1. What is the average salary of a Mortgage Quality Assurance Auditor?
The average annual salary of Mortgage Quality Assurance Auditor is $60,624.
In case you are finding an easy salary calculator,
the average hourly pay of Mortgage Quality Assurance Auditor is $29;
the average weekly pay of Mortgage Quality Assurance Auditor is $1,166;
the average monthly pay of Mortgage Quality Assurance Auditor is $5,052.
2. Where can a Mortgage Quality Assurance Auditor earn the most?
A Mortgage Quality Assurance Auditor'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 Quality Assurance Auditor earns the most in San Jose, CA, where the annual salary of a Mortgage Quality Assurance Auditor is $76,083.
3. What is the highest pay for Mortgage Quality Assurance Auditor?
The highest pay for Mortgage Quality Assurance Auditor is $79,128.
4. What is the lowest pay for Mortgage Quality Assurance Auditor?
The lowest pay for Mortgage Quality Assurance Auditor is $46,785.
5. What are the responsibilities of Mortgage Quality Assurance Auditor?
Mortgage Quality Assurance Auditor monitors and ensures procedures regarding mortgage loans are being met according to company guidelines and policies. Determines non-compliant operations and documents details. Being a Mortgage Quality Assurance Auditor provides management with reports and recommends improvements. May require a bachelor's degree. Additionally, Mortgage Quality Assurance Auditor typically reports to a manager or head of a unit/department. The Mortgage Quality Assurance Auditor gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Mortgage Quality Assurance Auditor typically requires 2 to 4 years of related experience.
6. What are the skills of Mortgage Quality Assurance Auditor
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Accountability: Setting and holding oneself and others to stated expectations by associating tasks with our business's mission, values, and goals.
2.)
Loan Origination: Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example. There are many different types of loans. For more information on loan types, see the loan and consumer lending articles. Steps involved in originating a loan vary by loan type, various kinds of loan risk, regulator, lender policy, and other factors.
3.)
Mortgage Banking: Mortgage banking generally involves loan originations as well as purchases and sales of loans through the secondary mortgage market. A bank engaged in mortgage banking may retain or sell loans it originates or purchases from affiliates, brokers, or correspondents.