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Wealth Management - Loan Processing - Team Leader

Req #: 180018496
Location: Mumbai, MH, IN
Job Category: Asset Management
Job Description:


JPMorgan Mortgage Center operations involve origination of Non-Conforming Jumbo Mortgages with loan amount starting from $417,000. Mortgage Loans are extended to JPMorgan’s Private Banking current & prospects clients. Mortgage Operations include functions listed below;
  • Document Indexing,
  • Rate Lock Extensions
  • HMDA Reporting
  • Post Closing
  • Loan Cancellation
  • Pre-Approval Loan review
  • Preliminary review  - Ordering Vendor Work
  • Underwriting (Internal Review)
  • Quality Control. – Processing, Decision Letter, Closing, Funding
  • Closing & Funding
  1. Achieve daily production targets on a consistent basis and turnaround Priority reviews within the stipulated timelines.
  2. Maintain over 99.5% internal and 100% external accuracy on a consistent basis.
  3. Get cross-trained and work on multiple processes.
  4. Maintain high hygiene standards and follow all process controls with no lapses.
  5. Assist in data collection / report preparation on various metrics.
  6. Identify & escalate issues on assigned reviews and escalate exceptions, procedure gaps to management.
  7. Interact with different stakeholder to resolve process issues and play key role in adding process controls.
  8. Processing/ Production -90% of the daily productive time, 10% - Non BAU activities, Business initiatives, process reporting, process trainings/ huddles
  9. Suggest process enhancements, possible automations for better controls, perform periodic risk and controls analysis with the team for process risk valuation
  1. Excellent Communication Skills.
  2. Good Analytical skills with an attention to detail, Quick Grasping and Retention.
  3. Coordination and Team work
  4. Time Management, Flexibility & Adaptability to changes.
  5. Willingness to work in US, ASIA & EMEA shifts.
  6. Exception Handling & Subject Matter Expertise, Challenges status quo.


Minimum Qualifications
Bachelor’s degree in Commerce or Science
Post Graduate in Finance, Well versed with Financial & Banking Concepts and Residential Loan Life Cycle.
Minimum Experience
4+ years of experience; in US Mortgage Originations preferably with Jumbo Loans.
Technical Skills
Deep understanding of all stages of Mortgage Originations.
Proficiency in all US Mortgage Origination Documents.
Excellent knowledge of US Mortgage Concepts & Ratios.
Working knowledge of major US Mortgage Regulations.
Good MS Office skills.
Experience in MIS generation, distribution and data analysis & knowledge quality tools.
Must have had exposure to production management, work allocation, prioritization, exception handling, and process documentation.

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