Quality Control Underwriter

Maxwell

93d

About The Position

Responsible for the Quality Control examination and documentation of loan reviews completed by underwriting and compliance teams as well as providing feedback on potential errors to act as subject matter expert. Provide procedures and address issues that may hinder accuracy, timeliness and or deadlines. Provide coaching, training and development to staff to ensure company and department goals and key performance indicators (KPIs) are met. Audit loans to verify salability or conduct final review of loan documentation for accuracy and completeness. Ensuring any exceptions are captured and recorded for incorrect or missing documentation, data errors, and any errors on findings. Maintaining communication with internal contacts to ensure expectations and timelines are met; escalating issues, as needed. Review mortgage loan files to ensure accuracy of information and verify presence of all required documents. May perform due diligence loan reviews, as needed. Executing risk analysis and make decisions regarding deficiencies identified during the review process and recommend resolution. Adhere to the companies “Core Values”. Other duties as assigned by manager.

Requirements

• 5+ years current experience in underwriting, preferably with prior experience in Quality Control and in Due Diligence.
• 3+ years experience reviewing NON QM loans.
• Experience with LauraMac.
• Ability to produce underwriting reports, analyze results, identify issues, and take corrective actions.
• Understanding of the credit rating agency requirements, grading and condition-clearing processes.
• Strong written and verbal communication skills - analytical ability, good judgment, detail-oriented, and organized.
• Strong ability to perform reviews for a wide range of investors using multiple sets of guidelines and overlays.
• Proficiency in pipeline management with ability to multitask in a high-volume environment.
• Familiarity with best practices for post-close quality control on newly and seasoned originated mortgages.
• Strong knowledge of Fannie Mae/Freddie Mac guides, QM / Ability to Repay Rules.
• Deep understanding of DSCR/business purposes loans.

Responsibilities

• Responsible for the Quality Control examination and documentation of loan reviews completed by underwriting and compliance teams.
• Provide procedures and address issues that may hinder accuracy, timeliness and or deadlines.
• Provide coaching, training and development to staff to ensure company and department goals and key performance indicators (KPIs) are met.
• Audit loans to verify salability or conduct final review of loan documentation for accuracy and completeness.
• Ensuring any exceptions are captured and recorded for incorrect or missing documentation, data errors, and any errors on findings.
• Maintaining communication with internal contacts to ensure expectations and timelines are met; escalating issues, as needed.
• Review mortgage loan files to ensure accuracy of information and verify presence of all required documents.
• May perform due diligence loan reviews, as needed.
• Executing risk analysis and make decisions regarding deficiencies identified during the review process and recommend resolution.
• Adhere to the companies 'Core Values'.
• Other duties as assigned by manager.

Benefits

• Competitive pay and meaningful equity as an employee at a fast-growing, venture-backed company.
• A 401(k) and top-tier insurance plans to select from along with a FSA and HSA.
• Flexible time off plus all 11 major holidays and 2 floating holidays for your birthday, religious holiday or other special day of your choice.
• Two volunteer days - paid days off to volunteer each year at the charity of your choosing.

What This Job Offers

• Number of Employees: 101-250 employees