Senior Mortgage Quality Control Auditor

First Horizon Corp.•Raleigh, NC

43d•Onsite

About The Position

The objective is to monitor the overall quality of loans with regard to originations and to assure our employees are in compliance with company policies and investor and mortgage insurer requirements, including requirements of HUD, VA, Rural Housing, Freddie Mac, and Fannie Mae. The primary purpose of the job is to conduct random, targeted, and discretionary audits on samples of the mortgages the company originates. The audits are used to discover and guard against errors and omissions as well as fraud and intentional violation of policies. The audits can identify trends and general problems in the origination activities of the company and bring these to the attention of management to assure swift and appropriate corrective action.

Requirements

Bachelor's degree in Finance or Business Administration and at least seven years of progressively more responsible experience required.
Five years of senior mortgage underwriting or mortgage quality control auditing experience.
Experience and competency in underwriting and knowledge of general mortgage compliance guidelines.
Microsoft Office suite

Nice To Haves

FHA DE and VA LAPP preferred.

Responsibilities

Review and assess underwriting decisions of Underwriter I, II, and III underwriters for pre-funding full file QC review in compliance with investor and mortgage insurer requirements, including requirements of HUD, VA, Rural Housing, Freddie Mac, and Fannie Mae, reporting and record retention as well as early payment default review, reporting and record retention.
Communicate deficiencies identified in underwriting work and file documentation and require remediation of errors prior to funding
Pre-Funding Full File and Targeted Review daily on various issues as assigned by QC Manager
Communicate with branch staff and branch management results of full file and targeted pre-funding reviews daily
Respond to branch responses on pre-funding reviews and targeted reviews and clear files to close
Update Pre-Funding and Targeted defect tracker and folder daily
Assist in preparation of monthly Pre-Funding Report for QC Manager based on department Pre-Funding QC reviews in advance of the monthly QC meeting with management
Quality Control the Quality Control Vendor review, reporting and record retention
Review the Quality Control the Quality Control vendor sample files monthly as assigned by Quality Control Manager
Email Quality Control the Quality Control vendor results to the branch staff and branch management as completed
Respond to branch responses on Quality Control the Quality Control vendor
Update the Quality Control the Quality Control vendor tracker and folder daily until review is complete
Prepare results of Quality Control the Quality Control vendor for Quality Control
Early Payment Default Review, Reporting and Record Retention
Pull information on loan files from FHA Connection and Encompass to include in summary of loan for QC monthly meeting and assist in preparation of monthly EPD
Discretionary review report for QC Manager
Self-Reporting to agencies or investor, Reporting and record retention
Self-report unresolved serious QC issues monthly to agencies or investors as directed by QC Manager
Update Self-Reporting tracker and provide to QC Manager in advance of monthly QC meeting
Assists with directing, coordinating, and evaluating designated units or certain personnel in accordance with the organization's policies and applicable laws.
Responsibilities may include training employees, planning, assigning, and directing work; addressing complaints and resolving problems.

Benefits

Medical with wellness incentives, dental, and vision
HSA with company match
Maternity and parental leave
Tuition reimbursement
Mentor program
401(k) with 6% match
More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

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