QC Underwriting

Mphasis; Pune City; On-site; INR 400,000 - 700,000; Full time

Job summary

Join a leading company as a Quality Control Analyst in Pune and be part of a dynamic team specializing in mortgage services. The role involves performing quality control reviews, ensuring adherence to lending guidelines, and collaborating with key stakeholders to maintain high quality standards. This entry-level position offers a unique opportunity to grow in the finance sector.

Qualifications

• Current U/W QC experience required with excellent quality.
• Relevant skills in mortgage loan quality control support.
• Self-motivated, team-oriented, and creative.

Responsibilities

• Perform in-line quality control reviews of mortgage loan files.
• Review applications for completeness prior to final approval.
• Identify red flags and ensure they are addressed appropriately.

Skills

Attention to detail

Excellent written communication

Excellent verbal communication

Strong time management

Multitasking abilities

Tools

Computer skills

Job description

Join to apply for the QC Underwriting role at Mphasis.

Quality Control Analyst – U/W QC

Digital Risk’s mission to Make Mortgages Safe relies on the perfect blending of human experience and state-of-the-art technology to serve its workforce and clients.

Digital Risk’s 1,500+ team members make us one of the largest mortgage outsource providers in the U.S., supplying appraisal and mortgage processing, underwriting, and closing to the largest banks and loan originators.

Position Overview

Perform in-line quality control reviews of mortgage loan files for adherence to specific lender guidelines with an emphasis on buy-pre and post-closing audits, compliance, and other client required quality service levels. Reviews include identifying potential fraud and/or misrepresentation, processing / underwriting deficiencies, compliance violations, and/or applicable scope-specific opportunities. Partner with client’s quality departments and Digital Risk’s internal Corporate QA to align, calibrate, and respond to quality plans and findings. Work within a corporate structure, as well as within the client-level management team to ensure alignment of company and client quality standards.

Essential Job Functions

• Review and provide Quality Control feedback on loan file reviews completed by internal staff.
• Review applications for completeness prior to final underwriting approval, ICD, Checklist, Needs List, Documentation, and cite findings for missing or expired documentation, income errors, and compliance issues.
• Review employment documentation, recalculate income, and ensure loan files meet program requirements, including analysis of application, credit reports, assets, income, appraisal reports, and collateral.
• Identify red flags within loan files and ensure they are addressed accordingly.
• Perform appraisal reviews for completeness and compliance.
• Support the team by providing accurate, concise, and constructive feedback.
• Assist leadership as needed.

Requirements

• Must have current U/W QC experience with demonstrated excellent quality.
• Relevant skills and experience in mortgage loan quality control support and practices.
• Excellent written and verbal communication skills.
• Strong time management and multitasking abilities.
• Knowledge of mortgage processing and underwriting policies and practices.
• Self-motivated, creative, team-oriented, and independent thinker.
• Proficient in computer skills.

Additional Details

• Seniority level: Entry level
• Employment type: Full-time
• Job function: Finance and Sales
• Industries: IT Services and IT Consulting