POSITION SUMMARY:
Conduct compliance and post close audits on conventional and government (agency) type Mortgage loan files originated for sale to Fannie Mae, Freddie Mac, FHA, VA, USDA or Private Investors.
ESSENTIAL JOB FUNCTIONS:
- Review closed loan documents to ensure compliance with all Federal, State and local regulations
- Assess incoming loan files for data integrity
- Audit a minimum of 10 files per day AND maintain a 95% or higher rate of accuracy
- Register review with company’s proprietary software for reporting purposes
- Stay current on all agency, state and federal guidelines, and participate in on-going training as industry evolves
- Manage time efficiently and prioritize workloads to meet strict deadlines while handling multiple tasks
- Be adaptable in the work environment and work well with others on the team
- Complete company/client introductory training during orientation period
- Establish and maintain production standards and quality requirements
- Conduct all activities and interactions in a professional manner
- Adhere to the companies “Core Values”
- Other duties as assigned by manager
REQUIRED MINIMUM QUALIFICATIONS:
- At least 3 years of experience in conventional and government compliance, and post- closing reviews in the Mortgage industry
- Underwriting, including junior underwriting, with quality assurance reviews in a multiple client environment is desired
- In-depth knowledge of all federal, state and local compliance regulations to include: Truth in lending, Equal Credit Opportunity laws, CFPB, REG Z, REG B and REG X
- In-depth knowledge of the total closing function to include: underwriting condition to closing, closing instructions, closing procedures and TRID
- College Degree or equivalent work related experience, High School Diploma required
- Intermediate level skills working with Microsoft Office Suite, particularly Word and Excel
- Strong data entry skills
- Effective written and oral communication skills
- Ability to handle multiple tasks and prioritize workloads