QC Mortgage Underwriter

TCS, a global leader in IT services, consulting, and business solutions, leverages technology for business transformation and helps catalyze change.

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.
• 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, as presented by the applicant.
• Underwriter to validate that a prospective mortgagors loan application adheres to the lenders, Investors (Freddie or Fannie Maes) and guidelines of applicable government agencies to approve the loan.
• Analyzing 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.

Additional responsibilities for the Mortgage Underwriter include:
• 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

Knowledge/Experience:
• 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)


Competencies/Skills:
• 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

TCS Employee Benefits Summary:
• Discretionary Annual Incentive.
• Comprehensive Medical Coverage: Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.
• Family Support: Maternal & Parental Leaves.
• Insurance Options: Auto & Home Insurance, Identity Theft Protection.
• Convenience & Professional Growth: Commuter Benefits & Certification & Training Reimbursement.
• Time Off: Vacation, Time Off, Sick Leave & Holidays.
• Legal & Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing.

Salary Range: $65,000 - $80,000 per year