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Pre Purchase Review(PPR) - TL/AM -Chennai

Job Description :
Job Description:
should have good command over verbal and written communication skills
Must have excellent knowledge in end to end mortgage documents, ample exposure in PPR (Pre Purchase Review)
Strong understanding of ATR/QM, RESPA, TRID and mortgage compliance regulations
Familiar with all loan types including Conventional, FHA, VA and USDA & TRID concepts
Comprehensive knowledge in US mortgage & well-versed with current updates
Extensive knowledge in review loan specific documents pertaining to FHA, VA & USDA, Streamline (FHA & USDA), IRRRL (VA)
Should be able to demonstrate Loan Estimate, Closing Disclosure Settlement Service Provide List & all other disclosures pertaining to TRID
Essential Compliance Audit experience is must in terms of validating all applicable TRID disclosures
Should have been certified as domain expert by client from previously worked PPR projects
Good knowledge in ARM products
Must have experience in Day 1 Certainty procedure
Should have knowledge in validating Income (all types), Asset, Credit, Collateral as per AUS requirement to satisfy the servicing perspective
Validating Appraisal with respect to specific loan program
Should have knowledge in Construction to Permanent, manufactured home & Temporary Buy Down, etc.,
Knowledge in FHA Streamline, VA IRRRL, USDA Streamline, Texas 50 A 6 products is mandate
Knowledge in validating USDA Conditional Commitment, LNOV & FHA 92800.5.b requirements
Compliance Analysis Report validation experience must cover following requirements. HPML/HCM, TILA, TRID, RESPA, State & Local Predatory, Exceptions, Rebuttable Presumption, QM/ATR Exemption
Key Skills :
Uderwriting (/jobseeker/uderwriting-jobs)
chennai, TN, IN