Job Description
Job Description - REMOTE JOB
MORTGAGE LOAN UNDERWRITER
Urban Fulfillment Services, a subsidiary of HCL Technologies is hiring. Come join our team! We are a growing outsource provider of mortgage services to many different clients - including large banks, mortgage companies, and credit unions. This provides mortgage professionals a unique opportunity to learn and grow in their career.
As a Mortgage Loan Underwriter, for one of our client projects, you will bring your practical experience underwriting residential mortgage loans in accordance with GSE and internal guidelines ensuring compliance with company and investor standards. You have current, in-depth knowledge of Fannie Mae and Freddie Mac lending guidelines and understand how those relate to internal and investor guidelines. You have a thorough knowledge of complex personal and business financial analysis and expertise in tax return and balance sheet analysis. You can make timely, accurate decisions on all loan transactions.
ESSENTIAL FUNCTIONS/DUTIES:
· Completes a thorough analysis of loan files to determine compliance with investor.
· Evaluates the entire credit package and collateral for residential mortgage loans and ultimately ensures an investment quality loan product and creditworthiness of the borrowers and acceptability of the collateral. Identifies potential quality loans to be held in portfolio if secondary market guidelines cannot be met.
· Verifies the accuracy of all calculations.
· Maintains a working knowledge of secondary market underwriting guidelines, private investor and private mortgage insurance guidelines.
· Assists with maintaining compliance with all applicable federal, state and local laws, regulations and ordinances by abiding by compliance program and all policies, procedures, rules and regulations.
· Assists in the development of underwriting standards.
· Helps loan processors, giving general guideline interpretations and answering questions on specific loan files.
· Responds to post closing review and quality control audits in a timely fashion.
· Multi-tasking, high volume, available to be flexible and work weekends as needed.
PREFERRED EDUCATION & EXPERIENCE:
· Mortgage UNDERWRITING experience: 3 years required.
· Excellent organization and analytical skills required.
· Excellent written and communication skills required.
· High School Diploma or GED equivalent required, some college preferred, College degree desired.
· Intermediate to computer proficiency skills with MS Office, Excel and Mortgage Loan Applications/Software) Encompass 360 desired.
· Ability to multi-task, prioritize and function in a high-volume, fast-paced environment.
· Adaptability and acceptance to change.
EXPERIENCE:
EDUCATION:
Job Type: Full-time
Company Description
HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. Our technology products and services are built on four decades of innovation, with a world-renowned management philosophy, a strong culture of invention and risk-taking, and a relentless focus on customer relationships. HCL also takes pride in its many diversity, social responsibility, sustainability, and education initiatives. Through its worldwide network of R&D facilities and co-innovation labs, global delivery capabilities, and over 150,000+ ‘Ideapreneurs’ across 49 countries, HCL delivers holistic services across industry verticals to leading enterprises, including 250 of the Fortune 500 and 650 of the Global 2000. Enterprises across industries stand at an inflection point today. In order to thrive in the digital age, technologies such as analytics, cloud, IoT, and automation occupy center stage. In order to offer enterprises the maximum benefit of these technologies to further their business objectives, HCL offers an integrated portfolio of products and services through three business units. These are IT and Business Services (ITBS), Engineering and R&D Services (ERS), and Products and Platforms (P&P). ITBS enables global enterprises to transform their businesses via Digital Foundation, our modernized infrastructure stack built around hybrid cloud, software-defined networks, the digital workplace, and other elements; Digital Business, a combination of our application services and consulting capabilities; and Digital Operations, a three-pronged setup for modernized and efficient operations at enterprise level. ERS offers engineering services and solutions in all aspects of product development and platform engineering. Under P&P, HCL provides modernized software products to global clients for their technological and industry-specific requirements. Our holistic Mode 1-2-3 strategy forms the backbone of these three business units to help enterprises navigate the digital age with ease. It is the core aspect of our ‘Digital Enterprise 4.0’ focus – aimed at offering holistic services to our clients to meet the technology needs of their present while readying them to be future-ready. The company’s DNA of grassroots innovation, its ingrained culture of co-innovation, and its tradition of going far beyond what is expected, to create customer value, clearly differentiates it and gives it a distinct advantage in creating value for businesses in the digital and connected world.