Company Description
ARE YOU READY TO WORK AT ALTISOURCE?
- Are you a natural helper who loves working through people’s problems to find the best solution?
- Are you a quick learner who is self-motivated and able to work well independently as well as on a team?
- Are you interested in working on a new product where you can make an immediate impact?
If so, nice to meet you; we are Altisource! We are seeking energetic, highly skilled self-starters who thrive in a dynamic and fast-paced environment. We offer challenging work and great colleagues as well as career development opportunities.
We are looking for a Mortgage Loan Underwriter with a passion for the mortgage industry to develop and manage client relations the Altisource umbrella. This is a great time to join the team and be a part of a growing and stable organization.
Job Description
Job Title: Underwriting Analyst
Job Description
- Maintain a working knowledge of US Mortgage Originations, closing procedures, federal and state lending laws.
- Must have good working knowledge of all 4C’s of underwriting.
- Experience in end-to-end underwriting of Conventional loans.
- Must have strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP).
- Sound knowledge of Fannie Mae & Freddie Mac Guidelines.
- Interpret state rules, statute laws, federal regulations & investor guidelines and apply them to specific loans.
- Review loan file for compliance with all regulatory and client’s guidelines/overlays
- Analyze income & employment, credit strength, capacity to repay, property appraisal, title report; calculate and analyze LTV/CLTV/HCLTV/DTI/HTI, check all other information relevant to the credit decision process on each mortgage application.
- Calculate all types of income (Wage earner/self-employment/Other income etc.).
- Good decision maker in identifying all types of red flags and Approving or Denying the file accordingly.
- Analyze the risk involved in approving a loan to determine whether it is acceptable to the lender.
- Working knowledge of various fraud tools.
- Cite conditions for the missing documents in an effective manner.
- Audit the file from a closing & compliance standpoint on daily basis and note any exceptions.
Qualifications
Experience
- 2+ years of live Mortgage Underwriting experience
- Ability to obtain and decipher AUS findings (DU and LP)
- Experience in full origination mortgage processing, loan set up, loan documentation, closing, title, quality assurance, compliance, underwriting, or assisting with conventional first mortgage loan products
- Good verbal and written communication skills
Additional Information
WORKING AT ALTISOURCE ADVANTAGES
Prosperity
- Competitive salary based on your experience and skills – we believe the top talent deserves the top rupee
Good Health
- Comprehensive insurance plans ;- Medical insurance for employees and family, Personal Accident Benefit and Life Insurance for employees
- Wellness Programs – Onsite doctor support, Psychologist, Counselor, Onsite health checkup camps etc.
Happiness
- 10 paid holidays, plus 26 paid days off per year
- Lots of employee engagement activities both offsite (examples include cricket/football games and annual company celebrations) and onsite (examples include office stress buster events and quarterly Living our Values celebrations)
- Opportunities to join our community service initiatives, including Habitat for Humanity
OUR CORE VALUES
For our employees, customers, and shareholders, we commit to…
- Act With Integrity – exhibit unwavering integrity, compliance and ethical conduct at all times
- Energize People – enable exceptional people to energize their teams and drive results
- Empower Innovation – reward the relentless creation of innovative and compliant solutions to achieve our mission and generate value for our customers
- Exceed Customer Expectations – execute world-class solutions to deliver value and delight our customers
- Win as a Team – embrace the passion, energy and power of our global teams to win as “One-Altisource”
- Enrich Communities – create positive impacts for the communities where we live and serve
Are you up to the challenge? What are you waiting for? Apply today!
What We Do
Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative products and technologies, Altisource helps solve the demands of the ever-changing market.