QUALITY CONTROL AUDITOR

Position Title: Quality Control Auditor
Reports to: Quality Control Manager
Status: Regular, Full Time
Pay Grade: Hourly (DOE) $19.00
Department: Quality Control
FLSA Status: Non-Exempt
Location: Ann Arbor, MI Hybrid 3 days a week in office, 2 remote
Schedule: M-F 9:00am-5:00pm EST

ESSENTIAL SKILLS AND EXPERIENCE:

• An Associate’s Degree from an accredited college or university required;
• At least 3-5 years of prior experience in a QC Auditor role;
• Understanding of current mortgage industry-related regulatory law;
• Must have exceptional attention to detail and strong organizational skills;
• Must be dependable with meeting deadlines and managing time;
• Have an ability to multi-task;
• Possess strong oral and written communication skills.

PREFERRED EDUCATION/EXPERIENCE:

• A Bachelor’s Degree from an accredited college or university.

SUMMARY & PURPOSE OF POSITION:

The Quality Control Team safeguards the company against potential risk, and ensures that we remain compliant with underwriting and regulatory standards. The Quality Control Auditor should have a strong desire to challenge oneself in a fast-paced, high energy atmosphere, and who has the resourcefulness to stand out among the best.
The Quality Control Auditor is primarily responsible for performing timely audits on loans, analyzing and assessing risk, along with accurately documenting all findings on audited files.

PRIMARY POSITION-SPECIFIC RESPONSIBILITIES:

• Perform timely audits of loans selected for quality control through sampling, or targeted reviews at the direction of senior management;
• Complete full re-underwrite as may be required by agency guidelines or internal policy;
• Maintain strong working knowledge of FHA, VA, FNMA/FHLMC underwriting standards;
• Analyze and assess risk, ensure adherence to policies and procedures, detect potential errors and omissions in the underwriting process, and re-verify/recalculate information contained on the loan application;
• Document all findings, record the results of each audit, and make recommendations/reports to senior management regarding exceptions;
• Analyze loan files to ensure the borrower’s ability to repay if designated as a Qualified Mortgage;
• Be exceptionally observant of issues involving potential fraud, and report any such issues to the QC Manager or other appropriate department;
• Review and identify for red flags and for escalation to the SIU manager;
• Maintain up-to-date knowledge of industry best practices in Quality Control field;
• Complete other duties as assigned.