Quality Control Underwriter

NightOwl Consulting Philippines Inc.; Philippines; On-site; PHP 781,000 - 1,116,000; Full time

Benefits offered by this job

Above market salary

HMO on Day 1 for principal and two dep

Government-mandated benefits

Performance-based Incentives

Quarterly Company Events

In-depth training for career growth

Great Company Culture and HRexperience

1,000 PHP De Minimis

Equipment and software provided

Job summary

NightOwl Consulting Philippines Inc. invites applications for a Quality Control Underwriter in our Back Office Loan Teams department.

The role focuses on ensuring loan quality and regulatory compliance within the mortgage sector. Responsibilities include reviewing loan files, using AUS (DU, LP) to assess eligibility, conducting pre-funding and post-closing audits, and preparing QC reports with actionable recommendations.

Qualifications

• 3+ years of mortgage underwriting or quality control experience.
• 3+ years of LOS experience (Encompass preferred).
• Deep knowledge of FHA, VA, USDA, Jumbo, NON-QM, and conventional guidelines.

Responsibilities

• Review mortgage loan files for investor/regulatory compliance.
• Use AUS such as DU and LP to assess eligibility and risk.
• Conduct pre-funding and post-closing audits to detect discrepancies and fraud indicators.
• Review appraisals, income documents, credit reports for accuracy.
• Analyze data to determine creditworthiness and adherence to underwriting standards.
• Prepare QC reports and recommendations for corrective action.
• Communicate audit results to underwriting teams and stakeholders.

Skills

Mortgage underwriting

Quality control

Tools

Encompass

ACES

Desktop Underwriter (DU)

Loan Prospector (LP)

Job description

Department: Loan Teams

Location: Back Office

Compensation: ₱70,000 - ₱100,000 / month

Join our dedicated team as a Quality Control Underwriter and contribute to maintaining the highest standards of loan quality in the mortgage industry. We are a leading financial services company committed to excellence and offer a supportive work environment with opportunities for professional growth.

Key Responsibilities

• Conduct thorough reviews of mortgage loan files to ensure compliance with investor guidelines, regulatory requirements, and company policies.
• Utilize Automated Underwriting Systems (AUS) such as Desktop Underwriter (DU) and Loan Prospector (LP) to assess loan eligibility and risk.
• Perform pre-funding and post-closing audits to identify discrepancies, errors, and fraud indicators.
• Review appraisals, income documentation, credit reports, and other relevant documents for accuracy and completeness.
• Analyze loan data and documentation to determine creditworthiness and adherence to underwriting standards, including LTV (Loan-to-Value) ratios and DTI (Debt-to-Income) ratios.
• Prepare detailed quality control reports and findings, documenting issues and providing recommendations for corrective action.
• Communicate audit results and findings to underwriting teams, management, and stakeholders, ensuring compliance with industry best practices.

Skills, Knowledge, and Expertise

• 3+ years of experience in mortgage underwriting, quality control, or related role.
• 3+ years of experience with LOS (Encompass preferred)
• Strong knowledge of mortgage industry regulations, including FHA, VA, USDA, Jumbo, NON-QM, and conventional loan guidelines.
• Proficiency in utilizing industry tools and software, such as Encompass and ACES (Automated Compliance and Evaluation System), to conduct quality control reviews.

Benefits

• Above market salary
• HMO on Day 1 for principal and two dependents
• Government-mandated benefits
• Performance-based Incentives
• Quarterly Company Events
• In-depth training for career growth
• Great Company Culture and HR experience
• 1,000 PHP De Minimis
• Equipment and software provided