Lending Quality Control Specialist

Love Where You Work•Provo, UT

13d•Onsite

About The Position

Responsible for performing internal pre-fund audits. Reviews files for evidence of fraud and loan deficiencies. Responsible for providing materials for and responding to third party quality control audits. Responsible for preparing loan data for governmental reporting. Responsible for reviewing collateral valuations to ensure compliance with established policies, procedures, and legal requirements. Responsible for ensuring services are delivered to internal staff and external partners professionally and efficiently.

Requirements

Two-year college degree or an equivalent combination of formal real estate lending training and experience.
Understanding of real estate and commercial concepts and functions within the industry.
Understanding of analysis and decision-making approach required for auditing.
One to three years real estate lending or financial experience required.
Ability to operate related computer applications.
Solid analytical and problem-solving abilities.
Strong written and oral communication skills.
Well organized and able to balance workload and priorities.
Ability to work well independently.
Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together.
Frequently conveying detailed or important instructions or ideas accurately, loudly, or quickly.
Able to hear average or normal conversations and receive ordinary information.
Movements frequently and regularly required using the wrists, hands, and/or fingers.
Average, ordinary visual acuity necessary to prepare or inspect documents or products, or operate machinery.
Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally.
Ability to apply logical or scientific thinking to define problems, collect data, establish facts, and draw conclusions.
Able to interpret a variety of technical instructions and can deal with multiple variables.
Ability to compute various mortgage-related formulas; determine ratios, proportions, and percentages.
Able to perform very simple algebra.
Ability to read a variety of books, magazines, instruction manuals, atlases, and encyclopedias.
Ability to prepare memos, reports, and essays using proper punctuation, spelling, and grammar.
Ability to communicate distinctly with appropriate pauses and emphasis, correct pronunciation (or sign equivalent), and variation in word order, using present, perfect, and future tenses.

Nice To Haves

Fannie Mae guidelines
Freddie Mac guidelines
MI Companies (MGIC, NMI, Genworth, Arch, Radian, etc.)
FHA
VA
Adfitech Post close
Adfitech MERS

Responsibilities

Performing internal day-to-day Lending auditing activities.
Randomly sampling mortgage loans per Fannie/Freddie guidelines to conduct pre-funding audits.
Verifying, sampling, reviewing, confirming, and reporting in areas such as credit, collateral, income, and asset qualification and other general mortgage guidelines.
Identifying and reporting any fraud or loan deficiencies findings to corresponding parties and making recommendations for corrective action.
Staying apprised of investor guidelines, procedures, and regulatory changes impacting auditing requirements of all products to ensure adequate practices are being followed.
Evaluating adequacy of collateral valuations.
Giving recommendations on valuations and articulating any points of concern to the Loan Officer or escalating to management for further review when deemed appropriate.
Tracking work flow and ensuring that deadlines are met.
Delivering loans to investors and external auditors as requested.
Maintaining relationships with mortgage investors, mortgage insurance companies, and other providers, and acting as a liaison for audit findings.
Delivering files to external auditors upon request.
Managing daily monitoring of incoming investor audits and findings.
Presenting audit results from external parties as required to corresponding internal parties for response and remedy of QC reviews, providing any required follow-up items for review and satisfaction of the external auditors.
Maintaining current and relevant knowledge of processes and systems used within the home equity department.
Maintaining a professional demeanor when associating with members, vendors, and trade professionals.
Representing the credit union in contacts with consultants and trade professionals.
Ensuring that requests, questions, and problems are courteously and professionally resolved.
Ensuring that communications are efficient and effective.
Ensuring that the credit union's professional reputation is maintained both internally and externally.
Establishing and maintaining effective communication and coordination with credit union employees and with Management.
Informing Training and QC Manager of any significant problems.
Completing required reports, records, and other documentation.
Attending and participating in meetings and committees as required.
Working a regular and predictable schedule.