About This Role
This role focuses on quality control for closed loan files, ensuring that all credit decisions align with underwriting policies and commitments. It involves verifying supporting documentation and assessing the risk associated with each mortgage application.
Responsibilities
- Analyze income and employment, credit strength, property appraisal, debt-to-income (DTI), loan-to-value (LTV), and all other information pertinent to the credit decision process on each mortgage application as presented by the applicant
- Validate that a prospective mortgagor's loan application adheres to the lenders', Investors' (Freddie or Fannie Mae's), and applicable government agencies' guidelines to approve the loan
- Analyze the risk involved in approving a loan to determine whether or not it is acceptable to the lender
- Mark errors for any deficiencies observed on the loan
- Verify accuracy of supporting employment documents, source of down payment/reserves, appraisal value, and property title commitment received
- Review legal documents, if present, to ensure accuracy and completeness
- Identify the mortgage insurance requirement (MI) and follow the MI guidelines, if applicable
- Maintain service level standards
- Assist in new-hire trainings
- Perform internal quality checks, providing floor support and feedback to other staff
- Respond to all emails efficiently
- Adhere to all underwriting deadlines
Requirements
- Minimum 24-36 months of conventional mortgage underwriting/QA/QC experience
- Knowledge of full loan cycle (from beginning to end)
- Strong understanding of Desktop Underwriter (DU) and Loan Prospector (LP)
- Strong communication skills, verbal and written
- Strong analytical skills
- Demonstrated ability to resolve complicated issues as they arise
- Proven organizational skills and demonstrated ability to prioritize and multi-task
- Diploma
Benefits
- Discretionary Annual Incentive
- Comprehensive Medical Coverage: Medical and Health, Dental and Vision, Disability Planning and Insurance, Pet Insurance Plans
- Family Support: Maternal and Parental Leaves
- Insurance Options: Auto and Home Insurance, Identity Theft Protection
- Convenience and Professional Growth: Commuter Benefits and Certification and Training Reimbursement
- Time Off: Vacation, Time Off, Sick Leave and Holidays
- Legal and Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing
About the Company
TCS, a global leader in IT services, consulting, and business solutions, leverages technology for business transformation and helps catalyze change.
