Financial associate
Ocwen Financial solutions Bangalore
Total years of experience :3 years, 6 Months
1. Review income and non-income documents completely to provide a final modification based on the browsers financial hardship.
2. Review loan files for compliance, defined guidelines, regulatory reporting policies and procedures.
3. Effectively communicate the areas of concern with a loan file to supervisors and also with different departments for the better out put.
4. Meet or exceed productivity and quality standards for new loan files audited per day.
5. Use to handle different types of reports and assign the work according to the team
6. Modifying loan terms on the basis of investor and government guidelines and also considering the customer’s income.
7. Interaction with foreclosure Time Line Coordinator regarding the foreclosure.
1. Detailed review of customer documentation to determine the customer’s ability to repay the mortgage.
2. Analysis of credit report and income documentation to determine the debt to income ratio which determines the customer ability to repay the mortgage.
3. Analysis of mortgage documents such as form 1003 (application), deed of trust, mortgage note, trust deed.
4. Analysis of income documents such as paystubs, SSA, Pension/ Retirement statements, 1040’s, profit and loss stateme.
5. In depth analysis of property appraisal to determine the determine the property condition, structural stability to the loan term, occupancy of the customer to the mortgaged property, location of the property and analysis if the provided appraisal value is valid to the neighborhood and the marketability of the property.
6. Analyze effective procedures to complete an order in stipulated time.
7. Work on high risk orders that require additional detail review and rereview.
8. Preparation of order summary to capture the order analysis post review. This acts as a brief summary on the order reviewed.
9.Re- verification of customer credits, income and property appraisal to determine the current status post the mortgage being closed, it is a crucial part of the quality check perf