OCWEN, a prominent player in the financial services industry, is currently seeking candidates for the position of Lead Underwriter, COR Operations – Non-Delegated – UW Conv – APAC. Applicants for this role should hold a Bachelor’s degree and possess at least one year of relevant experience. This position, based in both Bangalore and Mumbai, offers an exciting opportunity for individuals to showcase their underwriting expertise and contribute to the company’s operational efficiency. As a Lead Underwriter at OCWEN, you will play a crucial role in ensuring compliance and accuracy in mortgage underwriting processes.
Company Name: OCWEN
Job Role: Lead Underwriter, COR Operations – Non-Delegated – UW Conv – APAC
Education Required: Bachelor’s degree
Experience Required: 1 year
Job Location: Bangalore, Mumbai
Role and Responsibilities:
- Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor and the company.
- Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
- Provides final approval underwriting of mortgage loans – Conventional, Correspondent, FHA,VA, Reverse.
- Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.
- Sign off conditions in a timely manner set by management.
- Work with staff and management to find solutions on escalated loans. May be requested to make recommendations for improving Internal Audit’s policies and practices.
- Manage loans by using all functions of Encompass.
- Effectively communicate underwriting decisions with processors and advisors.
- Maintain high level of customer service and communication with other departments.
Required Skills and Qualifications:
- Bachelor’s degree or equivalent of fifteen years of education mandatory.
- Minimum of 1 years of experience in Mortgage Underwriting with thorough knowledge of Financial and nonfinancial supporting documentation, Income calculations, Asset/ Liabilities & Appraisal verification, Credit report review.
- Knowledge about risk and compliance in Lending especially the FNMA & FHLMC Underwriting standards.
- Knowledge about Underwriting procedures of Conventional, Correspondent Lending, Reverse mortgage, FHA, VA (Government loans) underwriting.
