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Mortgage Quality Control Analyst

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Description

Summary:

The candidate for the QC Analyst position must have mortgage knowledge with a minimum of 5 years of experience in either mortgage processing, underwriting and/or extensive quality control background, knowledge of Fannie Mae, Freddie Mac, FHA and VA guidelines is required.  Knowledge of mortgage lending compliance such as TRID, TILA, AIR, etc. is highly desired. The position requires the QC Analyst to re-underwrite closed loans for various loan programs.  The candidate should have knowledge of post funding and final docs. 

 

Essential Job Functions:

  • Must be able to perform a quality audit for all Standard QC, EPD's, FPD's and Target Audits for all loan types including but not limited to Fannie Mae, Freddie Mac, FHA, VA and Private Investors.
  • Demonstrate ability to calculate income, assets, credit and property reviews accurately and precisely.
  • Ability to analyze all AUS findings and manually underwritten loans.
  • Practical experience to interpret all internal and external policies and procedures provided by all agencies and Freedom Mortgage's internal overlays.
  • Must have excellent verbal and written communication skills. Analysts must be able to articulate the issues, concerns and summary of the audit.
  • Must be able to utilize all databases and software necessary to house the audit information and provide necessary work papers in an electronic format as directed by management.
  • Ability to multitask and be extremely flexible in the workday activities.
  • Ensure re-verification activity was performed and it validates the information used to approve and close the loan.
  • Check all audit findings for completeness and accuracy.

 

Other Related Duties:

Performs other related duties as assigned.

 

Supervisory Responsibilities:

This job has no supervisory responsibilities

Qualifications:

  • Bachelor’s Degree or equivalent.
  • This position requires a minimum of 4-5 years related experience and/or training; or equivalent combination of education and experience. Must include a minimum of 3-4 years of processing, underwriting, and/or quality control experience.
  • Full understanding of all Product Types (FHA, VA, Conventional & USDA)
  • Familiar with a variety of mortgage banking concepts, practices and procedures. Working knowledge of compliance regulations.
  • Ability to work in a team environment, recognizes and acts on changing priorities.
  • Strong verbal and written communication skills.
  • Demonstrated analytical skills
  • Prioritization skills.     

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