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Role Description

The primary responsibilities include in-depth file reviews of all post-closing quality control audits assigned. This position requires extensive experience in detection and prevention of loan fraud with underwriting and guideline knowledge of both conventional and government loans. Working in a paperless environment and LOS, the Post QC Quality Control Auditor is expected to make loan level risk analysis and work closely with other operational departments.

• Quality control audits of closed loans with focus on delinquent loans, oversight audits of post QC vendor work or other closed loan file audits as needed while maintaining daily productivity levels of audits completed.
• Perform in-depth reviews and analysis of mortgage loans as assigned by Post Quality Control Manager.
• Perform risk analysis with identification of loan level defects with escalation to management.
• Audit results incorporate risk ratings, standardized defect categories along with determination if the findings are related to underwriting, compliance or quality control related.
• Early detection and prevention of fraud, familiarity with red flags.
• Perform review of reverifications as required per investors, agencies and NAF QC Plan with identification of discrepancies.
• Ensure all loans are underwritten in accordance with all required Investor and agency guidelines such as FNMA, FHLMC, HUD, VA, USDA and Jumbo.
• Maintain knowledge of underwriting guidelines, AUS (DU, LP and Manual) requirements, NAF overlays, NAF policy and procedures.
• Data integrity reviews.
• Continuous education via webinars and other training.
• Assist management as needed with Post QC vendor findings and resolutions.

Qualifications

• 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, FHA, VA, USDA, Jumbo and Reverse.
• Ability to analyze risk as it relates to investment quality loans, critical thinking with short yet comprehensive write ups.
• Extensive knowledge of DU, LP 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.
• Excellent written and oral communication skills with the ability to rate and categorize risk ratings in a clear and concise manner.

Requirements

• 5 or more years’ underwriting, credit and/or QC experience.
• DE and/or VA underwriting designations preferred but not required.

Other Duties

This job may require frequent sitting or standing for long periods of time. This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.

Work Authorization

Must be able to verify identity and employment eligibility to work in the U.S.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information.

• VISION: See in the normal visual range with or without correction.
• HEARING: Hear in the normal audio range with or without correction.