Quality Assurance Mortgage Analyst
6 days ago
Sofi is committed to embracing diversity and creating a culture of inclusion. As part of this commitment, we offer a comprehensive benefits package that includes a competitive salary range of $83,200 - $156,000 per year, eligibility for bonuses, and access to cutting-edge technology and training opportunities.
About the Role
The Mortgage Quality Control Analyst plays a critical role in ensuring the accuracy and compliance of mortgage loans with regulatory standards and company policies. This quality control position supports the Prefunding Quality Assurance team by conducting comprehensive audits of mortgage loan files to ensure compliance with federal, state, and investor guidelines. Additionally, the analyst reviews loan documentation for accuracy, completeness, and adherence to underwriting standards, ensuring that loans meet established guidelines and regulatory requirements.
Responsibilities
* Conduct thorough audits of mortgage loan files to identify potential risks and discrepancies.
* Review loan documentation to ensure accuracy and adherence to underwriting standards.
* Collaborate with underwriting, processing, closing teams, and other relevant parties to rectify identified issues.
* Provide support and guidance to underwriters and processors on underwriting criteria and requirements.
Requirements
* Bachelor's degree in finance, Business Administration, or a related field (or equivalent work experience).
* Minimum of 3-5 years of experience as a residential mortgage underwriter or mortgage quality control underwriter.
* Strong knowledge of federal and state mortgage regulations and investor guidelines, including Fannie Mae, Freddie Mac, FHA, and VA guidelines.
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