asset & wealth management - mortgage Underwriting analystJPMorgan Chase

Job Description:
As a Mortgage Underwriting Analyst, you are responsible for performing Underwriting Analysis to determine credit risks on Mortgage applications. The functions of the team are critical in protecting the bank from potential Mortgage losses. You will work directly with Mortgage Specialists, Bankers, Vendors, internal/external partners throughout the Mortgage Origination cycle.
Job Responsibilities:
Achieve daily production targets on a consistent basis and turnaround priority reviews within the stipulated timelines
Consistently maintain process accuracy targets, i.e.
5% high QA error rate * Maintain high hygiene standards and follow all process controls with no lapses
Assist in data collection / report preparation on various metrics
Identify & escalate issues on assigned reviews and escalate exceptions, procedure gaps to management
Interact with global stakeholders to resolve process issues and play key role in adding process controls
Processing/ Production -90% of the daily productive time, 10% - Non BAU activities, Business initiatives, process reporting, process trainings/ huddles
Suggest process enhancements, possible automations for better controls, perform periodic risk and controls analysis with the team for process risk valuation
Adhere to the 30 day timeline for all credit decisions from Regulation B (ECOA) standpoint.
Key Competencies Essential for the Job:
Excellent analytical skills with an attention to detail, quick grasping, and retention of underwriting concepts
Excellent Communication Skills
Time Management skills, flexibility & adaptability to changes
Collaboration and teamwork
Willingness to work in US, ASIA & EMEA shifts
Exception Handling & Subject Matter Expertise, challenges status quo
Required Qualifications, Skills and Capabilities:
Bachelor's degree preferably in Business, Finance, Accounting, or any related course.
Minimum of 2 years of mortgage underwriting experience in US mortgage loan originations.
Experience in reviewing and analyzing US Financial Documents such as Asset statements, Personal Financial Statements, Profit & Loss Statements, Personal Tax Returns, Credit Reports, etc.
Must have had exposure to production management, work allocation, prioritization, exception handling, and process documentation.
Thorough understanding of all stages of mortgage originations life cycle.
Expertise in Mortgage Underwriting concepts, ratios & calculation methods. Mortgage ratios include Debt to Income, Loan to Value, Liquidity, and Leverage.
Working knowledge of major US Mortgage Regulations.
Good MS Excel skills.
About Us:
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
About the Team: J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.​
JPMorgan Chase

Metro Manila
Permanent
Full-time