QC Due Diligence Senior Underwriter
About The Position
As a Senior Quality Control Underwriter you'll be responsible for auditing Fannie Mae, Freddie Mac, FHA, VA, USDA, and Non-Agency loans by reviewing credit, capacity, compliance, and collateral characteristics of the loan file to ensure they meet investor quality standards. Perform a pre-funding quality control review of loans from the Retail and Correspondent divisions. Participate in the remediation of identified defects with Operations and Correspondent Sellers. Monitor the progress of implementation of action plans based on quality control findings and results. Communicate identified defects effectively to internal and external counterparties. Assist in developing QC audit and project plans. Monitor QC project pipelines and analyze reports to ensure deadlines are met. Analyze various reports and data to identify patterns of deficiencies and opportunities for improvement. Act as a resource and subject matter expert for questions regarding Quality Control.
Requirements
- 6+ years of related experience in Underwriting Review, Mortgage Quality Control or similar field.
- High school diploma required
- Advanced knowledge of residential mortgage industry in Correspondent or Retail Lending, including sales, operations, capital markets and/or other residential mortgage products and services.
- Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
- Advanced knowledge of FNMA, FHLMC, FHA and VA guidelines and Federal regulatory guidelines and procedures.
- Advanced TRID knowledge.
- Basic knowledge of fraud detection.
- Advanced speaking and writing communication skills.
Nice To Haves
- Bachelor's degree or equivalent experience preferred.
Responsibilities
- Auditing Fannie Mae, Freddie Mac, FHA, VA, USDA, and Non-Agency loans by reviewing credit, capacity, compliance, and collateral characteristics of the loan file to ensure they meet investor quality standards.
- Perform a pre-funding quality control review of loans from the Retail and Correspondent divisions.
- Participate in the remediation of identified defects with Operations and Correspondent Sellers.
- Monitor the progress of implementation of action plans based on quality control findings and results.
- Communicate identified defects effectively to internal and external counterparties.
- Assist in developing QC audit and project plans.
- Monitor QC project pipelines and analyze reports to ensure deadlines are met.
- Analyze various reports and data to identify patterns of deficiencies and opportunities for improvement.
- Act as a resource and subject matter expert for questions regarding Quality Control.
Benefits
- Competitive salaries
- Ownership stake in the company
- Medical and dental insurance
- Time off
- 401k matching program
- Tuition assistance program
- Employee volunteer program
- Wellness program
- Opportunity to bolster business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
High school or GED
