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Quality Control Analyst - Mortgage

AtWork Personnel Services Costa Mesa ,CA
  • Expired: over a month ago. Applications are no longer accepted.
Job Description

 

The Wholesale Mortgage QC Analyst is an experienced self-starter who will be responsible for carrying out the audit process by independently performing QC testing for post-funded loans. Through independent work and analysis, the QC Analyst will ensure all loans are compliant, and properly underwritten (and closed), as defined by current FNMA/FHLMC, FHA, VA, and QC mortgage industry guidelines.

Responsibilities:

Fully assess loan quality, eligibility, and compliance of selected loans assigned;

Complete 6-8 reviews daily;

Re-calculation of income

Regularly communicate and provide audit findings to the QC/QA Supervisor;

Ensure selected loans are in compliance with federal and state regulations, as well as the most current FNMA/FHLMC, FHA, VA, internal, and investor requirements;

Order re-verifications as needed

Perform review of credit, income documentation, calculations, and assets used to qualify for accuracy and compliance in order to validate underwriter’s loan approval;

Increase process efficiency by identifying potential risk and mitigating factors that may impact the Company through credit decisions and the customer's ability to repay the loan;

Monitor Watchlist and exclusionary list

Provide interactive feedback and clear communication throughout the audit process with the Underwriters, AMC’s, and their respective Managers;

Provide updates, reporting and audit findings to internal workgroup(s), for review and mitigate major defects found when applicable;

Re-verify borrower and co-borrower bank accounts and bank statements;

Re-verify borrower occupancy.

Qualifications:

Bachelor’s degree and/or equivalent work experience;

Requires minimum 2-4 year previous wholesale mortgage industry experience to include; previous working knowledge within mortgage underwriting and/or quality control;

Previous experience in reviewing and analyzing mortgage credit packages, AUS findings, and calculating loan ratios and variables;

Prior working knowledge and experience in the calculation and verification of income and assets, evaluation of credit reports, purchase contracts, appraisals, title commitments, and other loan pertinent documentation;

Demonstrate independence and have the ability to conduct full QC cycle, including audits, evaluations, and determine compliance with investor requirements;

Prior experience in wholesale/retail conventional and government underwriting, along with up to date knowledge of wholesale/retail mortgage products, documents, and processes, guidelines for agencies and private investors;

Must be detailed oriented and possess strong analytical skills, along with organizational skills that lead in the ability to handle multiple tasks and prioritize workloads;

Must be able to endure heavy workloads during peak periods;

Must be able to receive constructive feedback;

Must be able to work in the Costa Mesa corporate office location (remotes will not be considered)

Strong working knowledge and use of Microsoft Office Suite, including Word and Excel;

Perform other duties as assigned in order to support the QC business unit.

Salary commensurate with experience.

 

Company Description
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AtWork for You in Orange County, South Orange County, San Bernardino County and Los Angeles County. Looking for a job? We can help. For over 25 years job seekers across the country have trusted AtWork’s expert recruiters to guide them through the hiring process and help them find the perfect job. AtWork places talented professionals into administrative, light-industrial, medical, home health care, and management level positions at some of the nation’s largest and most recognizable companies.

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costa mesa Ca
Costa Mesa, CA
USA

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