(Chennai) Mphasis – Walkin On 7th Oct – 11th Oct – Register Now To Apply

Job description :
Role & responsibilities :

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, Review at ICD, Review Checklist prior to submission to Closing, Review Needs List, Review Documentation, Cite Findings for Missing Documentation, Review Doc Expiration Dates, Cite Findings for Expired Documentation, Review Income Calculations, Cite Findings for Income Errors, Confirm loan product is in compliance with program guidelines and borrower eligibility

• Review employment documentation and re-calculate income documentation

• Reviews loan files submitted by U/W for borrowers to ensure file meets loan program requirements. Includes analysis of: loan application, credit profile/report(s), debt and assets, income/financial statements, loan values/loan-to-value ratios, appraisal reports, collateral and supporting documentation

• Review credit report and re-calculate liabilities

• Review title commitments, hazard and flood insurance

• Perform Appraisal Reviews for completeness and compliance with program guidelines

• Identify all red flags within a loan file and ensure they are addressed accordingly

• Other Ad Hoc Reviews as needed

• Follow quality control policies and procedures to ensure compliance with scopes of work

• Support the Unit(s) by providing accurate, concise, and constructive feedback details to Team Managers and responsible team members

• Must be able to fulfill the role of subject matter expert for the team and scope assigned

• Assist leadership team as needed

Requirements:

• Most currently be a U/W QC and should have demonstrated excellent quality.

• Must have demonstrable, relevant skills and experience in quality control support and practices in the mortgage loan industry

• Demonstrate impeccable written and verbal communication skills

• Excellent time management skills with an emphasis on quality

• Should have knowledge in the policies, principles and practices of mortgage loan processing, and underwriting

• Must be self-motivated, creative and able to work in a team environment while thinking independently and sharing knowledge and ideas

• Must be able to multitask between multiple analytical projects and able to adapt to constant modification of the workflow

• Strong computer skills

Perks and benefits :

Cab Services – Pick and Drop

Contact Person – Neha/Jesso/Shivani