HCL MEGA DRIVE FOR Residential Mortgage Underwriting Analyst- Night Shift on 6,7,8 Feb 2025

PLEASE ATTEND ONLY IF YOU HAVE RELEVANT EXPERIENCE

Walk-in Details:

Date: 6,7,8 Feb 2025

Timing : 11:00AM to 4:00 PM

Interview location : TOWER 4 - HCL Elcot Sez, Sholinganallur, Chennai, Tamil Nadu 600119

HR Contact: Pradeep

Designation: Analyst (2 to 5 Yrs Exp)

Note: Looking for Immediate Joiners only

Location HCL Technologies, Elcot Sez, 602/3, 138, Medavakkam High Road, Sholinganallur, Chennai, Tamil Nadu 600119.

Job Summary:

This is a Residential Mortgage Underwriting process which involves a complete analysis of the loan parameters and the borrowers details pertaining to Income, credit and assets.

Candidate shall be responsible for rendering decisions on credit applications based on established criteria. Determine creditworthiness, risk associated with borrower based on credit profile and Income worthiness (Income analysis) of the borrower. Communicate decisions that most effectively mitigate credit risks, including data integrity and validity of information submitted. Applies understanding of established guidelines, Fair Lending and all other regulatory requirements when evaluating loan attributes while utilizing prudent underwriting judgment and experience.

Key words

• Residential Mortgage Underwriting
• Live underwriting
• Mortgage Decisioning
• Income Verification using Paystubs, W2s, 1099,1065, 1120
• Verifying Disability Income, Social Security Income, Alimony and Child support Income
• Credit report review
• Asset review
• Reviewing Bank statements, Investment statements, Gift letters

Responsibilities:

1. Works under moderate supervision; acquires and applies maturing knowledge of the business, its products, and processes.

2. Evaluate and verify applications – determining whether borrower will be able to repay the loan by performing a detailed income verification (Income Verification and analysis)

3. Verify income and employment information, for both self employed and salaried borrowers.

4. Should be well versed with computing income using PayStubs, W2, LES Statements and Tax Return Documents for different Income types.

5. Review credit history, including Bankruptcy, Fraud alerts, Bankruptcy Discharge, Delinquency and Foreclosures. (Credit Review and Analysis)

6. Calculate the value of the borrower’s collateral and assets (Asset Review and Analysis)

Ensure that the property specifications and loan terms meet Bank’s requirements and government regulations.

Skills Required:

Excellent reading and comprehension skills.

Excellent decision-making skills that are backed by relevant details and research.

Good analytical and audit skills.

Good oral and written communication skills along with good listening skills

Knowledge pertaining to the regulations governing mortgage lending.

Logical and reasoning skills

Ability to multitask

Must pay close attention to detail

Minimum Requirements

1. Bachelor's degree in any discipline preferably B. Com/BBA/MBA.

2. 3 to 5 years of overall banking experience with a minimum of 1 to 2 years’ experience in residential Mortgage Underwriting for Conventional/FHA/VA loans.

Willingness to work in night shifts is a must.

Perks and Benefits :

MNC

Cab facility (two way) (Upto 30 Kms Only)

Salary : great in the industry

Excellent working environment

Free Cab for female employees

International Trainers

World class exposure

How You'll Grow

At HCL Tech, we offer continuous opportunities for you to find your spark and grow with us. We want you to be happy and satisfied with your role and to really learn what type of work sparks your brilliance the best. Throughout your time with us, we offer transparent communication with senior-level employees, learning and career development programs at every level, and opportunities to experiment in different roles or even pivot industries. We believe that you should be in control of your career with unlimited opportunities to find the role that fits you best.

Why Us

We are one of the fastest-growing large tech companies in the world, with offices in 60+ countries across the globe and 222,000 employees.

Our company is extremely diverse with 165 nationalities represented.

We offer the opportunity to work with colleagues across the globe.

We offer a virtual-first work environment, promoting a good work-life integration and real flexibility.

We are invested in your growth, offering learning and career development opportunities at every level to help you find your own unique spark.