WHO WE ARE:

Xactus (pronounced ?Zac-tus’) is the leading verification innovator for the mortgage industry. We have over 6,500 clients ranging from the largest bank and non-bank mortgage originators to credit unions and mortgage brokers. With 2 operation centers across the U.S., Xactus works closely with our clients to digitally integrate a 360° approach to verification across their workflows. As a result, lenders can easily access the technology necessary to meet consumer demands for a modern mortgage experience with industry-leading speed, reliability, and accuracy - while also closing more loans more quickly with greater profitability.
We provide a friendly work environment while also providing many opportunities for you to enhance your skills. We have a top-notch financial leadership team who prioritizes building talent. If you are curious and searching for a change that will be fun and rewarding, please reach out to us! We would love to have you on our team!

WHO YOU ARE:

You are a career-minded, driven individual who is looking for a position that challenges you and supports your professional development.

SUMMARY:

Responsibilities include quality control audit re-underwriting review of closed loans. The Quality Control Auditor will capture loan data as specified in the Quality Control system, comment on deficiencies as necessary and grade loan accordingly.
ESSENTIAL FUNCTIONS: The following is a list of essential functions, which is subject to change at any time and without advance notice. Management may assign new duties, reassign existing duties, or eliminate a function based on business needs or at its sole discretion.

• Complete credit re-underwrite on all loan files pursuant to AUS findings or manual loan approvals.
• Analysis of property appraisal to determine if value is supported and property meets all eligibility requirements
• Analysis and recalculation as required of all borrower income sources.
• Analysis of borrower?s debt load and calculation of debt to income ratio.
• Make determination that loan elements are acceptable to appropriate investor guidelines.
• Must be able to seek out and identify potential misrepresentation and fraud.
• Identify any potential defect trends noted within a particular QC period or series of periods.
• Interpret the results of any re-verifications received at the time of the QC review and cite defects accordingly
• Enter defined loan data into Quality Control system
• Complete review of all closing documents and disclosures on all loans files, as able
• Analysis of Note, Mortgage, and Assignment with emphasis on accuracy.
• Check file for all legal documents.
• Perform appropriate High Cost, APR, Amount Financed, and State Predatory tests in the Compliance Review system.
• Comment on loan inaccuracies, deficiencies, and missing items
• Assign loan level defects pursuant to the severity and type of deficiency with an emphasis on overall investor and agency risk.
• Ability to consistently meet and exceed daily productivity goals
• Ability to achieve and maintain quality standards.
• Maintains consistent schedule for training and mentoring with QC Auditor II or above.
• Performs other duties as required.