Senior Quality Control Administrator

About the role

Under limited supervision, the Senior Quality Control Administrator performs a variety of advanced functions, including pre- and post-closing reviews, responding to investor and MI QC reviews, portfolio review as needed, uploading of reports, and tracking of defect rates for the Mortgage Service area. This role also involves vendor management and acts as a backup to the builder approval process. The Senior Quality Control Administrator is expected to provide leadership and guidance to junior staff and ensure compliance with all relevant regulations and guidelines.

About UFCU

Our Credit Union was founded in 1936 and has grown to serve members throughout Texas and beyond. At UFCU, we are more than just a financial institution, and our people are more than just employees. We are dedicated to our purpose of empowering our Members to achieve financial success and build brighter futures.

In Pursuit Of Our Aspiration That UFCU Is loved By Millions Of Members And Built To Thrive For Generations, We Are Guided By Our Values:

• Purposefully Member-Obsessed – We are driven by a profound sense of empathy to deeply understand our Members’ needs and preferences, what brighter futures means to them, and the obstacles in their way. We act in our Members’ best interests, forever seeking to empower their financial success.
• Possibilities Reimagined – We are inspired to courageously experiment, learn, and iterate in pursuit of positive impact for our Members, UFCU, and coworkers. We challenge assumptions, embrace diverse perspectives, and make use of data and insights.
• Performance Excellence Rooted in Unwavering Integrity – We do the right thing, always. We champion teamwork, accountability, continuous improvement, and celebrate successful outcomes of others, fostering an inclusive environment of excellence and collaboration.

Responsibilities

• Ensure pre-funding Quality Control requirements are completed as directed by Fannie Mae and various other investors, including but not limited to:
  • 10% of the loan files prior to closing are re-underwritten to reconfirm AUS findings on a monthly basis.
  • Verification of asset and liability consideration were documented.
  • Data comparison of documents and Encompass performed.
• Conduct a monthly portfolio loan review; prepare written reports on findings and make recommendations as needed.
• Conduct monthly declined loan reviews; prepare written reports on findings and make recommendations as needed.
• Conduct a post-closing monthly review of 10% of vendor’s post-closing QC findings and document accordingly.
• Ensure the functions for post-closing preparation/QC review are completed in a timely manner:
  • Uploading of reports through secure vendor website.
  • Follow up on exceptions with personnel from findings.
  • Clear the findings and track the release of the final report.
• Review denied/cancelled loan applications to ensure ECOA, HMDA requirements are met.
• Work with manager to determine recommendations/training based on monthly findings.
• Manage the Quality Control Procedure & Process Manual: review annually for updates.
• Work with internal partners and vendors to determine solutions to improve processes.
• Annually perform vendor management as required:
  • Review appraiser licensing and certification.
  • Implement third-party vendor management of title companies.
• Perform other duties as assigned.
• Adhere to all company policies, procedures, and business ethics codes.
• Maintain strict adherence and compliance to all laws, rules, regulations, policies, procedures, and internal controls specific to your role.

Qualifications

Education: High School Diploma or equivalent required. Bachelor’s degree or some college coursework preferred.

Experience: Minimum of five (5) years of mortgage processing/underwriting/quality control experience required.

Preferred Requirements:

• Minimum of ten (10) years of manual and AUS underwriting experience, quality control/monitoring/assurance experience.
• Significant experience with Fannie Mae, Freddie Mac and various other investors.

Skills and Competencies

• Expert knowledge of credit union Mortgage regulatory compliance frameworks, laws, and regulations.
• Demonstrated ability to interpret complex regulations and translate them into actionable business guidance.
• Strong analytical, problem-solving, and judgment skills.
• High level of integrity, accountability, and professional discretion.
• Advanced proficiency with Microsoft Office and reporting.
• Ability to effectively establish rapport, present information, and respond to questions.
• Ability to exercise independent judgment.
• Communicate clearly and professionally, both in writing and verbally, with members and internal customers.
• Good understanding of origination and closing documentation required.
• Familiarity with investor guidelines and Fannie Mae, Freddie Mac guidelines and various other investors.