Location: Pune / Gandhinagar
Experience: 6-12 Years in Mortgage Underwriting Domain
Shift: US Shifts
Band: BPO 2 / 3 / 4
Salary: Up to ₹12 LPA
The Mortgage QC Underwriter will be responsible for performing quality checks on closed loan files and ensuring that underwriting decisions comply with lender, investor, and government guidelines.
Key Responsibilities
- Analyze income, employment, credit strength, property appraisal, Debt-to-Income (DTI), Loan-to-Value (LTV), and other critical mortgage-related information.
- Assess risk involved in approving loans and determine acceptability to the lender.
- Identify and mark deficiencies or errors observed in loan files.
- Verify supporting documents such as employment proofs, source of down payment/reserves, appraisal reports, and title commitments.
- Review legal documents to ensure completeness and accuracy.
- Identify Mortgage Insurance (MI) requirements and follow MI guidelines where applicable.
Additional Responsibilities
- Maintain service level standards and underwriting timelines
- Support new-hire training activities
- Perform internal quality checks and provide floor support
- Ensure adherence to process quality and compliance standards
Required Skills & Experience
- Minimum 6-12 years of conventional mortgage underwriting / QA / QC experience
- Strong understanding of the complete loan cycle
- Hands-on knowledge of Desktop Underwriter (DU) and Loan Prospector (LP)
- Excellent analytical and problem-solving skills
- Solid verbal and written communication skills
- Ability to multitask and work across multiple systems/screens
- Flexible to work in US/night shifts
- Proficiency in MS Office
- Strong attention to detail and customer-focused mindset
- Good interpersonal and team collaboration skills
Qualifications:
Essential:
- Graduates with a minimum of 24-36 months of US Mortgage Underwriting experience
Preferred:
- Exposure to FNMA and FHLMC guidelines
- Knowledge of Mortgage Insurance