Mortgage Quality Control Specialist

Compensation range varies based on experience and is not specified for this role.

Responsibilities

• Assist with the management, implementation, and launch of a new Mortgage QC database to replace the current version.
• Perform comprehensive mortgage pre-fund and post-close audit/file documentation reviews within prescribed monthly timelines.
• Record and categorize audit exceptions/defects into the QC database and assign defect severity levels.
• Analyze and identify root cause and corrective actions necessary to cure/mitigate audit exceptions when necessary; diligently follow-up and track remediation efforts.
• Perform all QC re-verifications by identifying credit underwriting documents within the mortgage loan file.
• Order and review third-party vendor products as required for the re-verification process.
• Perform all other steps required as part of the QC re-verifications process, including appraiser license validation, owner occupancy validation, and review of investor exclusionary lists.
• Review all returned income, employment, asset, and liability QC re-verifications for accuracy.
• Maintain all QC audit workpapers and re-verifications, including scanning and filing in the electronic loan file.
• Create various department reports each month requiring a strong working knowledge of Excel.
• Respond to Investor and insurer audits by identifying appropriate files and prepping the files for audit by organizing and arranging them in stacking order.
• Review audit findings from outside investors and insurers to provide appropriate feedback to management on the accuracy of the defect identified in those audits.

Requirements

• An Associate’s Degree or a minimum of 2 years of banking experience is required.
• Strong working knowledge of Microsoft Excel.
• Strong working knowledge of Microsoft Word.
• Knowledge of residential lending compliance regulations preferred.
• Pleasant, positive attitude with the desire to learn.
• Self-motivated with the ability to work independently.
• Strong organizational, verbal, and written communication skills.
• Strong analytical skills with keen attention to detail.
• Desire to grow within a small team environment.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Any physical demands or work conditions described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.