The Senior Auditor reports to Team Leader, Originations Credit Quality Control. The team is responsible to review loans from an underwriter’s perspective for Forward and Reverse Lending (Pre and Post Funding) and provide appropriate and timely feedback to the underwriter. The position requires a thorough understanding of Conventional, FHA and VA underwriting guidelines for Forward and Reverse Lending transactions. The Auditor is responsible to review a loan sample selected for prefunding quality assurance underwriting and/or post funding review due diligence underwriting, including but not limited to, ensuring the loan meets investor/insurer requirements, limited regulatory requirements and is within risk tolerance as it relates to mortgage lending.
JOB FUNCTION AND RESPONSIBILITIES:
The Quality Control Senior Auditor reports to Team Leader, Originations Credit Quality Control.
The team is responsible to review loans from an underwriter’s perspective for Forward and Reverse Lending (Pre and Post Funding) and provide appropriate and timely feedback to the underwriter with strong organizational, problem-solving, and analytical skills and acute attention to details.
The position requires a thorough understanding of Conventional, FHA and VA underwriting guidelines for Forward and Reverse Lending transactions.
Thorough working knowledge of US mortgage documentation, policies, compliance, and procedures along with investor guideline requirement.
High level of proficiency with mortgage loan processing and underwriting systems and must have in-depth knowledge of Conforming, Non-conforming, FHA, and VA investor requirements.
The Auditor is responsible to review a loan sample selected for prefunding quality assurance underwriting and/or post funding review due diligence underwriting, including but not limited to, ensuring the loan meets investor/insurer requirements, limited regulatory requirements and is within risk tolerance as it relates to mortgage lending.
Complete working knowledge on 4 C’s (Credit, Capacity, Capital, and Collateral). Conventional and government investor specific working knowledge on all types of income calculation, credit reviews, Assets/Capital review, Appraisal review, AUS based and Manual underwriting related guideline requirements.
QUALIFICATION:
Bachelor’s degree preferred.
3-5 years minimum Quality Control OR Mortgage Underwriting experience is required.
Must have in-depth knowledge of Conforming, Non-conforming, FHA, and VA underwriting requirements Must have mortgage industry experience.
Thorough working knowledge of real estate documentation, policies, compliance, and procedures.
High level of proficiency with mortgage loan processing and underwriting systems.
Commitment to excellence and high standards.
Strong organizational, problem-solving, and analytical skills.
Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
Acute attention to detail.
Proficient on computer programs required for position.
Good judgment with the ability to make timely and sound decisions.
Senior Auditor, Originations Credit Quality Control