Job Opportunities in Philippines

JOB DESCRIPTION
Seize the opportunity to be part of Asset & Wealth Management as Underwriting Analyst!
As an Underwriting Analyst, you will support the JPMorgan Private Banking Mortgage business though Underwriting Analysis to determine Credit Risk on Mortgage applications. The team is responsible for underwriting loans for Private Banking Clients and ensures the decision conforms to the internal credit policy. The loans usually belong to Private Banking HNW and UHNW clients. The functions performed by this team are critical to mortgage origination business. Individuals may work directly with Mortgage loan originators; US based operations group and other internal/external partners throughout the Mortgage origination life cycle.
Job Responsibilities:

• Review document & entry of loan information as per current underwriting guidelines into loan system
• Analyze income - Review & validation of US documents such as Paystubs, W2’s, Tax Returns, K-1’s & others to calculate income as part of Debt-to-Income ratio analysis
• Analyze credit - Review of consumer credit report to determine monthly obligations as part of Debt-to-Income analysis. Review of credit scores, delinquencies, and public records i.e. Judgments liens, Foreclosures, and Bankruptcies to determine credit worthiness of the clients. Review of Credit Report in adherence to FACT ACT & FCRA regulations
• Balance Sheet & Financial Analysis - Review & analysis of Personal Financial Statements along with JPM & 3rd party asset statements. Determination of Liquid & Non-Liquid Assets and Liabilities to correctly calculate Liquidity & Leverage ratios
• Coordinate with Mortgage Solutions Team (Front Office) & development of necessary credit information per current underwriting guidelines (Loan Application Development)
• Review credit conditions - Addition of relevant underwriting conditions basis the loan application & ensuring these conditions are cleared on a timely basis
• Partnering with Mortgage Solutions, Mortgage Credit team and other internal teams within mortgage operations to resolve exceptional scenarios and take the loan towards final decision
• Identify credit risks, collateral variances & deviations from standard underwriting guidelines
• Adherence to the 30-day timeline for all credit decisions from Regulation B (ECOA) standpoint.

Required Qualifications, Capabilities and Skills:

• Bachelor’s degree preferably in Business, Finance, Accounting, or any related course.
• 2-3 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 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.

Preferred Qualification, Capabilities and Skills.

• 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.

ABOUT US

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.