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Analyst, Originations Credit Quality Control

Telecommuter
Job ID: 1001994
Company:

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Job Description


JOB FUNCTIONS AND RESPONSIBILITIES:

  • Review the loan from the perspective of Income/Employment, Asset, Collateral and Credit perspectives
  • Review the loan file from the data integrity stand point and look out of possible misrepresentations and red flags
  • Confirm the loan file is complete from the Regulatory stand point with appropriate documentation
  • Adhere to strict timelines prescribed by Management and provide the review response in the desired timeframe
  • Should have effective written and verbal communication skills
  • Should have good comprehension skills and ensure all changes and updates are immediately adopted
  • Responsible for re-underwriting loans based on high-risk characteristics to determine if investor guidelines were met, if sound underwriting practices were made and determine if corrective actions are warranted based on audit results
  • Responsible for completing comprehensive examinations of all channels; Retail, Wholesale and Broker business to ensure collateral integrity, documentation accuracy and completeness as well as credit quality
  • Analyze the risk level of loans reviewed and completed by underwriter
  • Identify and work through alternatives for loans that fall outside of guidelines
  • Demonstrate the ability to translate underwriting guidelines with application of mitigating factors, when applicable, to ensure proper salability to investors
  • Takes the lead in communicating both in writing and orally with third party stakeholders and clients as needed
  • Involved in identifying process enhancements and recommendations for guideline changes to guard against risk
  • Review high & low risk flags from data alerts to clear variances
  • Consistently meet established productivity and quality measurements on a consistent basis
  • Perform other duties within Quality Control, as needed

Qualifications

  • High school diploma or equivalent required
  • Bachelor's degree preferred
  • 3 years Quality Control OR Mortgage Underwriting experience is required
  • Must have in-depth knowledge of Conforming, Non-conforming, FHA, and VA underwriting requirements Must have mortgage industry experience.
  • Thorough working knowledge of real estate documentation, policies, compliance, and procedures
  • High level of proficiency with mortgage loan processing and underwriting systems
  • Commitment to excellence and high standards
  • Strong organizational, problem-solving, and analytical skills
  • Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm
  • Acute attention to detail
  • Proficient on computer programs required for position
  • Good judgment with the ability to make timely and sound decisions
  • Strong customer service skills, excellent communication skills (verbal and written) and must demonstrate strong attention to detail, strong analytical skills and sound decision-making ability
  • Must demonstrate interpersonal skills with the ability to interact with other departments and third parties in a professional manner
  • Must demonstrate the ability to manage multiple priorities and meet deadlines in a fast paced, high volume work environment with proven follow up and organizational skills required
  • Bilingual skills a plus

TRAINING / LICENSING REQUIREMENTS (only add if needed)

  • DE/SAR/LAPP Underwriting Certification preferred but not required depending on experience
  • Must pass the Company's Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

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