Mortgage Quality Assurance Auditor Salary in Bascom, FL

Demanded Skills for the Role:

• Accountability (Mentioned in 11.11% Job Postings): Setting and holding oneself and others to stated expectations by associating tasks with our business's mission, values, and goals.
• Loan Origination (Mentioned in 11.11% Job Postings): 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.
• Mortgage Banking (Mentioned in 11.11% Job Postings): 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.

Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Mortgage Quality Assurance Auditor's salary.

• Commitment: Can increase your salary by up to 8%.
• Loan Origination: Can increase your salary by up to 7%.
• Regulatory Compliance: Can increase your salary by up to 4%.