Senior Pre-Purchase Reviewer, Correspondent Lending in Mumbai at Ocwen Financial Corporation

Date Posted: 2/15/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Mumbai
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    2/15/2020
  • Job ID:
    109515

Job Description

Description

POSITION SUMMARY:

The role of the Pre-Purchase Reviewer is to review the closed loan file documents and ensure that the loan closed according to the approval, meets all federal, state, local and investor requirements and that the data in the LOS matches the data in the mortgage loan documents. The position requires a thorough understanding and familiarity of both credit and closing documents.

JOB FUNCTIONS AND RESPONSIBILITIES:

The Pre-Purchase Reviewer will be responsible to review the closed loan submitted for purchase. The job responsibilities include but are not limited to the following:
•Review the loan documents using the Pre-Purchase Review checklist for completeness and accuracy
•Strong knowledge of ATR/QM, RESPA, TRID and mortgage compliance regulations
•Review all loan types including Conventional, FHA and VA
•Add suspense conditions in a clear concise manner in LOS for any deficiencies noted as part of the above review
•Enter and/or update delivery data in LOS
•General knowledge of Fannie Mae, Freddie Mac, FHA and VA guidelines a plus
•Detail oriented
•Adhere to strict timelines prescribed by the Management and provide the review response in the desired timeframe
•Flexibility to work in Night Shift (if needed) or change the shift at minimum notice
•Excellent written and verbal communication skills
•Should have good comprehension skills and ensure all changes and updates are immediately adopted
•Experience working in a production environment preferred.


Qualifications

QUALIFICATIONS:

EDUCATION / EXPERIENCE


• Minimum high school degree
•2 years of experience in US Residential Mortgage Originations Closing

TRAINING / LICENSING REQUIREMENTS (only add if needed)

NA

WORK SCHEDULE OR TRAVEL REQUIREMENTS (Only add if needed)

Should be willing to travel domestic or International in case of a BCP requirement.

Ocwen is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to Diversity & Inclusion ensures that we are an organization that creates, promotes and sustains an inclusive work environment in which diversity, inclusiveness and respect are integral parts of our culture and work environment. Building the reputation as an outstanding place to work, a great business partner and a valued community member is our everyday endeavor.

Ocwen’s mission is to delight our customers through caring service and innovative lending solutions. We proudly serve over 1.3 million families with their mortgage needs by helping to find real solutions that benefit our customers and help to build stronger communities. Helping Homeowners is What We Do!®

Consider an opportunity to join our global team and put “Caring in Action” while growing your career.

Ocwen is proud to be an equal opportunity workplace and is an affirmative action employer. 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.


Primary Location: IN-MH-Mumbai
Work Locations:
Mumbai Infinity (INFTY)
2nd Floor, Infinity Towers,
Mind Space Business District,, Malad West
Mumbai, 400064

Job: Sales and Business Development
Organization: India Business Unit
Schedule: Regular
Full-time
Job Posting:

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