QC Analyst at JMAC Lending

Costa Mesa, California, United States -

Full Time

Start Date

Immediate

Expiry Date

16 Apr, 26

Salary

36.0

Posted On

16 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Quality Control, Compliance, Loan Underwriting, Documentation Review, Risk Assessment, Communication, Attention to Detail, Organization, Microsoft Office Suite, Customer Support, Time Management, Problem Solving, Mortgage Loans, Credit Analysis, Regulatory Guidelines, Team Collaboration

Industry

Financial Services

Description

About JMAC Lending: With over 25 years of experience, JMAC Lending has been dedicated to enhancing the client experience through our cutting-edge products, outstanding service, and unwavering support. We are committed to empowering our partners and driving business growth together. Our culture is centered around exceeding current market options, making us the preferred lender for our clients. Our team boasts impressive credentials and engages in continuous learning, ensuring a perfect blend of knowledge and expertise. Built on a foundation of ethical integrity, our company efficiently and skillfully delivers competitive product pricing for both wholesale and correspondent lending, prioritizing our clients' needs. The Opportunity: The Quality Control Analyst is a proactive and skilled professional who will take charge of the QC process by autonomously conducting QC reviews for both prefunding and post-closing loans. This role involves ensuring that all loans meet compliance standards and are underwritten (and closed) correctly, in accordance with the latest FNMA/FHLMC, FHA, VA, investor, internal, and regulatory guidelines. This is a Full-Time/Fully Remote opportunity offering competitive pay ranging from $29-$36 per hour. Corporate hours are 8:00-5:00 Pacific Time, but we are open to some flexibility Key Responsibilities: Maintain a pipeline of prefunding and post-closing loans to review within the required turn times. Fully assess loan quality, eligibility, and compliance of selected loans assigned. Ensure selected loans are in compliance with federal and state regulations, as well as the most current FNMA/FHLMC, FHA, VA, internal, and investor requirements. Perform review of credit, income documentation, calculations, and assets used to qualify for accuracy and compliance in order to validate underwriter’s loan approval. Increase process efficiency by identifying potential risk and mitigating factors that may impact the Company through credit decisions and the customer's ability to repay the loan. Provide interactive feedback and clear communication throughout the audit process with the Underwriters, Funders, and their respective Managers. Regularly communicate and provide audit findings to the QC Supervisor. Provide updates, reporting and audit findings to internal workgroup(s), for review and mitigate major defects found, when applicable. Perform other duties as assigned in order to support the QC business unit Requires minimum 5 years previous experience in mortgage QC, including experience with conventional, jumbo/non-conforming, and government loans. Previous experience in reviewing and analyzing mortgage credit packages, AUS findings, and calculating loan ratios and variables. Prior working knowledge and experience in the calculation and verification of income and assets, evaluation of credit reports, purchase contracts, appraisals, title commitments, and other loan pertinent documentation. Excellent written and verbal communication skills. Excellent customer support skills and service orientation. Ability to work cooperatively and professionally in a fast-paced production environment. Strong attention to detail and strong communication skills. Strong organization skills and ability to prioritize and work well under time constraints to meet deadlines. Must be able to endure heavy workloads during peak periods. Strong working knowledge and use of Microsoft Office Suite, including Word and Excel. Comprehensive Health Care Package (Medical, Dental & Vision) Life Insurance Options (Basic, Voluntary & AD&D) Generous Paid Time Off (Vacation & Holidays) Retirement Savings Plan (401k) Short-Term & Long-Term Disability Coverage Family Leave Benefits Wellness Support Resources JMAC Lending, Inc. is an Equal Employment Employer. We are committed to workforce diversity. Qualified applicants will receive consideration without regards to age, race, religion, sex, sexual orientation, gender identity or national origin. DISCLAIMER: JMAC Lending is an evolving company. As such this job description is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed as assigned.

Responsibilities

The Quality Control Analyst will conduct QC reviews for prefunding and post-closing loans, ensuring compliance with various guidelines. This role also involves assessing loan quality and providing feedback to underwriters and managers.