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30/04 Jayshree Sharma
Recruitment Team at Altisource

Views:11421 Applications:138 Rec. Actions:Recruiter Actions:7

Altisource - Senior Manager - Originations Services (8-15 yrs)

Mumbai Job Code: 330812

About Altisource :

- Altisource provides services to some of the most respected organizations in their industries, including one of the nation's largest sub-prime servicers, government agencies and many lenders, servicers, investors, mortgage bankers, credit unions, financial services and hedge funds companies across the country.

- Altisource improves the performance and profitability of its clients by leveraging a global workforce, integrated technologies and decision models.

Altisource has three primary business segments including :

Mortgage Services :

Default Management :

- A full range of solutions to manage defaulted loans from valuation and back-office administrative support to processing short sale and deed-in-lieu transactions.

REO Asset Management:

- End-to-end real estate management solutions available through a single vendor platform that maximize net proceeds and reduce REO sales timelines.

REO Sales :

- A national real estate brokerage featuring a combination of traditional and online bidding sales strategies to provide maximum exposure to properties.

Settlement Services :

- Closing, escrow and title insurance solutions to efficiently close REO, new home purchases and home refinance transactions.

Origination :

- Custom solutions from appraisals to fulfillment to meet each client's unique needs and fluctuating volume requirements.

Financial Services :

- Nationwide Credit, Inc, One of the largest asset recovery and customer relationship management agencies in the country providing contingency collections, legal management, customer relationship management and charge-off mortgage collections.

Technology Services :

- A full suite of enterprise technologies to enable vendor and order management, commercial and residential real estate servicing, homeowner retention, document management, invoice presentment and payment and more.

What does it mean to work for Altisource :

At Altisource, we strive to create an environment that :

- Provides the best and brightest people as colleagues in an extremely positive, high energy and collaborative environment

- Encourages meritocracy and provides career opportunities within the organization

- Rewards high performance, provides a challenging career path to meet individual aspirations

- Provides learning opportunities through focused developmental programs

Location : Mumbai(Jogeshwari)

Job Description :

Job Title : Senior Operations Manager,Origination Services

The candidate should have :

Candidate should be at a Manager Level, Senior Manager Level.

- Should be currently working with a US Mortgage Company

- Frontline Originations Experience is a mandate

- Underwriting experience is a preference

- Frontline originations experience + underwriting(preferred).

- Willing to work in night shifts, graveyard shifts

- Client facing role.

- Candidates from TCS, Accenture preferred


Role And Responsibilities :

- Maintain a working knowledge of all current mortgage industry guidelines, federal and state lending laws and have the ability to interpret credit policy, investor and origination guidelines

- Recruit, train and lead a team of offshore associates and analysts

- Manage the daily operations associated with the originations and fulfillment of residential mortgage loans

- Develop performance metrics for each position within area of responsibility and lead staff toward exceeding stated business objectives

- Develop monitoring and reporting capability to effectively track the performance of each functional area

- Utilize decision and reporting tools to minimize variability, improve quality and maximize profitability of the business

- Review loan file for compliance with client's policies and procedures and handle escalations

- Interact effectively with senior management, other departments and customers

Qualification/Requirements :

- Minimum 8 years of experience with at least 3 years in managing Originations Underwriting.

- Currently in an operations supervisory position handling a significant team size (at least 50+ associates)

- Deep understanding of US mortgage products and originations guidelines preferred.

- Excellent written and verbal communication skills with the business sense to recognize both departmental and company priorities.

- At least 3 years of experience in direct client communication (verbal & written)

- Management graduate preferred

- Open to working in shifts

Key Result Areas :

- Create a team capable of delivering excellent customer service and excellent loan quality.

- Meet or exceed team/department productivity standard with 100% accuracy.

- Meet client SLAs and ensure customer satisfaction.

- Motivate, develop and retain a disparate employee base.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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