Mortgage Quality Control Spec

HSBC Global Services Limited • Buffalo, NY

3d • Onsite

About The Position

The Mortgage Quality Control Specialist is responsible for assisting in meeting regulatory and investor quality control requirements and mitigating risk related to residential mortgage lending. Completing comprehensive reviews to ensure collateral integrity, documentation accuracy, and credit quality.

Requirements

• Mortgage Quality Control and/or underwriting experience as well as knowledge of Mortgage systems
• Strong mortgage business experience, including underwriting experience
• Prior working knowledge and experience in the calculation and verification of income and assets, evaluation of credit reports, purchase contracts, appraisals, title commitments and other loan pertinent documentation
• Proven communications, organizational, analytical, administrative, problem-solving and interpersonal skills
• Ability to write clear, concise, and supported findings
• Ability to work in a fast-paced environment and meet deadlines
• Strong working knowledge and use of Microsoft Word and Excel

Responsibilities

• Perform detailed residential underwriting and compliance analysis on loans in-process and post-closing for credit, compliance and documentation deficiencies and determines marketability of each loan
• Perform targets underwriting analysis on more complex mortgages such as self-employed borrowers
• Identify areas that require targeted reviews, recommend further testing and perform target reviews in accordance with the Quality Control Policy
• Identify and document deficiencies, errors, and fraud for each file reviewed. Recommend a course of action to remedy
• Perform re-verification of credit, income, and asset documentation to confirm compliance with internal policies, regulatory and investor requirements
• Review early payment defaults to identify any potential issues
• Review mortgage processes for effectiveness and quality. Assist management in making decisions to eliminate and minimize potential risk, including proactively reviewing pre-funding loans to identify deficiencies or possible misrepresentation
• Adhere strictly to compliance and operational risk controls in accordance with HSBC and regulatory standards, policies and practices, report control weaknesses, compliance breaches and operational loss events
• Work with internal and external auditors and regulatory examiners on internal control issues; consult with and offer recommendations as required
• Maintain awareness of changes in regulatory and credit policy guidelines that impact mortgage activities

Benefits

• competitive pay and benefits package
• robust Wellness Hub
• tailored professional development opportunities
• industry-leading volunteerism policy
• generous matching gift program
• comprehensive program of immersive Sustainability and Climate Change Initiatives
• Employee Resource Groups

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed