Supreme Lending

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QC Post-Closing Auditor

at Supreme Lending

Posted: 5/17/2019
Job Reference #: a0xi0000001ZME6AAO
Keywords: compliance, auditor

Job Description

Quality Control (QC) Auditor – Post Closing
Job Description
This position works as part of the Risk Management team in the Quality Control Department on assigned post-funding audits, including Target, EPD, Denied and Discretionary audits. Responsibilities include reviewing mortgage loans post-closing for adherence to company standards, agency guidelines and regulatory compliance laws.   The position responsibility includes the preparation and distribution of audit exception notifications, reports and communicating audit exceptions to appropriate business units; and facilitating corrective action as appropriate. 
  • The documentation review will include a review of the entire loan file using audit software to determine whether all items requiring documentation have been properly evidenced and are retained in the file.
  • Completeness and accuracy of the information obtained in the mortgage origination process will be reviewed.  If an Automated Underwriting System (AUS) is utilized, the reviewer will determine if all copies of the AUS assessment are included in the file.  The information contained in the file will be compared for accuracy to the information provided to the Automated Underwriting system.
  • The auditor will review the mortgage file documents, including any re-verifications, to confirm that the file was properly underwritten based on best practices and sound underwriting judgment.  The review will include recalculating debt ratios, a credit analysis and verification of compliance with program and agency guidelines, source of funds and income documentation and confirmation that underwriting conditions were met.
  • A review of closing and legal documents to ensure that the mortgage file information is complete, accurate and consistent with other documents in the mortgage file and that the loan was closed and funds disbursed in accordance with the underwriting and closing instructions.
  • Ensure compliance with RESPA regulations, including but not limited to, reviewing the loan documentation for the presence and timeliness of the Transfer of Servicing Disclosure and the Good Faith Estimate.  Evidence that the Settlement Statement (HUD-1), the Special Information Booklet and the disclosure of any Affiliated Business Arrangement (if applicable) was provided.
  • Maintains a professional image and adheres to standards consistent with company policies and procedures.
  • Other duties as assigned.
  • Minimum 5+ years in mortgage industry experience required.
  • Processing and/or Underwriting experience required.
  • Conventional, FHA and VA loan experience is required.
  • Knowledge of applicable federal regulations and state laws a plus.
  • Ability to prioritize and decipher policies, programs and guidelines.
  • Strong attention to detail, organizational and communication skills.
  • Strong interpersonal and teamwork skills.
  • Self-motivated, high level of commitment.
  • Problem solving skills as well as flexibility and adaptability are of key importance.
  • QC/QA experience is preferred.
  • Bachelor’s Degree preferred.
DISCLAIMER: The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the company.