Quality Assurance Analyst

2 weeks ago


Albuquerque, New Mexico, United States New Mexico Mortgage Finance Authority Full time
Job Overview

The Quality Assurance Analyst plays a crucial role in ensuring the integrity and compliance of mortgage files. This position involves a thorough review of Quality Control (QC) reports on a monthly basis, including a secondary examination of selected files from Fannie Mae and Freddie Mac. The analyst is responsible for validating that all conditions have been adequately addressed and resolved.

Key Responsibilities
  • Conduct Quality Reviews: Perform detailed post-purchase and funding evaluations of mortgage files. Maintain a comprehensive log of all files reviewed, ensuring that any identified conditions have been effectively mitigated.
  • Monitor QC Portals: Regularly check the Fannie, Freddie, and GNMA QC portals for updates. Communicate with the sub-servicer regarding any requests for files or documentation.
  • Self-Reporting: Complete necessary self-reports and maintain an updated spreadsheet tracking self-reports, repurchases, unsaleable loans, and indemnified loans.
  • Reporting: Prepare and present reports for upper management, highlighting key findings and trends observed in the QC reports.
  • File Requests: Request necessary files for various processes, including foreclosure and reinstatement.
Qualifications

A high school diploma or GED is mandatory, with two years of secondary education preferred. Candidates should possess a minimum of three years of full-time experience as a mortgage underwriter or QC compliance reviewer. Alternatively, five years of experience may substitute for the educational requirement.

Experience working with Fannie Mae, Freddie Mac, and Ginnie Mae in the origination space or as a seller/issuer is essential. Familiarity with mortgage compliance is advantageous.



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