Servicing Compliance Testing & Validation Auditor

CrossCountry Mortgage, LLC•Fort Mill, SC

About The Position

The Servicing Compliance Testing and Validation Auditor will support RoundPoint Mortgage Servicing LLC. The primary responsibility of the Servicing Compliance Testing and Validation (SCTV)Auditor is to conduct independent and effective testing and monitoring to assess compliance with all applicable requirements, including federal, state, and agency guidance, as well as RoundPoint policies and procedures. The SCTV Auditor is expected to demonstrate a working knowledge of mortgage servicing activities and associated regulatory compliance requirements.

Requirements

3+ years mortgage servicing experience.
Experience identifying or evaluating mortgage loan servicing exceptions or control gaps.
Experience auditing loans including reviewing loan files for accuracy, compliance with regulatory and investor requirements, and adherence to internal policies and procedures.
Experience in researching and evaluating complex transactions or issue resolution requiring the use of multiple systems and applications.
Experience identifying and testing compliance and control related activities.
Thorough knowledge of mortgage servicing activities and associated compliance requirements.
Familiarity with MSP and associated systems.
Skill in working collaboratively with others.
Excellent oral and written communication skills.
Skill in independently prioritizing and completing assignments while ensuring reporting requirements and established deadlines are met.
Excellent time management and organizational skills to manage multiple assignments with competing deadlines.
Skill in navigating testing scripts and question trees, interpreting requirements and evaluating whether actions taken were appropriate.

Responsibilities

Perform independent, in-depth, loan-level SCTV testing utilizing the defined testing scripts. Utilize the appropriate subsystems and applications as needed and leverage guidance from SCTV Lead, Supervisor and Manager as needed.
Evaluate testing results to identify findings that signal process or control weaknesses, gaps, or potential non-conformance with requirements, and document the findings as required in the system of record.
Review assessment of testing results with designated testing partner.
In partnership with SCTV Lead or Supervisor, communicate testing results with the relevant operational line(s) of business to determine the disposition of all findings, whether valid, eliminated or mitigated.
Ensure that testing results are thoroughly documented within the system of record by confirming that the testing and tracking systems are updated with required descriptions of testing results, documentation and rationale relative to the disposition of all findings (Valid, eliminated or mitigated).
In partnership with SCTV Lead or Supervisor, identify valid exceptions and ensure that they are rated, documented, and reviewed with line of business representatives, documenting all dispositions in the tracking system.
In partnership with SCTV Lead or Supervisor, calibrate with operational line of business partners to identify and document evidence of process or control gaps and the actionable remediations.
Identify and document compliance gaps when consensus cannot be reached, partnering with the SCTV Manager and Servicing Compliance to conduct gap assessments and support remediation planning.
Perform discretionary testing as required and report the results to SCTV Lead, Supervisor or Manager as directed.
Maintain an understanding and knowledge of the required audit scope, loan criteria, servicing activity, required systems, documentation, and regulatory requirements to successfully execute SCTV testing.
Maintain responsibility for meeting RoundPoint’s commitment to compliance.
Perform other duties as assigned.