanta GA, is a fully owned Mortgage BPO subsidiary of Infosys BPM Ltd. IBA aims to provide residential mortgage BPO services to third party financial institutions. Keeping in line with the success and the history of the parent, the Company will utilize its experienced leadership, robust technical and systems knowledge to drive innovation to financial institutions.
Backed by the stalwarts in BPO (Infosys BPM Ltd.) and Technology (Infosys Ltd.), IBA is positioned perfectly to help its partners achieve optimal results in the mortgage outsourcing space.
Infosys BPM Ltd., the business process management (BPM) subsidiary of Infosys Ltd, was established in April 2002. We offer integrated end-to-end transformative BPM services, and have journeyed through the table-stakes of effectiveness and efficiency with an ever-increasing focus on enhancing stakeholder experience and empathy. We enable clients to navigate their digital journey, operating from 32 delivery centers across 16 countries. We employ over 43,360 people from over 100 nationalities, as of March, 2020.

The company has been consistently ranked among the leading BPM companies globally and has received over 60 awards and recognitions in the last 5 years, from key industry bodies and associations like NASSCOM, SSON, and GSA, among others. Infosys BPM also has very robust people practices, as substantiated by the various HR-specific awards it has won over the years. The company has consistently been ranked among the top employers of choice, on the basis of its industry leading HR best practices.

EOE/Minority/Female/Veteran/Disabled/Sexual Orientation/Gender Identity/National Origin

Infosys BPM

Why Work Here?

Excellent benefits, competitive compensation

Infosys BPO Americas, LLC (IBA) headquartered in Atlanta GA, is a fully owned Mortgage BPO subsidiary of Infosys BPM Ltd. IBA aims to provide residential mortgage BPO services to third party financial institutions. Keeping in line with the success and the history of the parent, the Company will utilize its experienced leadership, robust technical and systems knowledge to drive innovation to financial institutions. Backed by the stalwarts in BPO (Infosys BPM Ltd.) and Technology (Infosys Ltd.), IBA is positioned perfectly to help its partners achieve optimal results in the mortgage outsourcing space. Infosys BPM Ltd., the business process management (BPM) subsidiary of Infosys Ltd, was established in April 2002. We offer integrated end-to-end transformative BPM services, and have journeyed through the table-stakes of effectiveness and efficiency with an ever-increasing focus on enhancing stakeholder experience and empathy. We enable clients to navigate their digital journey, operating from 32 delivery centers across 16 countries. We employ over 43,360 people from over 100 nationalities, as of March, 2020. The company has been consistently ranked among the leading BPM companies globally and has received over 60 awards and recognitions in the last 5 years, from key industry bodies and associations like NASSCOM, SSON, and GSA, among others. Infosys BPM also has very robust people practices, as substantiated by the various HR-specific awards it has won over the years. The company has consistently been ranked among the top employers of choice, on the basis of its industry leading HR best practices. EOE/Minority/Female/Veteran/Disabled/Sexual Orientation/Gender Identity/National Origin

Address

Remote
Phoenix, AZ
USA

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