Loss Mitigation QC

About Consolidated Analytics, Inc.

Consolidated Analytics is a fast-growing mortgage and financial services company with Centers of Excellence in Chennai and Pune. Explore some of our featured openings below.

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

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