Post Quality Control Auditor

New American Funding

5d • Hybrid

About The Position

Primary responsibilities for this position include in-depth file reviews of all assigned post-closing quality control audits. The role requires extensive experience in detecting and preventing loan fraud, along with comprehensive underwriting and guideline knowledge for both conventional and government loans. Working in a paperless environment and utilizing a Loan Origination System (LOS), the Post QC Quality Control Auditor is expected to perform loan level risk analysis and collaborate closely with other operational departments.

Requirements

• Strong ability to detect possible misrepresentation and/or fraud.
• Previous underwriting experience, and/or Quality Control review/audit experience of mortgage loans.
• Working knowledge of investor guidelines such as FNMA, FHLMC, FHA, VA, USDA, Jumbo and Reverse.
• Ability to analyze risk as it relates to investment quality loans, critical thinking with short yet comprehensive write ups.
• Extensive knowledge of DU, LP and manually underwritten loans.
• Ability to review audit documentation, perform analysis, validate and document potential risk to determine course of appropriate corrective action and/or make recommendations of such action.
• Excellent written and oral communication skills with the ability to rate and categorize risk ratings in a clear and concise manner.
• 5 or more years’ underwriting, credit and/or QC experience.
• Must be able to verify identity and employment eligibility to work in the U.S.

Nice To Haves

• DE and/or VA underwriting designations preferred but not required.

Responsibilities

• Quality control audits of closed loans with focus on delinquent loans, oversight audits of post QC vendor work or other closed loan file audits as needed while maintaining daily productivity levels of audits completed.
• Perform in-depth reviews and analysis of mortgage loans as assigned by Post Quality Control Manager.
• Perform risk analysis with identification of loan level defects with escalation to management.
• Audit results incorporate risk ratings, standardized defect categories along with determination if the findings is related to underwriting, compliance or quality control related.
• Early detection and prevention of fraud, familiarity with red flags.
• Perform review of reverifications as required per investors, agencies and NAF QC Plan with identification of discrepancies.
• Ensure all loans are underwritten in accordance with all required Investor and agency guidelines such as, FNMA, FHLMC, HUD, VA, USDA and Jumbo.
• Maintain knowledge of underwriting guidelines, AUS (DU, LP and Manual) requirements, NAF overlays, NAF policy and procedures.
• Data integrity reviews.
• Continuous education via webinars and other training.
• Assist management as needed with Post QC vendor findings and resolutions.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed
• Number of Employees: 1-10 employees