Sr. Quality Control Analyst

Mortgage Partnership Finance Chicago, Illinois

CANDIDATES MUST BE ABLE TO WORK AT OUR LOCATION IN DOWNTOWN CHICAGO

Join the FHLBC team!

At the Federal Home Loan Bank of Chicago, employees come first - that’s why we offer a highly competitive compensation and bonus package, and access to a comprehensive benefits program designed to meet the needs of our employees.

  • Medical, dental and vision insurance
  • Retirement program (401k and Pension)
  • Generous PTO plan
  • 10 paid holidays per year
  • Work from home options
  • Casual dress code
POSITION SUMMARY:
With minimal supervision, conduct post closing quality control reviews of 1 to 4 family properties for compliance with underwriting guidelines and compliance with federal and state laws. Uses underwriting abilities to meet shared objectives within the MPF Program.

ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Review loan files to verify the accuracy and integrity of the loan file documentation used to support loan decision
  • Review loans for compliance with program and investor specific guidelines
  • Provide support to internal and external stakeholders
  • Underwrite mortgage files which includes review of, but not limited to, calculation of all income types, calculation of LTV/TLTV/CLTV, determination of property types, credit review and asset documentation
  • Review of credit documents to assure compliance with laws
  • Ability to train processors and QC Analysts on underwriting guidelines.
  • Ability to build partnerships and work with others to meet shared objectives.
  • Demonstrates familiarity with leading practices and risk frameworks.
  • Uses underwriting abilities to determine the impact to the internal and external parties.
  • Special projects or assignments as requested
EXPERIENCE AND EDUCATIONAL REQUIREMENTS:
  • Five to seven years of experience in mortgage compliance, auditing, or originating 1 to 4 family properties. Investment property mortgage knowledge required. QC Servicing experience, a plus.
  • Business, rental, partnership, and corporation income calculations required.
  • Knowledge of Fannie Mae, Freddie Mac, FHA/VA/HUD guidelines required.
  • Bachelors degree in business field or corresponding 8-10 years underwriting experience.
  • Mortgage industry certifications or credentials, a plus
TECHNICAL REQUIREMENTS:
  • MS Office Products (Outlook, Excel and Word)
  • Tableau and Access, a plus
KNOWLEDGE, SKILLS, ABILITIES AND BEHAVIORS REQUIRED:
  • Enthusiastic self starter who works well with others
  • Must be self-motivated, organized, and have excellent written and oral communication skills to clearly communicate any calculation, analysis or documentation deficiencies with various levels of stakeholders
  • Excellent customer service skills are a requirement
  • Strong time management skills with an ability to work efficiently towards deadlines
  • Attention to detail
  • High degree of professionalism, integrity and dependability is required