Mortgage Loan Quality Control Supervisor

Overview

Reports To:Mortgage Quality Control Compliance Manager

Functions Supervised:Quality Control Officers in all areas

Primary Functions:Supervise and perform quality control on mortgage and real estate loans: coordinate responses to investor/insurer/regulatory audits.

Duties And Responsibilities

• Supervise QC Officers performing all audit functions required for mortgage loans as outlined in the Quality Control Policies and procedures, and as required by investors, insurers, and regulators. This includes review of origination, regulatory compliance, underwriting, closing, and insurance of assigned loans.
• Review loan underwriting decisions to ensure underwriting staff is in compliance with established policy and requirements for FHA, VA, RD, Fannie Mae, Freddie Mac, HUD-184, AHFC, and any other appropriate secondary market investors. Similarly review documentation accepted to support automated underwriting decisions for accuracy and reasonableness.
• Review management responses to QC audit findings, compile data and prepare reports upon completion of monthly quality control review, addressing exceptions and remedies as necessary. Prepare all required investor quality control reports and distribute as required; arrange internal publications of monthly Quality Control reports.
• Provide guidance, assistance, and training to Mortgage Loan Quality Control staff. Provide feedback and direction to management regarding identified trends and errors. Work with management toward improvement of mortgage loan quality.
• Work collaboratively with Production and Operations managers to initiate changes to achieve organizational goals and enhance the quality and efficiency of the department and products.
• Perform other duties as assigned.
  
  
  

Qualifications

Education:Bachelor's degree in Business Administration or management.

Creditable Experience in Lieu of Education:At least five years in real estate lending, with at least five years underwriting experience preferable. Advanced industry courses in real estate lending recommended.

Experience/Skills:Proven ability to underwrite and/or process conventional, FHA, RD, and VA loans. Must be familiar with investor guidelines. DE CHUMS and VA SAR designations preferred. Knowledge and understanding of the mortgage loan closing/disbursement process: regulatory compliance requirements; Desktop Underwriter, Loan Prospector, and GUS.

Tenure:Not applicable

Compensation

Mortgage Loan Quality Control Supervisor (Category 08)

Salary Pay Range: $79,989 - $132,798 annually. Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above.

In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.

Benefits

• Short-term and long-term incentives
• Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
• 401(k) plan with a 5% match
• Employee Assistance Program (EAP)
• Life and disability coverage
• Voluntary cash benefits for accident, hospitalization and critical illness
• Tuition Reimbursement
• Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
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Equal Opportunity Employer