Adecco Direct Placement is hiring a Quality Assurance Specialist with experience efficiently and accurately auditing pre-fund loan files to ensure procedures in originating mortgage loans are being met according to company lending policies and secondary market selling guidelines. Our client has been consistently recognized as a leader in the industry and a best place to work. This position includes a pay of $17-23/hour (depending on experience), as well as a full benefits package. The executive team within this organization makes a point of letting all employees know they are valued and appreciated!
The best candidate for this position will be familiar with standard concepts, practices, and procedures in processing and underwriting mortgage loans, reviewing and analyzing data and loan documentation, re-calculating income, assets, liabilities, debt-to-income ratios and loan-to-value ratios. This position requires good judgement to plan and accomplish daily goals, ability to work in a fast pace environment with times of heavy volume and demand. You must adhere to regulatory compliance requirements, be familiar in CFPB, QM/ATR, RESPA, TILA, MDIA, GFE, HUD1, NCUA and other related compliance as required. Assist the Secondary team in planning, preparing and organizing the delivery of loans selected for sale. Review and prepare files, audit & update data fields in Mortgage Cadence, prepare security documents for shipping and delivery. Maintain quality service standards set by the organization.
Essential Duties and Responsibilities
Conduct quality assurance pre-fund audits of First Mortgage / Home Equity loan files, ensuring policies, procedures, regulatory compliance and secondary marketing guidelines meet salability requirements.
Analyze loan documentation and validate the integrity of loan data entered in Mortgage Cadence, DU Finding Report, and Final Closing Package, applying standard concepts, practices, and procedures in processing and underwriting loans. Re-calculating income, assets, liabilities, debt-to-income ratios and LTV/CLTV/HCLTV ratios. Accurately present defect findings add appropriate conditions and summarize notes in MC and SecondLook ICS Report.
Perform system functionality procedures within Symitar, Mortgage Cadence LOS, TenA/SecondLook Audit system, electronic Imagility, Word/Excel import/export daily uploads and tracking log reports.
Assist Secondary Market in meeting shipping and delivery requirements understanding the concepts and procedures required in delivering mortgage loans to investors, utilizing Fannie Mae Selling Guide, DU Matrix/DU Findings Report, LLPA Matrix, BNY Mellon Custodian certification procedures and ULDD-Loan Delivery requirements.
Assist in responding to FNMA Post-purchase loan audit requests, by preparing and organizing audit package with appropriate documentation following Fannie Mae checklist, and submitting file electronically using Fannie Mae NUC-QAS electronic systems meeting time sensitive requirements. Perform audit request files for external audits/exams as assigned by management.
Keep abreast of day-to-day policies, procedures, products, rates and secondary market guide changes. Comply with industry related webinars offered by Fannie Mae, ARCHMI, or other related topics as assigned by management.
Participate in AML/BSA compliance training as assigned. Adhere to credit union AML/BSA policy and procedures including CTR rules and form preparation, identify and refer suspicious activity to the Compliance Department, perform OFAC comparisons, and properly identify individuals in accordance with Branch Operations procedures.
REQUIREMENTS FOR THIS POSITION:
Minimum 2 - 4 years of current related work experience.
Strong written and verbal communication skills as well as interpersonal skills.
Exceptional analytical and research skills with a strong understanding of FNMA secondary market eligibility criteria.
Ability to work effectively under pressure and with large volumes of work.
Highly organized, good computer skills.
Demonstrate a strong commitment to customer service.
Maintain knowledge of the concepts and procedures to deliver mortgage loans to investors.
Maintain a current knowledge of changing legislation and regulatory compliance issues as well as real estate terminology and principles.
Understanding of rate locks, extensions and re-pricing strategies.
If you have any additional questions about this Quality Assurance Specialist position, if you know of anyone who might be a fit for this position, or if you yourself are interested, please feel email me the updated resume to email@example.com and we can set up a time to speak. I look forward to talking with you soon about this great opportunity!
Alyssa Peters, Regional Direct Placement Recruiter
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