Job Description
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
Ā Conduct thorough reviews of mortgage loan files to ensure compliance with investor guidelines, regulatory requirements, and company policies.
Ā Utilize Automated Underwriting Systems (AUS) such as Desktop Underwriter (DU) and Loan Prospector (LP) to assess loan eligibility and risk.
Ā Perform pre-funding and post-closing audits to identify discrepancies, errors, and fraud indicators.
Ā Review appraisals, income documentation, credit reports, and other relevant documents for accuracy and completeness.
Ā 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.
Ā Prepare detailed quality control reports and findings, documenting issues and providing recommendations for corrective action.
Ā Communicate audit results and findings to underwriting teams, management, and stakeholders, ensuring compliance with industry best practices.
Skills, Knowledge, and Expertise
Ā 3+ years of experience in mortgage underwriting, quality control, or related role.
Ā 3+ years of experience with LOS (Encompass preferred)
Ā Strong knowledge of mortgage industry regulations, including FHA, VA, USDA, Jumbo, NON-QM, and conventional loan guidelines.
Ā Proficiency in utilizing industry tools and software, such as Encompass and ACES (Automated Compliance and Evaluation System), to conduct quality control reviews.
Benefits
Ā Above market salary
Ā HMO on Day 1 for principal and two dependents
Ā Government-mandated benefits
Ā Performance-based Incentives
Ā Quarterly Company Events
Ā In-depth training for career growth
Ā Great Company Culture and HR experience
Ā 1,000 PHP De Minimis
Ā Equipment and software provided
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