Home Loan Quality Control Specialist I

Red Canoe Credit Union•Longview, WA

About The Position

Performs the pre-funding Quality Control review for Fannie Mae products as well as portfolio loans. Processes reconveyances within the time period required by State regulations. Verifies the accuracy and completeness of loan documents, appraisal, income and asset documentation (including tax returns), to verify consistency with loan system data and underwriting decisions as required by Fannie Mae during the pre-funding Quality Control checkpoint. Tracks defects for each loan file by severity (Significant, Moderate, or Insignificant), type of defect, and name of Home Loan staff member responsible for the defect. The QC Specialist has the authority to stop documents from being drawn until defects are corrected. Ensures the credit union’s security interest is adequately protected. Assures loan files are properly in order. Assist the department in overall production by performing clerical and loan closing functions. Organize/file final title policies, payoffs, and other trailing documents. Adheres to the Servicing needs with our Servicing Center (CENLAR)

Requirements

Must have a general understanding of Fannie Mae guidelines and the ability to correctly interpret Desktop Underwriter (DU) findings.
Preferably a minimum of two years’ experience in mortgage lending, loan processing, loan funding, or related financial services field.
Must be a Notary for the State of Washington or be eligible to become a Notary.
Must be bondable.
Ability to organize and prioritize work.
Ability to handle the urgencies and complexities commensurate with the position, arriving at constructive solutions and maintaining positive relationships.
Friendly and outgoing.
High school diploma or equivalent.
Keyboard proficiency; typing speed of 30 WPM.
Ability to read English by sight; and, both speak and write English.
Ability to hear by telephone and in person.

Responsibilities

Quality Assurance/Analyzes Files - Ability to perform a manual underwrite of the loan file, including the appraisal, during the pre-funding checkpoint. Assure that all defects are cured prior to releasing the loan for document draw. Track, report, and trend all defects noted during the pre-funding checkpoint. Review each file and internal systems for accuracy of information, compliance, adherence to investor/secondary mortgage market guidelines (if applicable), etc.
Loan Filing/Tracking- Acts as a back-up for the Sr. Quality Control Specialist with monitoring of incomplete loan files, tracking and retrieval of missing title policies and other miscellaneous real estate documents. Assist Home Loan Department personnel in all aspects of mortgage lending.
HMDA Reporting - Acts as a back-up and support for the Sr. Quality Control Specialist for the monthly scrubs of all loans.
Reconveyance - Completes the necessary documents for a reconveyance on all paid off loans.
Servicing- Assist with Servicing/CENLAR-related inquires.
Annually review paid real estate loans and dispose of information allowed by our records retention procedures.
Order and maintain department supplies.
Knowledgeable of and consistently observes home loan guidelines, policies, and procedures.
Train on internal systems
Performs other duties as assigned by management.