Quality Control Auditor

 
Job Title:  Quality Control Auditor
Job location:  Tucson, AZ

Job Summary:

To review individual loan files selected for post-closing quality control review to ensure loans originated by client and adhering to their internal policy and/or meets the requirements of the investors and concerned regulatory agencies.

Job Duties:
Review/analyze individual loan files that have been approved by Underwriting to ensure the file meets loan program requirements. Includes individual analysis of:
o Loan application
o Purchase contracts and addendums
o Credit profile and report(s)
o Debt and assets
o Income/financial statements/debt to income ratios
o Loan values/loan-to-value ratios
o Appraisal reports
o Title review
o Collateral and supporting documentation
? Identify loan deficiencies and evaluate the risk grade on each file reviewed
? Communicate deficiencies notes in Encompass and individual asset review checklist.
? Escalate files with suspected fraud or misrepresentation issues for further review by the client's risk team
? Review early payment defaults
Knowledge of FHA, Conventional and VA underwriting guidelines
? Ability to communicate loan level issues clearly through concise, but explanatory narrative
? Strong analytical, written and verbal communication skills
? Proficient in Windows based computer applications including Word and Excel
? Function independently with minimal supervision
? Knowledge of all federal, state, local compliance regulations to include: Truth in lending, Equal Credit Opportunity laws

Minimum Qualifications:

Minimum of two (2) years in conventional loan underwriting, and/or Post-Closing Quality Assurance/Quality Control function in the mortgage banking industry

High school diploma or GED