Loss Mitigation QC

Consolidated Analytics; Chennai District; On-site; INR 500,000 - 800,000; Full time

Job summary

Consolidated Analytics in Chennai seeks a Loss Mitigation QC Specialist to manage the end-to-end default servicing process for US mortgages, ensuring compliance with investor guidelines and regulatory standards. This is a back-office role emphasizing accuracy and process discipline.

You will review LM and UW files, perform income calculations, and support loan types including Fannie Mae, Freddie Mac, FHA, VA, USDA, and asset loans, using Word, Excel, and Outlook.

Qualifications

• Bachelor's degree in business, finance, or a related field.
• 2–3 years of experience in US mortgage default servicing.
• Strong analytical and communication skills; detail-oriented.

Responsibilities

• End-to-end knowledge of US Mortgage Default Servicing cycle.
• Review and quality check LM and UW files.
• Work with loan types: Fannie Mae, Freddie Mac, FHA, VA, USDA, Asset loans.
• Perform income calculations (pay stubs, self-employment, rental, pension/SSI) per guidelines.
• Ensure compliance with investor guidelines and timeliness of deliverables.
• Use MS Office for documentation and reporting.

Skills

Critical thinking

Communication

Attention to detail

Education

Bachelor's degree in business/finance

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

Job Summary:

We are seeking a highly motivated and detail-oriented Loss Mitigation QC Specialist to join our Mortgage Servicing team. The successful candidate will be responsible for managing the end-to-end process of default servicing for US mortgages, ensuring compliance with all relevant regulations and investor guidelines. This role requires strong analytical skills, excellent communication abilities, and a thorough understanding of the mortgage servicing industry.

Primary Accountabilities:

• To have an end to end knowledge of US Mortgage Default Servicing cycle
• To have fair knowledge on Underwriting & Closing process in Loss Mitigation
• Capable of reviewing and quality check files related to LM and UW
• Should be able to work on various loan divisions such as Fannie Mae, Freddie Mac, FHA, VA, USDA & Asset Loans
• Performing income calculations (Pay stubs, Self-employment, Rental Income, Pension/SSI) based on the guidelines and Mortgage Application Assistance hardship requirements in underwriting process.
• To have end to end knowledge in loan mitigation process is required.
• Exposure of working on checklists is an added advantage.

Education:

A bachelor’s degree in business administration, finance, or a similar discipline is preferred.

Experience:

2 - 3 years of minimum experience in US mortgage industry, mostly handling default servicing.

Expertise:

Comprehensive understanding of Default servicing, Loss Mitigation process and exposure to MSP.

Skills:

• Ability to think critically and solve problems is strong.
• Excellent communication skills both in writing and speaking.
• Proficiency using Word, Excel, and Outlook from the Microsoft Office Suite.
• Familiarity with systems and software used in mortgage servicing.

Attributes:

• High attention to detail and accuracy.
• Ability to work independently and as part of a team.
• Strong organizational and time management skills.
• Ability to handle multiple tasks and meet deadlines.