HCL MEGA DRIVE FOR Residential Mortgage Underwriting Quality 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: Quality Analyst (4 to 6 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 conducting daily and weekly audits to ensure the decisions rendered on credit applications are in par with the Mortgage Underwriting guidelines as prescribed by Fannie Mae / Freddie Mac. Shall ensure that the loan applications have been thoroughly reviewed in all aspects of the Credit, Income and Asset.

Shall ensure that the overall risk has been taken into consideration while providing the underwriting recommendations.

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. Shall be responsible for performing daily and weekly audits on the transactions completed by the team.

3. Shall ensure that a sampling methodology based on the complexity of the loan, Error trends, History of errors is worked out to ensure maximum coverage to minimise risk of error

4. Shall ensure that the loan has been reviewed in accordance with the SOP/Process manuals and any updates to the process have been followed and incorporated as part of the processing.

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.

Should be well versed with the Quality and feedback mechanism including sampling technology, Root cause analysis, Identifying training needs

Logical and reasoning skills

Good Interpersonal 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. 4 to 6 years of overall banking experience with a minimum of 3 years’ experience in residential Mortgage Underwriting for Conventional/FHA/VA loans of which 1 year should have been in a QA role.

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.