Mortgage QC Underwriter

This is a fully remote position, open to applicants in Utah.

📋 Description

• Conduct quality control evaluations of mortgage loan files to ensure compliance with specific lender guidelines, focusing on both pre and post-closing audits and adherence to regulations.

• Reviews involve identifying potential fraud, misrepresentation, processing or underwriting deficiencies, compliance breaches, and relevant opportunities within the defined scope.

• Provide Quality Control feedback on loan file assessments completed by internal team members.

• Ensure the loan product aligns with program guidelines and borrower eligibility criteria.

• Examine employment documentation and recalculate income information.

• Review and re-evaluate asset and reserve documentation.

• Analyze credit reports and recalculate liabilities accordingly.

• Assess title commitments, hazard insurance, and flood insurance documentation.

• Scrutinize and evaluate borrowers' mortgage applications and associated documents.

• Analyze real estate purchase agreements, if applicable.

• Conduct Appraisal Reviews for completeness, safety concerns, and external obsolescence.

• Identify any red flags within a loan file and ensure appropriate measures are taken.

• Determine the correct designation for title, title services, and all other shop-able fees.

• Verify that fee payee names on the Final Settlement Statement match invoices or other documents in the file to confirm accuracy.

• Ensure Specific Closing Instructions are accurate regarding fees and amounts.

• Compare Specific Closing Instructions for loan terms, principal, interest, and escrow information.

• Review final closing documents to ensure compliance with applicable legal standards.

• Confirm adherence to state-specific Non-borrowing spouse signing requirements.

• For NORTC eligible loans, verify compliance with the Notice of Right to Cancel requirements as per RESPA.

• Ensure all documents and pre-funding conditions related to Title, Trusts, and POAs are fulfilled.

• Analyze individual loan files to determine compliance with applicable lender guidelines and loan approval criteria.

• Adhere to quality control policies and procedures to ensure alignment with defined scopes of work.

• Identify training opportunities related to quality reviews and collaborate with the Quality Manager to implement necessary sessions.

⛳️ Requirements

• A minimum of 3 years of experience in Underwriting/QC.

• At least two years of experience underwriting according to FNMA and/or FHLMC guidelines, as well as FHA and/or VA guidelines.

• Proven skills and experience in quality control support and practices within the mortgage loan sector (both origination and post-closing).

• Exceptional written and verbal communication abilities.

• Strong time management skills, with a focus on maintaining quality.

• In-depth knowledge of transaction components that may indicate potential fraud or significant compliance violations.

• Familiarity with the policies, principles, and practices of mortgage loan processing, underwriting, and closing.

• Self-motivated, innovative, and capable of working in a team environment while also thinking independently and sharing insights.

• Ability to handle multiple analytical projects simultaneously and adapt to ongoing workflow changes.

• Proficient computer skills.

🏝️ Benefits

• Flexible work arrangement options including in-person or remote opportunities.