Mortgage Quality Control Analyst

Quality Control Sacramento, California


Description

Job Description: The Quality Control Analyst is responsible for performing all aspects of the Pre-funding and post- closing Quality Control process and supporting projects as needed.  In addition, the Quality Control Analyst is responsible for performing suspicious activity investigations on loan files.  The Quality Control Analyst is also responsible for ensuring turn times and service levels are met. 

Local candidates and candidates interested in remote opportunities are encouraged to apply.  

Starting pay rate ranges between $27 - $48/hr DOE and location

Top 3 Responsibilities and how you will be measured: 

  • Review FNMA / GNMA Loans With a Minimum of 5 Files per Day

Measurement: Meet this measurement with 95% accuracy.

  • Must Internally Suspend all Out of Scope Loans

Measurement: Meet this measurement with 100% accuracy.

  • Must Maintain Updates for All FNMA / GNMA Guidelines for Audit Purposes.

Measurement: Meet this measurement with 100% accuracy.

 

Essential Duties of the Position:

Pre-Funding Quality Control
  • Generate selection report from prior day's loan submissions.
  • Create review file.
  • Complete 1st review by following Pre-Funding Quality Control Review Checklist.
  • Perform required verbal or written re-verification of employment.
  • Request re-verification of 1003, VOE and VOD.
  • Insure Appraisal reviews are performed.
  • Audit for discrepancies on all re-verifications and appraisals.
  • Escalate discrepancies to underwriting if applicable.
  • Complete 2nd review and verify any outstanding findings have been completed.
  • Compile Final Findings Report at the end of each month.
  • Upload Final Findings Report to QC folder in “T” Drive.
  • Ability to perform complex file reviews
  • Ability to perform suspicious activity investigations

Post-Closing Quality Control

  • Perform required random closed loan file selections and review closed loan files for all required quality, compliance, and salability components.
  • Ensure that all loans selected and reviewed for required Post-Closing Quality Control are salable to investors and comply with regulatory guidelines.
  • Provide accurate and detailed loan review findings to the area(s) of responsibility and ensure that all responses are received timely and sufficiently address and correct the respective findings.
  • Provide all required reports within the mandated quality control timeframes.
  • Ensure that action plans to remediate the loan review findings sufficiently and lawfully correct and prevent the recurrence of the findings.
  • Perform required post-closing quality control verifications of employment, deposit, etc.  

 

Job Requirements:  

  • Must be proficient in Word, Excel, and Outlook applications.
  • Must be proficient in DU/DO, LP, & major Originating systems.
  • Experience with mortgage QC software, Loan Logics or Loan HD highly preferred.
  • Must have excellent verbal and written communication skills.
  • Must have a positive attitude.
  • Must be dependable, self-motivated, and require minimal supervision.
  • Must be proficient with all guidelines and websites necessary to complete job functions.
  • Must be detail oriented.
  • Must be able to work under pressure to meet deadlines.
  • Must be able to organize, prioritize, and manage time.
  • College degree or equivalent work experience.
  • Work 40 hours per week and overtime as needed.
  • Minimum 7 years of recent mortgage pre-underwriting or underwriting experience, Quality Control experience preferred.
  • Able to work under pressure.
  • Able to organize, prioritize and manage time.
  • Proficient in Word, Excel and Outlook applications.
  • Detail oriented.
  • Excellent verbal and written communication skills.
  • Positive attitude.
  • Dependable, self-motivated and require minimum supervision.
  • High analytical skills.

  

Physical Demands: 

While performing the duties of this job, a person is regularly sitting in a standard office environment, at a desk, using a computer, phone, fax, and copy machine. This person may occasionally need to lift up to 20 pounds. 

 

Work Environment 

  • Standard office environment
INDHP

Summit Funding, Inc. (NMLS #3199) is a full service mortgage lender offering expertise in every area of residential mortgage lending; including purchases, refinancing and construction lending. We have built a strong reputation as an outstanding mortgage firm that serves the lending needs of real estate professionals, builders and individual home buyers throughout the Country. We pride ourselves on our positive culture at Summit Funding, and we know that our diligence in hiring only the best candidates is largely responsible for this culture. Summit Funding has approximately 85 Branch and Satellite Offices in 20+ States and a workforce of over 1,000 Team Members. Compensation for this position will depend on experience. Summit Funding offers a complete compensation package including Medical/Dental/Vision insurance, 401K, Paid Time Off, Flex Spending, Etc. Please do not contact our office for additional information and please do not apply unless you meet ALL the minimum qualifications above. Summit Funding is an Equal Employment Opportunity Employer.