Mortgage Loan Quality Control Supervisor

Global Credit Union; Street (MD); On-site; USD 79,000 - 133,000; Full time

Job summary

An established industry player is seeking a Mortgage Loan Quality Control Supervisor to oversee quality control on mortgage and real estate loans. This pivotal role involves supervising audit functions, ensuring compliance with regulatory standards, and providing guidance to the Quality Control team. The ideal candidate will have extensive experience in underwriting and a strong understanding of mortgage processes. Join a forward-thinking organization that values quality and efficiency while offering a comprehensive benefits package and a competitive salary range based on experience and qualifications.

Benefits

Comprehensive medical, dental and vision insurance

401(k) plan with 5% match

Tuition Reimbursement

Generous Paid Time Off

Employee Assistance Program (EAP)

Life and disability coverage

Voluntary cash benefits for critical illness

Qualifications

• 5+ years in real estate lending with underwriting experience preferred.
• Proven ability to underwrite and process various loan types.

Responsibilities

• Supervise QC Officers performing audit functions for mortgage loans.
• Review loan underwriting decisions for compliance with policies.

Skills

Underwriting FHA, VA, RD loans

Regulatory compliance knowledge

Mortgage loan processing

Investor guidelines familiarity

Education

Bachelor's degree in Business Administration

Advanced industry courses in real estate lending

Tools

Desktop Underwriter

Loan Prospector

GUS

Job description

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
• Click here to view Global’s comprehensive Benefits Programs

Equal Opportunity Employer