Mortgage Loan Quality Control Officer I at Global Credit Union

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Full Time

Start Date

Immediate

Expiry Date

11 Apr, 26

Salary

90230.0

Posted On

11 Jan, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Quality Control, Mortgage Loans, Regulatory Compliance, Underwriting, Auditing, Documentation Review, Credit Review, Appraisal Review, Conventional Loans, Loan Processing, Desktop Underwriter, Loan Prospector, Foreclosure Support, Mortgage Insurance Claims, Early Payment Default Analysis

Industry

Financial Services

Description

Overview Reports To: Mortgage Quality Control Compliance Manager Primary Functions: Perform quality control on conventional mortgage loans. Compile and analyze information for response to investor/insurer/regulatory audits. Duties and Responsibilities: Perform audit functions required for mortgage loans as outlined in the Quality Control Policies and procedures, and as required by investors, insurers, and regulators. This includes review of origination; regulatory compliance; underwriting; closing; and insurance of assigned loans. Compile and review information required for external audit requests; provide required loan documents, policies, procedures and other requested documentation; prepare responses to audit findings for delivery to investors, insurers, and regulators. Review loan underwriting decisions to ensure underwriting staff is in compliance with established policy and requirements for conventional, loans. Similarly review documentation accepted to support automated underwriting decisions for accuracy and reasonableness. Conduct credit and appraisal reviews to support foreclosure actions; mortgage insurance claims; and early payment default analyses. Perform other duties as assigned. Qualifications Education: High school diploma or equivalent. Creditable Experience in Lieu of Education: Not Applicable Experience/Skills: Proven ability to process and/or originate conventional loans. Understanding of the mortgage loan closing/disbursement process: regulatory compliance requirements; and Desktop Underwriter and Loan Prospector preferred. Tenure: Mortgage Loan Quality Control Officer II (Category 10) requires one year tenure with performance that meets or exceeds expectations in the Mortgage Loan Quality Control Officer I (Category 11)position and/or have met the skills required for that position. Mortgage Loan Quality Control Officer III (Category 09) requires two years tenure with performance that meets or exceeds expectations in the Mortgage Loan Quality Control Officer II (Category 10) position and/or have met the skills required for that position. Directly related work experience and/or accelerated training completion may be substituted for tenure. Compensation Salary Pay Range: Mortgage Loan Quality Control Officer I (Category 11): $57,484 - $90,230 annually Mortgage Loan Quality Control Officer II (Category 10): $63,233 - $99,908 annually Mortgage Loan Quality Control Officer III (Category 09): $69,557 - $112,677 annually Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above. In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range. Benefits Short-term and long-term incentives Comprehensive medical, dental and vision insurance plan that has HSA and FSA options 401(k) plan with a 5% match Employee Assistance Program (EAP) Life and disability coverage Voluntary cash benefits for accident, hospitalization and critical illness Tuition Reimbursement Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays Click here to view Global’s comprehensive Benefits Programs Equal Opportunity Employer

Responsibilities

The Mortgage Loan Quality Control Officer I is responsible for performing quality control audits on conventional mortgage loans and compiling information for audits by investors, insurers, and regulators. This includes reviewing loan origination, compliance, underwriting, and closing processes.