Quality Control Analyst Jobs

Essential Duties and Responsibilities:

• Identify defects, communicating concerns in a clear, concise, and objective manner
• Ability to work independently and adapt to change
• Perform accurate reviews of compliance packages, including but not limited to initial disclosures, closing packages, TRID compliance, ensuring requirements are met as outlined by the CFPB, state and federal agencies
• Maintain up-to-date knowledge of agency and Investor guidelines and overlays
• Meet or exceed daily productivity metrics as outlined by management
• Maintain high level of accuracy in relation to audit reviews and cited defects
• Perform reviews of the credit package, including but not limited to, income, assets, credit & property, ensuring all documentation and calculations adhere to agency & investor requirements
• Perform post-funding reviews including but not limited to random, discretionary, FHA declined files, early payment default, and LAPP appraisal audits
• Perform complete and accurate collateral risk assessments on property appraisals, utilizing agency tools in review and escalating value concerns to management for additional review
• Assist with second-level reviews and oversight as needed
• Assign and maintain action plans with appropriate teams utilizing the QC system of record, performing follow-up and summarizing outcomes for management review
• Assist in creation of job aids for Operations and/or the QC team as needed
• Other duties as assigned
• Ensure individual reviews are complete in accordance with agency timeline requirements
• Assist with pre-funding loan selection, import and assignment as needed
• Perform pre-funding reviews as assigned
• Review and reconcile reverifications; identifying discrepancies and citing as needed
• Ability to comprehend and perform analysis of complex tax return documentation
• Ability to navigate and utilize AllRegs for agency, investor, and compliance requirements
• Identify and prepare reverifications in accordance with agency requirements
• Identify and immediately report red flags, AML concerns, and other inconsistencies found in reviews

Qualifications:

• Good understanding of mortgage regulatory rules and their requirements
• Proficient in computers including LOS systems (Encompass experience preferred), Microsoft Office and Excel
• Possess a keen eye for accuracy, attention to detail and ability to handle a high-volume workload
• Ability to communicate and work well with Investors and co-workers in a team environment
• Ability to deliver effective results and to meet deadlines with minimal supervision
• Excellent interpersonal, organizational, prioritization and time management skill
• Self-starter with the ability to adapt to a changing environment
• Preferred FHA Chums/DE and VA LLAP but not required
• Five to ten years of residential mortgage lending experience; exposure to all aspects of origination, servicing secondary marketing and mortgage compliance areas preferred
• Five to ten years of mortgage Quality Control experience required. Must have the ability to complete appraisal reviews and tax return analysis
• Bachelor’s Degree preferred but will accept a High School diploma or equivalent with acceptable experience in Underwriting or Quality Control
• Knowledge and experience in responding to Repurchase Request, Investor audits, MI Company audits, Regulatory audits, HUD Indemnification requests and VA deficiencies preferred
• Possess clear, concise, and effective written and oral communication skill
• Knowledge of secondary market investor guidelines (Fannie Mae, FHA, VA, USDA) and ability to keep abreast of investor and regulatory changes required

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)