MORTGAGE LOANS CONTROL SPEC. - MORTGAGE QUALITY & PRODUCT RISK - FIRSTBANK PR

First BanCorp

18d

About The Position

The Mortgage Loans Control Specialist is responsible for performing Quality monitoring for residential mortgage loans management (originations, servicing, and default among others) . The objective of the role is to assess the quality of mortgage loan portfolio by evaluating whether loan transactions are underwritten and serviced in accordance with policies, procedures, applicable regulations (RESPA, TILA, HMDA, ECOA, FCRA, etc.), and investor and guarantor guidelines. Report identified errors and risks. Also, performs tasks that allow for all government guarantees; including FHA, VA, RURAL and manages task required by any government agency special programs. Provides solutions and solves problems to ensure that government loans are guaranteed. Provides support to business units in regards to all guarantees to be requested. Conduct review loans for HMDA Report, and identify errors in its codifications. Also identify required evidences to document HMDA codification and decisions.

Requirements

Associate Degree in Business Administration or related field.
Three to five years of relevant experience in Mortgage
Customer service: Manages difficult or emotional customer situations and responds promptly to customer needs
Team Work: Contributes to building a positive team spirit
Ethics: Treats people with respect and upholds organizational values
Quality: Demonstrates accuracy and thoroughness and looks for ways to improve and promote quality
Computer literate (Word, Excel)
Good verbal and written communication in both English and Spanish.
Knowledge in FHA, Vivienda, Rural and VA products

Responsibilities

Ensure that all required items are provided, validated/verified in accordance with company policies and procedures, state and federal regulations.
Ensure accuracy of loan disclosures and documentation.
Document and communicate the results of the reviews.
Validate responses to quality findings.
Reviews and prepares guarantee to be sent to applicable government agencies. Ensures that all closed loans to be guaranteed are properly and timely managed. Prepares report of exceptions noted during the review and preparation of the guarantee request.
Maintains a detailed report of all loans closed, sent and guaranteed along with a report of the details of cases being returned. Responsible in providing support as needed to ensure all FHA loans pooled are correctly guaranteed. Monitors purchased loans as to loan guarantee.
Provides support to the business unit. Maintains business up to date on industry changes relating to mortgage loans.
Provides support on any Conforming, FHA, Rural, Vivienda or VA audits assigned. Responsibility may include a status report of ongoing matters identified in the audit.
Perform special reviews in accordance with procedures, as assigned.
All other duties as assigned (note: essential functions and responsibilities may change or new ones may be assigned at any time with or without notice).