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Job Description:
Job Description
Product overview / Project overview (filled by Hiring Manager for FTE openings only) OFSS BPO is looking for candidates with a minimum of 6 months and up to 3 years of work experience to work on back-office processes for the Correspondent Mortgage Divisions of its US Residential Mortgage client. Candidates with US Residential Mortgage / Financial Services experience will be preferred. Candidates with Financial Services experience working in Domestic BPO can also apply.
Pre-Requisites (filled by Hiring manager)
Education :
Preferably a Commerce Graduate – B. Com (H) and (P); BBA, BCA, Economics Graduates can also apply.
Engineering Graduates & candidates from IT background not eligible.
Soft / Behavioral Skills :
Good Communication skills / Comprehension skills
Good Listening skills
Eagerness to Learn and Improve
Open to work in Night shifts / Indian Holidays
Team Player
Total Experience : Min: Yrs. 0.5 Max: Yrs. 3 Yrs
Relevant Experience : Min: Yrs. 0.5 Max: Yrs. 3 Yrs
Primary ( Essential ) Technical / Functional / Managerial Skills :
Proficiency in MS Office, IT support applications and other BPO related applications
Good Typing skills with high Accuracy levels (30-35 words per minute, Accuracy of 90-95%)
Good Analytical Skills / Problem Solving skills
Good Decision-making skills
Flexible with shift timings
Special Requirements:
Minimum 6 months of work experience on a Mortgage / Financial Services project
Should be willing to work in night/rotational shifts
No Leave requirement over next 3 months
Not pursuing any Course / Degree / Diploma that may keep the candidate away from work or cause shift issues
Proposed Opportunity (Filled by Hiring Manager)
Role : Associate
Responsibilities / Job tasks :
Data Entry of around 100-150 fields on client Loan Origination Platform/system. Associate will have to pull up various loan documents from clients imaging system to find required information to be entered
Indexing of Loan Documents of the borrower per Standard Operating Procedures
Review all loan documents & match/complete the information on client funding system that is used to register & fund all loans
Figure out discrepancies in the information entered on the system against the loan documents
Add suspense condition in case any documents are missing or incomplete
Run Compliance Ease test on the loan to assess risks & the auditor regulatory exposure. Compliance Ease determines if the loan meets the requirement of Fannie Mae, Freddie Mac, FHA, VA, FHLB, secondary market investors & regulators etc.
Add suspense condition incase loan doesn’t pass the test
Run RESPA test for 0% tolerance fees (Origination & transfer taxes fees) & 10% tolerance fees (Title fees, Appraisal, credit report etc)
Maintain Daily Production sheet
Responsibilities
Data Entry of around 100-150 fields on client Loan Origination Platform/system. Associate will have to pull up various loan documents from clients imaging system to find required information to be entered
Indexing of Loan Documents of the borrower per Standard Operating Procedures
Review all loan documents & match/complete the information on client funding system that is used to register & fund all loans
Figure out discrepancies in the information entered on the system against the loan documents
Add suspense condition in case any documents are missing or incomplete
Run Compliance Ease test on the loan to assess risks & the auditor regulatory exposure. Compliance Ease determines if the loan meets the requirement of Fannie Mae, Freddie Mac, FHA, VA, FHLB, secondary market investors & regulators etc.
Add suspense condition incase loan doesn’t pass the test
Run RESPA test for 0% tolerance fees (Origination & transfer taxes fees) & 10% tolerance fees (Title fees, Appraisal, credit report etc)
Maintain Daily Production sheet
Required Skills
Audit
Excellent communication skills
MS Excel
Mortgage
Self-Motivated
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