Internal Audit Analyst

New American Funding•Santa Ana, CA

1d•Hybrid

About The Position

The Internal Audit Analyst is an important member of the Internal Audit Department. The Internal Audit Analyst is responsible for participating in and performing risk-based internal audits and control testing on mortgage origination operations. This role ensures origination activities comply with New American Funding’s policies and procedures, investor, Federal and State regulations, and TRID regulatory requirements. A background in Quality Control, Quality Assurance, Underwriting, Processing, and/or Funding is essential. The analyst will assist in planning, executing, and reporting audit results that drive operation improvements and support organizational integrity. It is important for the Internal Audit Analyst to have both a collaborative point of view as well as being able to work on assigned projects which may only require individual participation with minimal supervision.

Requirements

Bachelor’s Degree or equivalent business experience.
2-3 years of experience in mortgage origination compliance, audit, or quality control in a bank, mortgage company, or audit/consulting firm.
Strong understanding of origination regulations and guidelines (FHA, VA, FNMA, FHLMC, RESPA, CFPB) and operational risk management.
Detail-oriented with excellent analytical, organizational, and communication skills.
Proficient with Microsoft Office Suite (Excel, Word, Outlook, PowerPoint).
Strong business acumen with ability to collaborate with people having a diverse background.
Ability to work within a team environment as well as independently and manage multiple assignments within deadlines.
AI experience using artificial intelligence software to summarize documents and analyze data to create efficiencies, and to obtain the best possible output for business tasks.
Able to present findings clearly and professionally, both in writing and in conversation.
Strong listening skills.
Maintains confidentiality and objectivity throughout the audit process.
Comfortable working in a dynamic environment and adjusting to changing priorities.
Able to assess complex data and identify trends, gaps, or anomalies.

Nice To Haves

Encompass experience preferred
Robust mortgage industry experience is highly desirable.
Ability to build relationships across the organization.
Effective communicator both written and oral.

Responsibilities

Perform testing of mortgage origination activities in accordance with audit programs, federal/state regulations, investor/insurer guidelines and company policy and procedures.
Identify control weaknesses and process inefficiencies and document audit findings with clear root causes and recommendations.
Collaborate with audit team members to validate findings and observations.
Maintain organized and accurate workpapers that support audit conclusions and comply with internal audit standards.
Review mortgage origination rules and regulations to assess potential audit impacts.
Participate in continuous improvement initiatives to enhance audit methodology, tools, and reporting, including the use of Artificial Intelligence (AI).
Perform discretionary, special, and required audits.
Work within the audit team to meet management’s objective and audit schedules.
Recommend changes to testing procedures based on completed findings if needed.
Participate in company sponsored training events to further develop industry knowledge and business lending requirements.
Escalate potential issues to senior auditors and management promptly.
Maintain awareness of changes to regulatory (TRID), operational and investor guidelines.
Participation in the consolidation and distribution of various reports within the Internal Audit Department
Participate in the monthly reporting of audits/test findings with the Business Owners, Department Managers and Senior Management staff.
Assist Internal Audit Manager with development of additional audit/testing development and /or projects as needed, required, or requested.