Employee Applicant Privacy Notice
Who we are:
Shape a brighter financial future with us.
Together with our members, we’re changing the way people think about and interact with personal finance.
We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
The Role:
The Mortgage Quality Control Analyst is responsible for ensuring the accuracy and compliance of mortgage loans with regulatory standards and company policies. This quality control position supports the Prefunding Quality Assurance team. The role involves thorough review and analysis of loan files, identifying potential risks, and recommending corrective actions to ensure the quality of loan originations.
What You’ll Do:
Conduct comprehensive audits of mortgage loan files to ensure compliance with federal, state, and investor guidelines.
Review loan documentation for accuracy, completeness, and adherence to underwriting standards.
Ensure loans meet established guidelines and regulatory requirements, including Fannie Mae, Freddie Mac, FHA, VA, and other investor standards.
Identify discrepancies and potential risks in loan files and provide detailed reports on findings.
Collaborate with underwriting, processing, closing teams, and other relevant parties to rectify identified issues.
Provide support and guidance to underwriters and processors on underwriting criteria and requirements.
Take part in the development and implementation of quality control plans and procedures. Participate in evaluating current loan review processes and provide feedback and recommendations to increase efficiency and risk management capabilities.
Stay updated on changes in mortgage regulations, underwriting guidelines, and industry best practices. Complete monthly training on key underwriting topics and quality matters.
Maintain detailed and accurate records of quality control audits and supporting documentation in the LOS (Encompass) and quality management system (ACES)
Prepare and present quality control reports to management.
Assist in the development of corrective action plans and monitor their implementation.
What You’ll Need:
Bachelor’s degree in finance, Business Administration, or a related field (or equivalent work experience).
Minimum of 3-5 years of experience as a residential mortgage underwriter or mortgage quality control underwriter.
Strong knowledge of federal and state mortgage regulations and investor guidelines, including Fannie Mae, Freddie Mac, FHA, and VA guidelines.
Excellent analytical skills and attention to detail.
Proficient with Encompass mortgage loan origination system.
Strong communication and interpersonal skills.
Ability to work independently and as part of a team.
Proficient with quality control software ACES preferred.
FHA DE and VA LAPP/SAR certifications are preferred.
