US Mortgage - Quality Manager
- Infinity Data
- 6 - 11 years
- Pune
- 4 months ago
- Email to a friend
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Job Description
Job Title: Quality Manager US Mortgage Process
About the Role:
We are seeking an experienced Quality Manager to oversee quality assurance and compliance within US mortgage servicing, with a focus on Scratch & Dent (S&D), Qualified Mortgage (QM) / Ability-to-Repay (ATR) regulatory compliance, foreclosure, bankruptcy, loss mitigation, loan modification, and title. The ideal candidate will ensure adherence to regulatory guidelines, investor requirements, and company policies while improving the overall loan quality review process.
Post Quality Manager US Mortgage - Work from Office
Location Bangalore / Pune
Job Shift Night Shift (7 Pm to 5 Am) 5 Days Working
US Mortgage Experience is Mandatory
Key Responsibilities:
- Lead the quality control review process for Scratch & Dent mortgage loans to assess underwriting errors, compliance issues, and investor eligibility.
- Conduct QM/ATR compliance reviews to validate adherence to CFPB regulations, ensuring loan origination and underwriting meet federal and state requirements.
- Perform comprehensive foreclosure, bankruptcy, loss mitigation, and loan modification reviews to ensure compliance with investor guidelines and regulatory requirements.
- Conduct title reviews to identify title defects, liens, encumbrances, and ownership issues, ensuring clear and marketable title.
- Evaluate loans for compliance fails, including HPML (Higher-Priced Mortgage Loans), High-Cost loans, TRID tolerance violations, TILA (Truth in Lending Act) discrepancies, finance charge miscalculations, state regulation failures, and point and fee errors.
- Develop and implement quality control procedures, policies, checklists, and reporting to enhance the mortgage servicing review process.
- Collaborate with underwriting, risk, legal, compliance, and audit teams to identify risk trends and develop training and corrective action plans.
- Ensure adherence to investor guidelines (e.g., Fannie Mae, Freddie Mac, FHA, VA, private investors) in Scratch & Dent loan assessments.
- Perform root cause analysis of defects, recommend solutions, and drive process improvements.
- Provide training and guidance to quality control analysts and servicing teams to improve loan quality and compliance awareness.
- Monitor regulatory changes in mortgage servicing, QM, ATR, foreclosure, bankruptcy, loss mitigation, modification, title review, compliance fails, and secondary market guidelines, ensuring policies and procedures remain up to date.
- Report findings and key performance indicators (KPIs) to senior management and stakeholders.
Requirements:
- 5+ years of experience in mortgage quality control, underwriting, compliance, or risk management within US mortgage servicing.
- Deep knowledge of Scratch & Dent loan review, QM/ATR regulations, foreclosure, bankruptcy, loss mitigation, modification, title review, and CFPB mortgage servicing guidelines.
- Strong knowledge of title review processes, title defects, and resolution strategies.
- Expertise in identifying and resolving compliance fails, including HPML, High-Cost loans, TRID tolerance, TILA, finance charges, state regulation fails, and point and fee miscalculations.
- Familiarity with GSE (Fannie Mae, Freddie Mac), FHA, VA, USDA, and non-QM mortgage products.
- Strong understanding of loan origination systems (LOS), servicing platforms, and QC tools.
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Quality AssuranceRole Category: Business Process QualityRole: Quality Manager / SupervisorEmployement Type: Full timeContact Details:
Company: Infinity DataLocation(s): Pune
Keyskills: Root Cause Analysis Loss Mitigation Us Mortgage Underwriting TRID Quality Control freddie mac Loan Origination fannie mae Post Closing Quality Check TILA Atr
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Infinity Data
Company Profile:Infinity Data Technologies Pvt. Ltd.Infinity is a 16 year old Financial due diligence firm, providing risk mitigation and consulting services to investment bankers, Hedge funds and real estate investment trusts. With state of the art technology and a committed work force ...
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