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The Mortgage QC Underwriter is responsible for rendering QC on closed loan files. He has to check that credit decisions on incoming applications consistent with underwriting policies, underwriting mortgage commitments, and verifying supporting documentation as submitted by applicants.
Job Responsibility:
Render QC on closed loan files
Check that credit decisions on incoming applications consistent with underwriting policies
Underwrite mortgage commitments
Verify supporting documentation as submitted by applicants
Analyze income & employment, credit strength, property appraisal, check over debt to income (DTI) and Loan to Value (LTV) and all other information pertinent to the credit decision process on each mortgage application
Validate that a prospective mortgagor’s loan application adheres to the lenders, Investors (Freddie or Fannie Mae’s) and guidelines of applicable government agencies 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 of legal documents, if present, to ensure the accuracy & completeness
Identify the mortgage insurance requirement (MI) and follow the MI guidelines, if applicable
Maintaining service level standards
Assisting in new-hire trainings
Perform internal Quality check, providing floor support and feedback to other staff
Responding to all emails efficiently
Adhering 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