QC Auditor II

Xactus; Pennsylvania; Remote; USD 60,000 - 100,000; Full time

Job summary

An established industry player in the mortgage sector is seeking a Quality Control Auditor to join their dynamic team. This full-time position offers the opportunity to engage in quality control audit re-underwriting of closed loans, ensuring compliance with investor guidelines while identifying potential misrepresentation and fraud. With a strong focus on professional growth, the company provides a supportive environment where your skills will be valued and developed. Join this innovative firm and contribute to enhancing the mortgage experience for clients across the nation!

Benefits

Medical insurance

Vision insurance

Dental insurance

401k with match

Fitness reimbursement

Disability insurance

Life insurance

Health savings accounts

Flexible spending accounts

Employee assistance programs

Qualifications

• 5-10 years of experience in mortgage underwriting or audit.
• Bachelor’s degree in business or equivalent experience.

Responsibilities

• Perform credit re-underwrites based on AUS findings.
• Analyze property appraisals for value support and eligibility.
• Ensure loan elements meet investor guidelines.

Skills

Knowledge of Fannie Mae, Freddie Mac, FHA, VA requirements

Excellent communication skills

Sound judgment and decision-making abilities

Ability to interpret mortgage and financial documents

Problem-solving and data analysis skills

Education

Bachelor’s degree in business or related field

5-10 years mortgage underwriting/audit experience

Job description

EOE Statement: We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law.

Category: Quality Control

Description

WHO WE ARE:

Xactus (pronounced 'Zac-tus') is the leading verification innovator for the mortgage industry. We serve over 6,500 clients, including major banks, non-bank mortgage originators, credit unions, and mortgage brokers. With two operational centers across the U.S., we work closely with our clients to digitally integrate a comprehensive verification approach across their workflows. Our technology enables lenders to meet consumer demands for a modern mortgage experience with industry-leading speed, reliability, and accuracy, helping them close more loans efficiently and profitably.

We offer a friendly work environment and numerous opportunities for skill enhancement. Our top-notch financial leadership team prioritizes talent development. If you're curious and seeking a rewarding change, we invite you to join our team!

WHO YOU ARE:

You are a career-minded, driven individual seeking a challenging position that supports your professional growth.

THE BENEFITS WE OFFER:

Our employees rate our environment highly, citing respect, acceptance, and caring management. Benefits include medical, vision, dental insurances, bonus programs, fitness reimbursement, 401k with match, disability, life insurance, health savings accounts, flexible spending accounts, employee assistance, legal services, discounts, and more.

SUMMARY:

The role involves quality control audit re-underwriting of closed loans. The Quality Control Auditor will document loan data, comment on deficiencies, and assign grades accordingly.

ESSENTIAL FUNCTIONS:

Note: These duties are subject to change based on business needs.

1. Perform credit re-underwrites based on AUS findings or manual approvals.
2. Analyze property appraisals for value support and eligibility.
3. Recalculate borrower income sources as needed.
4. Assess borrower's debt load and calculate debt-to-income ratios.
5. Ensure loan elements meet investor guidelines.
6. Identify potential misrepresentation and fraud.
7. Detect defect trends within QC periods.
8. Interpret re-verification results and cite defects.
9. Input loan data into the QC system.
10. Review closing documents and disclosures.
11. Analyze notes, mortgages, and assignments for accuracy.
12. Verify all legal documents.
13. Perform compliance tests (High Cost, APR, etc.).
14. Comment on inaccuracies, deficiencies, and missing items.
15. Assign defect severity based on risk.
16. Meet productivity and quality standards.
17. Train and mentor team members.
18. Perform additional duties as required.

Position Requirements

QUALIFICATIONS:

Must perform all duties satisfactorily. Reasonable accommodations are provided for disabilities.

EDUCATION AND/OR EXPERIENCE:

• 5-10 years mortgage underwriting/audit experience.
• Bachelor’s degree in business or related field, or equivalent experience.

SKILLS AND COMPETENCIES:

• Knowledge of Fannie Mae, Freddie Mac, FHA, VA requirements, and compliance.
• Excellent communication skills.
• Sound judgment and decision-making abilities.
• Ability to interpret mortgage and financial documents.
• Ability to document and explain mortgage defects clearly.
• Proficiency in grammar and spelling.
• Advanced mathematical skills for income and ratio calculations.
• Problem-solving and data analysis skills.
• Ability to research using guidelines and policies.

WORKING CONDITIONS:

• Standard office environment, possibly remote.
• Flexible hours may be required.

PHYSICAL DEMANDS:

We promote an inclusive workplace with accommodations for disabilities. Please contact your supervisor for questions regarding physical demands.

• Lifting up to 10 lbs.
• Manual dexterity for computer work.
• Speaking, hearing, and vision required.

Position: Full-Time (unspecified), Shift: Not applicable, Location: Remote, Openings: 1, Exempt/Non-Exempt: Exempt, Req Number: QUA-25-00002, Open Date: 4/21/2025. This position is currently accepting applications.