Loss Mitigation QC

Job Title: Loss Mitigation QC

Shift: US Shift

Location: Teynampet, Chennai

Work from Office

Key roles and responsibilities:

✓ To have an E2E Bird’s Eye view of the Default Servicing cycle of US Mortgage Loan Operations.

✓ To have fair knowledge on Underwriting & Closing process in Loss Mitigation

✓ Capable of reviewing and quality check files related to LM and UW

✓ Should be able to work on various loan divisions such as Fannie Mae, Freddie Mac, FHA, VA, USDA & Asset Loans

✓ Performing income calculations (Pay stubs, Self-employment, Rental Income, Pension/SSI) based on the guidelines and Mortgage Application Assistance hardship requirements in underwriting process.

✓ In Depth knowledge in Listing agreement, HUD1-settlement statement and Purchase contract, Divorce/ Separation agreement, Quit Claim Deed, LOE, POE & Child Support.

✓ To have an E2E knowledge on loan default cycle

✓ To have knowledge on DTI, CLTV, HCLTV calculations

✓ To have knowledge on Forbearance, Forbearance extension and Extension of Forbearance.

✓ Hawkeye for perfection in QC is required.

✓ To have E2E knowledge in closing and knowledge on loan mitigation closing is required.

✓ Exposure of working on checklists is an added advantage.

**An Exposure to tools like MSP Blacknight Director -7, AIQ, repay shall be an added advantage**