ENCORE IT SOLUTIONS
Website:
encore-itsolutions.com
Job details:
Job Designation: Process Executive – Consumer Lending
Number of Positions: 5
Experience: 1 – 3 Years (Only experienced candidates)
Budget: ₹5.5 LPA
Location: Chennai
Shift: Night Shift
Notice Period: Immediate joiners
Fresher are not considered
Job Description
- Key Responsibility Area:
- The fundamental duties & tasks the define the job are:
- · Review loan applications for completeness and accuracy.
- · Collect, verify, and update borrower information (income, employment, assets, property details).
- · Order and track third‑party reports: credit, title search, flood certification, VOE/VOI, insurance verification, etc.
- · Ensure disclosures (LE, CD, ECOA-related forms) are initiated within required timelines.
- · Maintain accurate data entry in LOS systems (e.g., Encompass, Empower, Fusion, MSP).
- · Coordinate with loan officers, borrowers, and vendors for pending requirements.
- · Prepare the file for underwriting review by ensuring all required documents are in place.
- · Validate borrower documentation including income statements, pay stubs, W‑2s, bank statements, and tax forms.
- · Perform basic income calculations under guidance of an underwriter.
- · Review title reports, insurance documents, and property‑related records for discrepancies.
Role Summary:
- Identify and flag risk items or missing information prior to underwriting submission.
- · Update and clear minor underwriting conditions as permitted under process guidelines.
- · Prepare and review closing documentation packages, including:
- o Note
- o Agreement
- o Mortgage/Deed
- o Right to Cancel (RTC)
- o State‑specific disclosures
- · Validate accuracy of final loan terms (credit limit, draw amount, APR, fees).
- · Ensure all pre‑closing conditions are cleared before releasing the package.
- · Coordinate with title companies and notaries for scheduling closing appointments.
- · Review executed closing packages to ensure completeness and compliance.
- · Assist with indexing and archiving loan documents post‑closing.
- Eligibility Criteria:
- · Education – Graduates ( Pursuing graduation / undergraduate with strong interpersonal skills
- · 1–3 years of experience in US mortgage/HELOC processing or relevant financial operations.
- · Strong understanding of basic US mortgage/HELOC concepts.
- · Knowledge of key compliance requirements (TILA, RESPA, ECOA) is an advantage.
- · Experience working with LOS platforms preferred.
- · Excellent communication skills and ability to work in US time zones.
- · Strong analytical ability and attention to detail.
- · Good MS Excel and documentation handling skills.
- Essential duties and responsibilities:
- · Comply with data integrity and security policies
- · Follow required procedure & guidelines
- The ideal candidate for this role would have:
- · Verbal & written communication skills along with active listening
- · Average Analytical skills
- · Quick Learning Ability
- · Ability to multi-task, set priorities & manage time effectively
- · Attention to detail
- · Prior experience in HELOC underwriting support or closing documentation review.
- · Experience in mortgage operations.
Benefits & Perks:
· Competitive Salary
· Medical insurance
· Two weekly offs – 5 days working and 2 Week Offs
· Hassle-free transit to work – Cab facility available for pick & drop
Click on Apply to know more.