QC Underwriter/Correspondent Lending
2 days ago
The individual in this position is responsible for assessing loan quality in accordance with established underwriting guidelines, loan documentation, and other pertinent information within the closed loan file. All employees of The Money Source are required to deliver high-quality customer service and uphold ethical standards as well as our core values when serving our clients.
Duties and Responsibilities
Candidate must be able to:
· Conduct a thorough re-underwriting of loan files to confirm that the initial decisions are consistent with current quality control standards.
· Verify accuracy and completeness of origination documents.
· Review property appraisals to verify valuation and ensure compliance with eligibility requirements.
· Confirm reviews meet acceptable risk parameters.
· Ensure adherence to regulatory requirements, as well as investor and agency standards.
· Conduct underwriting reviews for loans selected in accordance with policy guidelines.
· Effectively communicate decisions and cultivate relationships with stakeholders.
· Identify and address critical and non-critical issues.
· Discuss audit results with and provide loan quality feedback to VP of Quality Control and Compliance Officer.
· Conduct quality assurance evaluations on loans that meet approved criteria.
· Identify root causes of deficiencies and weaknesses.
Required Experience
· Possesses more than four years of experience in mortgage underwriting in accordance with federal and agency guidelines and procedures, including FNMA, FHLMC, FHA, VA, and USDA.
· Demonstrated expertise in underwriting non-QM loans
· Proven ability to deliver exceptional customer service and effective communication skills
· Demonstrated proficiency in analytical reasoning and sound decision-making abilities
· Capable of working independently as well as collaboratively within a team environment
· Demonstrates outstanding attention to detail and effectively manages multiple tasks concurrently
Minimum Daily Production Standards
Produce at least 10 units daily; report KPIs each day.
Reporting Relationships
Direction Received: Receives general guidance and direction from VP of Quality Control and Compliance Officer
Direction Given: No authority or supervision of others
Status for timekeeping requirements
Non-exempt timesheet for tracking sick and vacation accruals. Employees are required to report to work by 8:30 am local time each day.
Job Type: Full-time
Pay: $72, $84,300.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Vision insurance
Experience:
- Mortgage Underwriting: 4 years (Required)
Work Location: Remote
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