Quality Control Mortgage Analyst

Risk
Lewisville, Texas

Description

Who we are

SoFi is a digital personal finance company whose mission is to help its members achieve financial independence to realize their ambitions, whether that be to buy a house one day, start a family on their own terms or be debt free. We aim to be at the center of our members’ financial lives, and to help every member Get Their Money Right®. By joining SoFi, you’ll become part of a forward-thinking company that is transforming financial services by embracing technology to build innovative loan products, investment tools, and more. One of the fastest growing fintech companies, we’ve grown from 250 employees in 2015 to over 1,500 employees today, and are well on our way to reaching 1 million members. With offices across the US, we offer the excitement of a rapidly growing startup with the stability of a seasoned management team and some of the best talent around. As an employer, we strive to hire employees who are committed to both our company’s mission and our desire to build the best culture in the world. If you are driven, passionate about what you do, and excited about the SoFi mission, we would love to hear from you.

The role:

Experienced credit professional with a minimum of five years’ Mortgage credit experience, preferably with a background in Mortgage credit underwriting and/or credit risk management. 


 

What you’ll do: 

  • Calculate and evaluate income for wage earners, both salary & hourly, variable income, bonus/commission/overtime, as well as a variety of additional types of income sources. 

  • Assess complex allegations of mortgage and consumer loan fraud, including fraud related to the origination, processing, and underwriting of loans. 

  • Verify identity, income, and other required documentation. 

  • Perform timely and appropriate quality control testing and documentation.

  •  Recommend reasonable corrective action relative to quality control findings. 

  • Monitor quality findings and resolution. 

  • Cure defective loans identified in post-closing, based on the knowledge of all compliance and credit underwriting knowledge required. 

  • Assist with the development and implementation of QC testing strategies, such as focus areas, testing methodology, test standards, and frequency of testing (e.g., random and targeted testing on an as-needed basis). 

  • Assist with the development and implementation of QC testing strategies, such as focus areas, testing methodology, test standards, and frequency of testing (e.g., random and targeted testing on an as-needed basis).

  • Follow-up with the business unit to ensure corrective action sufficiently addresses the compliance, operational, or credit issues and are executed timely. 

  • Complete special projects and research as assigned by Management. 

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What you’ll need: 

  • Strong technical knowledge of and experience with underwriting requirements. Understanding of statistical and targeted loan sampling concepts. 

  • Have knowledge of FNMA guidelines, compliance, or applicable regulations. 

  • 5 years of Mortgage credit experience.

Nice to have: 

  • A background in excel reporting. 

  • Experience acting as an interface between the company and vendor relationships.  

Why you’ll love working here

  • Competitive salary packages and bonuses

  • Comprehensive medical, dental, vision and life insurance benefits

  • Generous vacation and holidays

  • Paid parental leave for eligible employees

  • 401(k) and education on retirement planning

  • Tuition reimbursement on approved programs

  • Monthly contribution up to $200 to help you pay off your student loans

  • Great health & well-being benefits including: telehealth parental support, subsidized gym program

  • Employer paid lunch program (except for remote employees)

  • Fully stocked kitchen (snacks and drinks)

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law

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