Job Description

About The Company: Mphasis is a leading IT solutions provider, offering Applications, Business Process Outsourcing (BPO)and Infrastructure services globally through a combination of technology know-how, domain, and process expertise. The accolades Mphasis has been garnering can be attributed to their undeterred focus in delivering quality solutions across verticals that meet the challenging requirements of their esteemed customers. Mphasis Ltd has been recently felicitated by the Economic Times as the most distinguished digital company 2015. They have also been ranked 29 of 100 largest financial technology vendors by American Banker and BAI in the FinTech Forward Top 100 rankings. The Role: Loan Processor - Mortgage Loan Key Responsibilities: \xef\x82\xb7 Strong knowledge of all the purchase documents \xef\x82\xb7 Read, analyse and interpret mortgage documents such as HOI and Title HOI, VOE, Payoffs, 4506T, Settlement & Title etc. \xef\x82\xb7 Able to add exceptions for issues/errors in the closing documents \xef\x82\xb7 Experience in appraisal review with all type of forms \xef\x82\xb7 Maintain current knowledge and familiarity with current mortgage and compliance laws and regulations. \xef\x82\xb7 Review for expiring documents, Review conditions on applications, Review DMP credit and title to determine if subordination is needed, Order subordinations \xef\x82\xb7 Review IFF for subordination incomplete, Review borrower information, purchase agreements, and addendums. \xef\x82\xb7 Review exceptions and alerts, Perform liability review, Order credit supplements, Review vendor docs, Order VORs. \xef\x82\xb7 Review third party documents, Review Condition management and Task level 3 conditions for UW, Complete ad-hoc requests for Caselinks, Review red flags and appraisals, Re-run AUS, Verify assets, title commitment, and Power of Attorney for all pages. \xef\x82\xb7 Comprehensive understanding of credit underwriting guidelines for FNMA and FHLMC for both purchase loans and refinances. Skills Required: \xef\x82\xb7 2+ years of current experience in Financial Services with Loan Processing experience required. \xef\x82\xb7 Excellent customer service and communication skills. \xef\x82\xb7 Able to deal with high volume processing. \xef\x82\xb7 Comfortable working in US shifts. Qualifications & Experience: \xe2\x97\x8f Any Graduate \xe2\x97\x8f 2+ years of current experience in Mortgage with Loan Processing experience preferred Job Type: Full-time Pay: \xe2\x82\xb9400,000.00 - \xe2\x82\xb9500,000.00 per year Schedule:

• Night shift
• Rotational shift

• Loan processing: 2 years (Required)
• Credit Underwrirting: 2 years (Required)
• Loan Documentation: 2 years (Required)
• US mortgage: 2 years (Required)