Join EY's Financial Services Office (FSO) and contribute to a global leader in integrated services for financial institutions and capital markets. As part of the Financial Services Risk Management (FSRM) group within our Risk Consulting Practice, you will help clients identify, measure, manage, and monitor various financial risks.

This role is within the Mortgage Quality Control (QC) team, focusing on independent reviews of residential mortgage loans. You will evaluate underwriting decisions, policy adherence, and compliance with investor and regulatory standards. Your expertise will drive enhanced mortgage credit quality, operational efficiency, and robust risk management frameworks.

Perform comprehensive pre-funding and post-funding Quality Control (QC) reviews on residential mortgage loan files to ensure accuracy and compliance.

Validate key underwriting calculations, borrower documentation, and collateral-related documents against lending guidelines. Assess adherence to investor, regulatory, and internal credit policies.

Identify and document QC findings, conduct root cause analysis, and report defect trends to support continuous improvement initiatives. Collaborate with various teams to discuss findings and facilitate remediation actions.

Prepare detailed QC reports, dashboards, and management summaries for stakeholders. Participate in calibration and quality assurance processes to maintain consistent review standards.

A Master of Business Administration (MBA) or Chartered Accountant (CA) qualification is required, along with 7-10 years of experience in mortgage QC, underwriting, or retail credit.

Possess strong analytical skills for loan file review and underwriting validation. Proficiency in Excel is essential, with exposure to reporting tools like Power BI or SQL being advantageous. Excellent communication skills are crucial for articulating findings and recommendations.

Familiarity with US residential mortgage products and underwriting frameworks is key. Experience in mortgage QC/QA, including defect identification and compliance validation, is necessary. Knowledge of agency lending standards and QC methodologies, such as defect grading and re-performance of underwriting, is expected.