Pre Purchase Reviewe....
Pre Purchase Reviewer
Posted on :
06-02-2024
Employer Active
1 Vacancy
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Job Description
Req ID : 2506398
Key Skills: pre Underwriting and US Mortgage experience.
Notice Period Cant be more than 15 days
CTC 5 7.5 LPA
Job Overview:
The role of the PrePurchase Reviewer is to review the closed loan file documents and ensure that the loan closed according to the approval meets all federal state local and investor requirements and that the data in the LOS matches the data in the mortgage loan documents. The position requires a thorough understanding and familiarity of both credit income assets and closing documents to complete the applicable review questions in the questionnaire and provide results to Client.
Experience:
- 2 years & above: Recent experience of min 2 two years in PPR is Must.
- Education Qualification: Degree Or Equivalent.
- Preference: US Mortgage Process (Only Night Shifts).
- Work From Home/Remote.
Key Required Skills:
- Ability to read various documents involved in Closing Funding and Underwriting.
- Expertise in Origination Due Diligence PrePurchase Review or Underwriting process.
- Analysing Credit and Income.
- Knowledge on Documents Loan Origination Cycle.
- Excellent knowledge on ATR/QM RESPA TRID and mortgage compliance regulations.
- Should aware of Fannie Mae Freddie Mac FHA and VA guidelines.
- Ability to make decision based on situation with Customer Service Skills
Job Roles and Responsibilities:
- Review and analyse the mortgage loan application to ensure eligibility accuracy completeness and compliance with internal and regulatory guidelines to minimize risk factors.
- Knowledge of Loan Origination Cycle Loan Application Origination Due Diligence PrePurchase Review or Underwriting process.
- Knowledge of different types of mortgages and its functioning and ability to read various documents involved in Closing Funding and Underwriting.
- Review the loan documents using the PrePurchase Review checklist for completeness and accuracy.
- Strong knowledge of ATR/QM (Abilitytorepay/Qualified Mortgage) RESPA (Real Estate Settlement Procedures Act) TRID (TILARESPA Integrated Disclosures) and mortgage compliance regulations.
- Review all loan types including Conventional FHA (Federal Housing Administration) VA (Veterans Affairs) & USDA (U.S. Department of Agriculture).
- General knowledge of Fannie Mae Freddie Mac FHA and VA guidelines a plus.
- Add suspense conditions in a clear concise manner in LOS for any deficiencies noted as part of the above review.
- Strong Customer Service Skills Detail Oriented with good analytical skills and the ability to make decisions based on the situation.
Qualification & Experience
- Degree or Equivalent.
- 2 10 years of experience in PPR / Underwriting.
- Should be flexible working in night shifts.
- Good written and oral communications skills in English.
atr,respa,mortgage brokers
Employment Type
Full Time
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