Mortgage Underwriter QC Analyst

Overview

Primary responsibilities include in-depth pre-fund quality assurance audits. The position requires experience in the detection and prevention of loan fraud with underwriting and guideline knowledge of both conventional and government loans. Working in a paperless environment, the Quality Control Underwriter is expected to make loan level risk analysis and work closely with other operational departments.

Principal Duties & Responsibilities:

• Perform and complete an independent full or targeted underwrite of files selected for Quality Review pre-funding. The review to include credit documents, appraisal, compliance, and closing documents
• Determine if the final decision or action taken was in accordance with Agency and Investor requirements (conventional conforming & jumbo, FHA, USDA & VA loan products)
• Audit results to incorporate risk rating, assignment of defect from a list of standardized defect categories along with determination if the finding is related to credit or compliance and assignment to the proper area of responsibility
• Data integrity reviews
• Prepare a write-up of the defects found within the loan files. These write-ups will be accurate, objective, clear, concise, constructive, and timely
• Communicate effectively with key personnel in other departments to obtain responses to findings noted during the audit. Recommendations can be developed independently or through a collaborative process with the audited parties
• Follow up on outstanding audit items and recommendations to determine satisfactory disposition in a timely manner.
• Early detection and prevention of fraud, familiarity with red flags
• Maintain knowledge of underwriting guidelines, AUS (DU, LP and Manual) requirements.
• Maintain daily productivity levels
• Assume or perform additional duties as they arise, cross-train within the quality control section of the department and be responsive to the needs of the entire department
• Continuous education via webinars and other training

Qualifications

• 5 years of relevant work experience.
• Strong knowledge of Desktop Underwriter (DU), Loan Prospector (LP), and FHA Total Mortgage Scorecard.
• Strong knowledge in credit and income analysis, FHA, VA, and USDA lending.
• Thorough knowledge of housing finance agency mortgage loan programs and all aspects of mortgage lending laws and regulations for mortgage origination and servicing.
• Proficient in MS Office: Word, Excel, and Outlook.

Education

• Bachelor's Degree in Business, Real Estate or related field.

Special Instructions to Candidates

• Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
• Please view Equal Employment Opportunity Posters provided by OFCCP here.
• The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
• Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at 305-577-7680 or by e-mail at employment@citynational.com.