QC Underwriter

Nationwide Preferred Lender.

#4 Mortgage Company in the Nation to work for!

The Quality Assurance Underwriter is responsible for performing pre-funding audits to determine whether approved loans have been underwritten in compliance with our underwriting, investor, government and FNMA/FHLMC/GNMA guidelines. The QA Underwriter is responsible for communicating deficiencies to the Underwriting/ Processing Department and confirming corrective action.

Essential Duties:

• Review/analyze loan files that have been approved by Underwriting to ensure the file meets loan program requirements. Includes individual analysis of: Loan application, Credit profile/report(s), Debt and assets, Income/financial statements, Loan values/loan-to-value ratios, Appraisal reports, and Collateral and supporting documentation.
• Identify loan deficiencies and calculate the risk grade on each (Pass, Caution, Fail).
• Communicate deficiencies to the Underwriting/Processing Group and confirm that corrective action has been taken.
• Revisit loans to review and clear deficiencies.
• Escalate files with suspected fraud to the Quality Control Manager.
• Identify quality trends and work with Management to recommend and drive corrective action.
• Performing in-house targeted audits

Other Duties:

• Handle multiple tasks simultaneously.
• Lead by example in proactive team efforts to achieve departmental and company goals.
• Promote and participate in a positive teamwork environment through example and sharing of knowledge and skill.
• Comply with all safety policies, practices and procedures.
• Report any potential or actual violations of such policies, practices and procedures to Supervisor.
• Perform other duties as assigned by upper management.

Education, Knowledge, Skills, Abilities and Experience:

• High School Diploma or equivalent
• Minimum 3 years of residential mortgage underwriting experience
• Experience working with DU,LP and GUS
• Knowledge of FHA, VA, USDA, FNMA and FHLMC policies and guidelines
• Knowledge of mortgage loan processing, compliance, investor products and underwriting guidelines
• Knowledge of mortgage insurance (MI) guidelines
• Working knowledge of various fraud tools
• Appraisal review skills/experience