Private Banking- Residential Real Estate Mortgage Specialist
The Mortgage Specialist is a centre of excellence delivering customized, complex mortgage lending solutions to Ultra High Net Worth and High Net Worth clients in Asia. This role works with Capital Advisors, Bankers, Investors, Wealth Advisors and Credit Executives to deliver best in class service to our clients on this credit specialty product. The primary focus is credit underwriting and coordination of closing for mortgages against properties in Hong Kong, Singapore and Australia. In addition the Asia mortgage team partners with colleagues in the U.S. and U.K. to underwrite mortgages in those jurisdictions. This role will also have primary responsibility for renewals of Hong Kong and Singapore mortgages, which includes acquiring all necessary information such as client financial statements, updated property valuations and proof of insurance to process the renewals in a timely manner.
Technical Skills and Industry Knowledge
- Deep understanding of the high net worth and ultra high net worth client profile and of the mortgage industry and its product offerings.
- Knowledge of residential real estate regulations and compliance issues for Hong Kong and Singapore.
- Ability to analyze client's balance sheet, cash flow, risk tolerance and financial objectives to ensure the client's needs are met and the loan structure falls within the Firm's risk parameters.
Client and Interpersonal Skills
- Ability to partner with Capital Advisors, Bankers, Investors, Wealth Advisors and Credit Executives to create an outstanding client experience.
- Excellent communication skills required for both in person and by phone meetings with clients and all parties related to the mortgage transaction.
- Consensus and relationship building skills necessary to operate as a mortgage solution expert on the WM integrated client teams.
- Self motivator and ability to break through barriers to facilitate change.
- Attention to detail required to coordinate with many groups, adhere to multiple jurisdictional issues, and follow through on loan closings and fundings.
Key Responsibilities
- Underwrite borrower/entity and collateral risk in support of mortgage lending solutions.
- Structure and price new mortgage opportunities.
- Conduct an annual review for each mortgage issued which will include re-underwriting based on updated property valuation, and could include working to resolve shortfalls with the client and integrated team members
- Coordinate internal credit approval process, effectively functioning as the bridge between the credit approver and internal support teams (documentation, appraisal services), the client and the integrated team members.
- Participate in banking team meetings to train integrated team members, and in client meetings to discuss mortgage solutions.
- Minimum 3 years Residential Real Estate Mortgage Lending experience, including loan underwriting, cash flow analysis and credit structuring experience from financial institution.
- Bachelors degree in financial, or related field, from an accredited, high quality institution
- Computer fluency
In addition, this position will require / requires National Mortgage Licensing System and Registry (NMLS) registration under the terms of the Safe Act of 2008. As such, upon active employment with JP Morgan Chase, you will be required to either register via the NMLS registry or re-register and move your previous registration to JP Morgan Chase's registration rolls. Your continued employment in this position with JP Morgan Chase is contingent upon successful registration after your start date and annual re-registration thereafter. In addition, information obtained during the registration process may impact your employment with the firm.
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