Mortgage Quality Control Specialist
About The Position
Responsible for Quality Control of the following areas: pre-funding, post-closing, servicing, and EPDs. Audit loan files for accuracy, completeness, and compliance with investor, federal, and company guidelines. Identify loan-level risks and report findings to improve the process and reduce lender liability. Autonomous review of loan-level documentation, such as appraisal, income, assets, and verifications. Ensure adherence to policies, guidelines, and regulations. Identify and investigate potential red flags, including fraud or compliance risks and discrepancies. Conduct QC-related vendor reviews, per Agency requirements. Review adverse disposition requests to ensure files met HMDA requirements, fair lending requirements, and denial notification requirements. Remain current on all FHA, VA, Fannie Mae, Freddie Mac, investor, and state and federal guidelines and regulations.
Requirements
- 3+ Years of background in residential mortgage underwriting or mortgage QC experience
- Detail- oriented with strong analytical and problem-solving abilities
- Ability to work with a high degree of accuracy in a fast-paced work environment
- Excellent written and verbal skills for reporting and team collaboration
- Proficiency with Encompass loan origination system and QC software
- Strong understanding of mortgage origination, mortgage regulations and Agency and investor guidelines
Responsibilities
- Quality Control of pre-funding
- Quality Control of post-closing
- Quality Control of servicing
- Quality Control of EPDs
- Audit loan files for accuracy, completeness, and compliance with investor, federal, and company guidelines
- Identify loan-level risks and report findings to improve the process and reduce lender liability
- Autonomous review of loan-level documentation, such as appraisal, income, assets, and verifications
- Ensure adherence to policies, guidelines, and regulations
- Identify and investigate potential red flags, including fraud or compliance risks and discrepancies
- Conduct QC-related vendor reviews, per Agency requirements
- Review adverse disposition requests to ensure files met HMDA requirements, fair lending requirements, and denial notification requirements
- Remain current on all FHA, VA, Fannie Mae, Freddie Mac, investor, and state and federal guidelines and regulations
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
