Mortgage Loan Quality Assurance Representative performs quality assurance reviews of mortgage loan files to ensure compliance with internal policies, lending guidelines, and regulatory requirements. Reviews loan documentation for accuracy, completeness, and adherence to underwriting standards and identifies discrepancies or deficiencies. Being a Mortgage Loan Quality Assurance Representative communicates errors or discrepancies to processing, underwriting, and closing teams to facilitate timely corrections and mortgage closings. Ensures quality assurance controls and processes are effectively implemented across all mortgage lending phases. Additionally, Mortgage Loan Quality Assurance Representative maintains detailed records and supports reporting efforts for management review. Assists in updating quality control procedures and participates in training initiatives to improve overall loan quality. May require an associate degree. Typically reports to a supervisor. The Mortgage Loan Quality Assurance Representative works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Mortgage Loan Quality Assurance Representative typically requires 1-3 years of related experience.
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