Due Diligence Quality Control
About The Position
The Due Diligence Team is responsible for overseeing the due diligence audit review for the company’s correspondent channel and may also perform limited frontline underwriting under our retail and wholesale loan origination channels. The due diligence function serves as an audit review of correspondent submitted 1st and 2nd mortgage loans and investor conditions pre and post close including the subsequent follow up to clear conditions for purchase. The review includes multi-state, Conventional and FHA Correspondent loan packages for both purchases and refinance transactions.
Requirements
- Must have strong risk-based decision making and analytical skills.
- Requires strong, concise, and effective communication skills to support internal and external customer service needs.
- Must be detail orientated, organized, and work efficiently to promote timely pipeline management and accurate results.
- Professional attitude and appearance.
- Strong customer service skills.
- Effective interpersonal skills.
- Ability to be resourceful and proactive when issues arise.
- Excellent organizational skills.
- Excellent verbal communication skills.
- Excellent interpersonal and customer service skills.
- Basic understanding of administrative and clerical procedures and systems.
- Proficient with Microsoft Office Suite.
- High School Degree/GED.
- Minimum 2-years of position-related experience, preferably in mortgage with processing, post-close or Jr. underwriting.
- Must have knowledge of FNMA, FHA, and VA product guidelines.
- Must be authorized to legally work within the United States of America.
Responsibilities
- Review credit, income, assets, collateral documentation per investor guidelines and CBCMA overlays for compliance with investor and Agency guidelines and may include review and determination of the validity of third-party audit conditions.
- Utilizing internal checklists on Company’s proprietary system for the completion of audit reviews based on product type
- Ability to perform a minimum of 5 audit reviews a day according to Company’s defined audit review checklist
- Respond timely to clients in a clear, customer-centric manner
- Review and respond to documents uploaded to clear conditions
- Provide responses and support to Purchase Clearing team on validity of underwriting findings (3rd party due diligence and investor findings)
- Calculate income using traditional and non-traditional documentation to determine DTI ratios, and residual income figure when applicable
- Provide exceptional customer service to internal and external partners when trying to provide guidance on open conditions
- Other duties as may be assigned
Benefits
- medical, dental, and vision insurance coverage
- short- and long-term disability
- a 401(k) plan retirement investment
- 10 company holidays a year
- paid time off (PTO)
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
