Mortgage Servicing Quality Control Administrator

2 months ago


Grand Rapids, United States Mercantile Bank Full time

Mercantile Bank is hiring for an experienced Mortgage Servicing Quality Control Administrator at our 310 Leonard St., Grand Rapids, MI location.Who We AreMercantile Bank was created with a goal to deliver financial solutions that empower people and businesses to achieve their dreams, while bettering the lives of its employees and their communities. We have grown from a humble idea to over 40 locations, 5.25 billion in total assets, and nearly 700 employees. Our values remain at the heart of everything we do - through inclusivity, innovation, and collaboration, we achieve excellence every day and are accountable not only to our customers, but to our employees and the communities in which we serve. We are proud to invest in our people and our communities, and our employees show their integrity in every interaction. We believe in hiring people based on their character and if necessary, teaching them the skills they need to be successful. We focus on developing employees and seek to promote from within whenever possible. Our reputation as a great place to work didn't just happen. Our intentional efforts to provide excellent benefits, competitive wages and bonuses, volunteer opportunities, and many options for you to get involved, whether your interest is in learning more about banking, sharpening your leadership skills, or planning a fun activity we have a way for you to get connected with others in the bank and the community. We're proud (but honestly not that surprised) to be one of West Michigan's Best and Brightest Companies to Work ForRewards and BenefitsSome of the medical and wellbeing benefits we provide are: Multiple medical, dental, and vision plans to choose from Flexible Spending Accounts (FSA) Paid Time Off: 3 weeks paid vacation, sick time to care of yourself and your family, 10 paid holidays and a Giving Day to do work that you are passionate about in your community.Company Paid Life Insurance of 3 times your annual salary.Employee Assistance Program (EAP)Adoption and IVF Assistance Fitness Equipment Purchase PlanWe also provide many opportunities to invest in your financial wellness and career development by providing:401(k) match at 100% up to the first 5% of your contributionEmployee Stock Purchase Plan529 College Savings Plans Discounted bank servicesLegal protectionTuition ReimbursementExceptional training, and development opportunities tailored to your career interests and goals.The Mortgage Servicing Quality Control Administrator is responsible for assistance with the administration of a comprehensive Mortgage Servicing Quality Control ("MSQC") program that meets agency and investor requirements. Responsibilities include performing quality control audits and reporting of mortgage loan servicing activities to ensure compliance with investor servicing and regulatory requirements.Essential Job Functions:-Help maintain a comprehensive MSQC program which includes loan set-up, escrow administration, insurance, accounting/payment processing, default management, and other compliance matters in accordance with agency and investor requirements.- Ensure that the Bank's MSQC Plan and Policy are up to date and meets all agency requirements by staying current with the various agency and regulatory changes.-Participates in the design of QC reviews, scope and sample development and reporting.- Knowledgeable of Freddie Mac, Federal Home Loan Bank of Indianapolis, and Fannie Mae MSQC guidelines and lead efforts to ensure that the Bank meets those requirements.-Monitor and track new investor and regulatory requirements.- Develop and maintain MSQC procedures and practices in such a way that limit the impact on operational efficiency and customer experience.- Perform monthly, quarterly, and annual mortgage serving audits within the time frame and scope assigned.- Identify defects and communicate MSQC findings to the Mortgage Servicing Department for correction, identification of root cause, and implementation of corrective action to reduce or eliminate future defects.- Escalate any evidence of fraud and/or misrepresentation to management.- Track and follow up on MSQC findings as needed.- Prepare monthly MSQC management reports on findings, recommendations, and corrective action taken.- Assist with external MSQC Audits with investors and agencies.- Comply with all laws, regulations, bank policies, and procedures pertaining to mortgage servicing.- Ensure Bank compliance with all regulatory issues such as Fair Lending, Equal Housing, and Equal Credit laws by maintaining proper procedures.Requirements and QualificationBachelor's degree or equivalent experience and/or a combination of experience and certifications related to the industry3-5 years of Mortgage Servicing or Mortgage Servicing Quality Control experience requiredOnce through the initial training period, this position becomes a hybrid position- in office at 310 Leonard and remote at home.We believe embracing human diversity makes us a better bank. We know it makes us better people. Employees with dissimilar backgrounds, perspectives, opinions, and lifestyles help us understand the motivations and desires of our many different customers. Thus, we will strive to maintain a workforce that reflects the increasing diversity of the communities we serve by ensuring equal employment opportunity for all persons without discrimination on the basis of race, color, religion, sex/gender (including gender identity), national origin, age, height, weight, disability, medical condition, genetic information, sexual orientation, disabled or Vietnam era veteran, other forms of military status, marital status, or other protected characteristics.



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