Mortgage Loan Quality Assurance Representative Salary in the United States

FAQ about Mortgage Loan Quality Assurance Representative

1. Where can a Mortgage Loan Quality Assurance Representative earn the most?

A Mortgage Loan Quality Assurance Representative's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Mortgage Loan Quality Assurance Representative earns the most in San Jose, CA, where the annual salary of a Mortgage Loan Quality Assurance Representative is $62,906.

2. What is the highest pay for Mortgage Loan Quality Assurance Representative?

The highest pay for Mortgage Loan Quality Assurance Representative is $61,411.

3. What is the lowest pay for Mortgage Loan Quality Assurance Representative?

The lowest pay for Mortgage Loan Quality Assurance Representative is $42,332.

4. What are the responsibilities of 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. 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. 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. Works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. Typically requires 1-3 years of related experience.