Quality Control Analyst: Multi Unit Residential Lending

TEKsystems; Toronto; Remote; CAD 80,000 - 100,000; Part time

Job summary

A leading company in financial services is seeking a part-time Quality Control Analyst focusing on multi-unit residential lending in Toronto. The role involves reviewing loan documents for accuracy and compliance and mitigating credit risks. Ideal candidates will have at least 5 years of experience in the mortgage lending sector, particularly familiar with CMHC guidelines.

Qualifications

• 5+ years of experience in mortgage lending, focusing on multi-unit residential lending.
• In-depth knowledge of CMHC MLI program for underwriting is required.
• Strong understanding of credit underwriting principles and loan documentation.

Responsibilities

• Conduct thorough reviews of loan files and verify documentation accuracy.
• Assess compliance with underwriting policies and regulatory requirements.
• Identify and document deficiencies within loan files.

Skills

Compliance assessment

Risk identification

Attention to detail

Education

Degree in a related field

Tools

Automated quality control systems

Job description

Quality Control Analyst: Multi Unit Residential Lending

Quality Control Analyst: Multi Unit Residential Lending

6 days ago Be among the first 25 applicants

Our client, one of our Financial Services customers (focusing within alternative lending) is looking for a Part-time Mortgage Lending, Quality Assurance Analyst. Reporting to the VP, this person plays a crucial role in ensuring the accuracy, completeness, and compliance of multi-unit residential lending files. This position requires a strong understanding of credit multi-unit residential underwriting guidelines, regulatory requirements, and best practices to identify and mitigate potential risks. This candidate would work on average of 20hrs per week and will be 100% remote from home.

File Reviews

Major Duties & Responsibilities:

Conduct thorough reviews of loan files within the timelines/requirements specified by HTB’s insured multi-family mortgage origination partners.

Verify the accuracy and completeness of loan documentation.

Review and confirm the accuracy, completeness, and status of the insured mortgage’s Certificate of Insurance (COI) issued by CMHC.

Confirm that quarterly aggregation of mortgages from origination partners meets the specifications of the applicable Master Trust and Servicing Agreement (MTSA), most specifically satisfying CMHC’s Affordability-Linked Pools (ALP) requirements

Assess compliance with underwriting policies, regulatory requirements and required guidelines.

Identify and document any deficiencies or discrepancies within loan files

Risk Identification & Mitigation

Identify and assess potential credit risks associated with inadequate underwriting practices.

Escalate identified issues to appropriate parties.

Contribute to the development and implementation of mitigation strategies to address identified risks

Quality Control

Assess mortgages on a recurring basis against individual and aggregate specifications in the Bank’s RMUP (i.e., min. and max. individual loan sizes, provincial concentration limits, etc.)

Monitor and analyze quality control data to identify trends and areas for improvement.

Prepare reports summarizing quality control findings and identifying areas of concern.

Training & Support

Assist in the development and maintenance of internal QA manuals and procedures.

Qualifications

Degrees, Diplomas & Certifications:

• 5+ years of experience in mortgage lending, with a focus on multi-unit residential lending.
• Experience with automated quality control systems.
• In depth knowledge of CMHC MLI program for multi-unit underwriting is required
• Strong understanding of credit underwriting principles, loan documentation requirements, and regulatory compliance.
  
  
  

Duration: 6 month contract to start with opportunity of extension OR conversion to permanent

Pay: $40 - $45/hr

Pay And Benefits

The pay range for this position is $40.00 - $45.00/hr.

Workplace Type

This is a fully remote position.

À propos de TEKsystems et TEKsystems Global Services

Nous sommes un fournisseur de services aux entreprises et de technologies. Nous accélérons la transformation de nos clients. Notre compétence en stratégie, conception, exécution et opérations libère la valeur de l’entreprise par un éventail de solutions. Nous sommes une équipe de 80 000 personnes qui collaborent avec plus de 60 000 clients, notamment 80 % du Fortune 500 en Amérique du Nord, Europe et Asie, qui collaborent avec nous dans le cadre de nos capacités full-stack et notre rythme. Nous sommes des penseurs stratégiques, des collaborateurs pratiques qui aident les clients à exploiter le changement et maîtriser le dynamisme de la technologie. Nous bâtissons le futur en livrant les résultats et en créant un impact positif dans nos communautés mondiales. TEKsystems et TEKsystems Global Services sont des entreprises d’Allegis Group. Découvrez d’autres informations à TEKsystems.com.

About TEKsystems And TEKsystems Global Services

We’re a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. We’re a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. We’re strategic thinkers, hands-on collaborators, helping customers capitalize on change and master the momentum of technology. We’re building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com.

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Quality Assurance

• Industries

  IT Services and IT Consulting

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