Quality Control Analyst

Old National Bank•Lake Elmo, MN

23h•Onsite

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Requirements

One to four years of related experience and/or training.
Knowledge of, or experience in, mortgage loan processing and underwriting.
Ability to apply common sense understanding to carry out instructions furnished in written or oral form.
Effective communication skills.
Ability to multi-task.
Detail oriented.
Proficiency in Microsoft Office Applications, including Outlook email.
Import loan details from LOS, set up monthly audits, make selections, and assign to QCA2 & QCA3 accordingly and within the outlined timeframes.
Conduct timely ordering of reverifications, following up as required per procedure.
Review all reverifications received and escalate deficiencies as needed to the QCA2 and QCA3.
Maintain detailed tracking of all reverification orders placed, follow-up attempts made, and receipt of documents, including any discrepancies so that they may be provided to management for review as needed.
Complete meeting minutes for all meetings as assigned by management with delivery to management for distribution in a timely manner.

Responsibilities

Assisting the QC team with staying compliant with Agency, Investor, and Regulatory guidelines as it relates to the audit setup, loan import, and reverifications, including tracking the progress of the reverifications.
Completing all reverifications and tracking the progress of the reverifications.
Performing the GSA/LDP Audit for all Mortgage associates, on a quarterly basis.
Create the monthly audits for Prefund (Full Review and Component Review), Random, Discretionary, Adverse Action, and Early Payment Default (EPD)/Non-performing Loans (NPL).
Make loan selections and assign loans for each of the monthly audits.
Create monthly questionnaires for each of the monthly audits, removing any deactivated questions as specified in the monthly release from the vendor.
Keep abreast of all reverification guidelines and updating procedures as changes occur.
Maintain knowledge of all underwriting guidelines.
Process reverification requests for all selected loans, based on the audit parameters, adhering to Agency requirements.
Perform a detailed and thorough review of reverification documentation for data integrity; including but not limited to tax transcripts, borrower income/employment, assets, credit history, rent, property valuations, and owner-occupancy.
Order appraisal reviews on selected QC loan files through a 3rd party vendor.
Document attempts made to reverify all required information, including multiple attempts to obtain a reverification on “no response” requests, and ensuring completion within required timeframe.
Communicate inconsistencies observed on reverifications obtained, to the QCA2 and QCA3.
Perform administrative functions as assigned by management.
Assist teammates in the department with work as needed.
Ensure all job procedures as related to role are current in relation to agency, investor, regulatory, and internal guidelines and reviewed at least annually.
Complete meeting minutes for all meetings as assigned by management with delivery to management for distribution in a timely manner.
Regular and reliable attendance.
Able to work overtime as needed.