US Mortgage Underwriter – Internal Quality Assurance | Ocrolus
- Full time
- @Ocrolus
Job Detail
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Job ID 12573
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Career Level Manager
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Experience 4-6 Years
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Industry IT & BPM
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Qualifications Degree Bachelor
Job Description
Location: Remote / India
Hours: 6:00 PM – 3:00 AM IST
Specialization: Conventional (Fannie Mae / Freddie Mac) OR FHA / VA / USDA — we are hiring both
Team: Underwriting Quality Assurance
Summary
We are seeking a detail-driven Mortgage Underwriter to join our internal Quality Assurance function. In this role you will review and audit underwriting decisions and automated underwriting outputs — income calculations, condition sets, AUS application and credit/asset/collateral analysis — to confirm they are accurate and fully compliant with Fannie Mae, Freddie Mac, FHA, VA and USDA guidelines.
You are the last line of defense on quality: you catch errors before they reach a customer, quantify error trends, and close the feedback loop with the underwriting and product teams so the same mistake does not happen twice.
What you’ll do
Quality review & audit
- Perform second-level QC reviews of underwritten files and product-generated underwriting outputs, verifying the correct application of agency and investor guidelines.
- Re-calculate and validate income (self-employed, rental, variable) and confirm calculator output, DTI/LTV, reserves and condition accuracy.
- Audit AUS findings interpretation, credit evaluation and collateral analysis against the applicable program.
- Maintain QC checklists, scorecards and defect taxonomies; ensure consistent, repeatable review standards.
Error tracking & calibration
- Log discrepancies precisely, classify root cause, and track defect trends over time.
- Run calibration sessions with underwriters and reviewers to drive scoring consistency.
- Surface recurring issues to product and underwriting leadership with clear, evidence-backed recommendations.
Communication
- Document findings thoroughly and communicate them constructively to both technical and non-technical teams.
- Partner with leadership to report quality metrics and improvement plans.
Who we’re looking for
- 5+ years of US mortgage underwriting experience; QA / QC / audit exposure strongly preferred.
- Meticulous attention to detail and a guideline-literal, accuracy-first mindset.
- Deep knowledge of Fannie Mae and Freddie Mac guidelines; FHA / VA / USDA depth for the government-program track.
- Strong command of income calculation across W-2, self-employed (Schedule C, K-1, 1065, 1120/1120S, Form 8825), rental, variable, bonus and commission income.
- Hands-on review of borrower documentation — income, assets, credit, AUS findings (DU/LPA) and collateral.
- Excellent written and verbal communication; able to translate complex underwriting concepts into clear, simple language.
Preferred qualifications
- Experience building or running QC scorecards, calibration programs or defect-tracking processes.
- Familiarity with automated income calculation or verification platforms.
- Comfort working with data to spot error patterns and quantify quality.
Send your profile directly to: agoel@ocrolus.com
Required skills
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