This position is no longer open for applications

Job Number: 233155

Mortgage QA Underwriter

• Support Mortgage Department to develop and maintain an optimized and efficient pre-fund and post-closing QA/QC plan.
• Examine closed mortgage loan file documents to ascertain compliance with Fannie Mae, Freddie Mac, and Internal underwriting guidelines.
• Review steps include assessment of credit and underwriting documentation, as well as examination of credit reports, income documentation, and appraisal verifications.
• Calculation and evaluation of all income and credit worthy conditions.
• Detailed review of disclosures for timing and accuracy with a heightened focus on TRID.
• Track and report the results of testing, providing both technical and functional suggestions to enhance the member experience through the lending process and create efficiencies.
• Assist with responses to examination violations and develop action plans specific to operations and corporate structure.
• Perform regulation specific project engagements related to mortgage and home equity loan originations including but not limited to: Equal Credit Opportunity Act (ECOA), Real Estate Settlement Procedures Act (RESPA), Regulation Z (Truth in Lending, Know Before You Owe), Regulation C (Home Mortgage Disclosure Act - HMDA), and other state and federal laws which may be applicable.
• Collaborate with Mortgage Department Management and Compliance to revise and implement new processes based on regulatory requirements, statutory requirements, or business best practices.
• Provide detailed documentation for internal and external audit examinations.
• Responsible for ensuring the communication and execution of secondary market requirements are met.
• Create and coordinate executable plans of action for the roll out and communication (interdepartmental and organization wide) of existing and proposed mortgage lending regulatory procedure changes.
• Maintain knowledge of secondary market guidelines, product & pricing changes, and policies and procedures to create a holistic approach to secondary review.
• Remediate defects identified by third party vendor for post-funding audits.
• Work closely with Mortgage Underwriting to identify areas of risk and weakness and design and implement process change and training.
• Assist in the development and maintenance of department policy and procedure documents.
• Complete all required Bank Secrecy Act related training annually and maintain an ongoing in-depth knowledge BSA policies and regulatory requirements
• Perform other job-related duties as assigned by Manager(s).
• Other Duties: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
• Perform other job-related duties as assigned by Managers(s).

Job Competencies:

• Strong ability to detect possible misrepresentation and/or fraud.
• Previous underwriting experience, and/or Quality Control review/audit experience of mortgage loans.
• Working knowledge of investor guidelines such as FNMA, FHLMC, Jumbo, Home Equity, and Portfolio loans.
• Ability to analyze risk as it relates to investment quality loans, critical thinking with short yet comprehensive write ups.
• Extensive knowledge of DU, LPA and manually underwritten loans.
• Ability to review audit documentation, perform analysis, validate, and document potential risk to determine course of appropriate corrective action and/or make recommendations of such action.
• Ability to collaborate, innovate, and change.

Education and Experience Requirements:

• 5-7 years of Mortgage Underwriting or comparable experience in QA/QC Underwriting
• BA/BS Degree Preferred (or equivalent work experience)
• Knowledge of State and Federal compliance regulations
• Knowledge of Secondary Market guidelines

THIRD PARTY AGENCIES, SUBCONTRACTORS, AND RECRUITERS NEED NOT APPLY. Applicants received from firms will not be considered. Subcontracting is not available for this position.