Mortgage Loan Quality Control Officer I

Overview

Reports To : Mortgage Quality Control Compliance Manager

Primary Functions : Perform quality control on conventional mortgage loans. Compile and analyze information for response to investor / insurer / regulatory audits.

Duties And Responsibilities

• Perform audit functions required for mortgage loans as outlined in the Quality Control Policies and procedures, and as required by investors, insurers, and regulators. This includes review of origination; regulatory compliance; underwriting; closing; and insurance of assigned loans.
• Compile and review information required for external audit requests; provide required loan documents, policies, procedures and other requested documentation; prepare responses to audit findings for delivery to investors, insurers, and regulators.
• Review loan underwriting decisions to ensure underwriting staff is in compliance with established policy and requirements for conventional, loans. Similarly review documentation accepted to support automated underwriting decisions for accuracy and reasonableness.
• Conduct credit and appraisal reviews to support foreclosure actions; mortgage insurance claims; and early payment default analyses.
• Perform other duties as assigned.

Qualifications

Education : High school diploma or equivalent.

Creditable Experience in Lieu of Education : Not Applicable

Experience / Skills : Proven ability to process and / or originate conventional loans. Understanding of the mortgage loan closing / disbursement process : regulatory compliance requirements; and Desktop Underwriter and Loan Prospector preferred.

Tenure : Mortgage Loan Quality Control Officer II (Category 10) requires one year tenure with performance that meets or exceeds expectations in the Mortgage Loan Quality Control Officer I (Category 11) position and / or have met the skills required for that position. Mortgage Loan Quality Control Officer III (Category 09) requires two years tenure with performance that meets or exceeds expectations in the Mortgage Loan Quality Control Officer II (Category 10) position and / or have met the skills required for that position. Directly related work experience and / or accelerated training completion may be substituted for tenure.

Compensation

Salary Pay Range :

Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above.

In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.

Benefits

Equal Opportunity Employer

Seniority level

Employment type

Job function

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