JOB FUNCTIONS AND RESPONSIBILITIES
- To work on loan underwriting and complete the daily target or assignments.
- Have experience in US Mortgage Underwriting.
- Working on 4 C’s (Credit, Capacity, Capital, and Collateral).
- Knowledge on Income Calculations (Wage, Self Employed and other incomes).
- Knowledge on Credit review (liability reconciliations and guideline requirements)
- Knowledge on Assets/Capital review with guideline requirements.
- Knowledge in LTV, CLTV calculations, PITI and DTI calculations.
- Knowledge in Fannie Mae and Freddie Mac guideline requirements.
- Knowledge in Govt. loans (FHA, VA and USDA)
- Knowledge on FHA/VA/USDA guideline requirements.
- Good communication skill.
EDUCATION / EXPERIENCE
- Any degree with US Mortgage Underwriting experience.
- Minimum 2-5 years of relevant exp in underwriting
WORK SCHEDULE OR TRAVEL REQUIREMENTS
- Day/Mid shift and Hybrid Work (should be available for Work from Office based on the business requirements)
Ocwen Financial Solutions Private Limited is a wholly-owned subsidiary of Onity Group Inc., a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage.
PHH Mortgage is one of the largest servicers in the United States, focused on delivering a variety of servicing and lending programs. Liberty is one of the largest reverse mortgage lenders in the U.S., dedicated to education and providing loans that help customers meet their personal and financial needs. Onity Group Inc. and its subsidiaries are committed to helping homeowners and delivering exceptional service and value to customers, clients and investors.
At Onity Group Inc., we consistently deliver on our commitments to customers, clients, investors and colleagues through caring service, integrity and creative solutions. This Service Excellence philosophy is embraced by meeting service standards we call CARE, which stands for Caring, Accurate, Responsive and Empowered. We expect all employees to interact and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our CARE standards.
Onity Group Inc. is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity, Equity & Inclusion ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know. Visit jobs.onitygroup.com for details.