QC Mortgage Underwriter

Rate; United States; On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

401(k) participation

Medical, dental, and vision benefits

Vacation benefits

Commuter benefits

Flexible benefits

Job summary

A financial services company is seeking a Quality Control Auditor to conduct comprehensive credit reviews of closed loan files. This position requires a minimum of five years of underwriting experience in the mortgage industry and involves accurately recording audit findings while ensuring compliance with investor guidelines. Strong analytical abilities and attention to detail are essential. The company offers a comprehensive benefits program including a 401(k) and medical benefits.

Qualifications

• Minimum of five years of underwriting experience in the mortgage industry.
• Comprehensive understanding of mortgage underwriting regulations.
• Proven track record of researching issues within loan files.

Responsibilities

• Conduct comprehensive credit reviews of closed loan files.
• Accurately record audit findings.
• Re-underwrite and audit closed loan files.

Skills

Communication skills

Analytical abilities

Attention to detail

Problem-solving expertise

Adaptability

Multitasking

Job description

The Quality Control Auditor reports directly to the Quality Control Manager and is primarily responsible for conducting comprehensive credit reviews of closed loan files. This entails re-underwriting closed loan files and scrutinizing re-verification documentation pertaining to credit, income, assets and subject property. Additionally, the candidate will thoroughly assess the entire loan and meticulously document their findings.

Responsibilities

• Responsible for accurately recording audit findings in a professional manner.
• Reports deficiencies and recommends remediation.
• Re-underwrite/audit closed loan files by completing new income /asset calculation and reviewing all credit reports and appraisals to ensure borrowers qualify for specific Investor loan program.
• Audit all origination, processing, underwriting, and closing documents for accuracy.
• Understand and stay informed on all specific investor requirements and guidelines.
• Ability to research independently different Investor and company guideline sites.
• Have the knowledge and understanding of how to conduct manual underwrites.
• Participate in Continuing Education webinars, seminars, and training as required by the QC Manager.
• Audit re-verifications received by the QC Re-verifications Department.
• Additional other tasks as assigned.
• Proven track record of researching issues within loan files and assessing whether loans align with investors' credit criteria, possessing comprehensive understanding of both conventional and government underwriting guidelines.
• Exceptional communication skills combined with a keen eye for detail.
• Demonstrated evidence of a robust work ethic, accountability, self-motivation, and an unwavering commitment to excellence.
• Outstanding analytical abilities, essential for thriving in a dynamic work environment, and understanding specialized knowledge of mortgage underwriting regulations. Problem-solving expertise, adaptability, and proficiency at multitasking are imperative.

Minimum of five years of underwriting experience in the mortgage industry.

Equal Opportunity Employment

Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason protected by law.

Benefits

The company offers a comprehensive benefits program to eligible employees, including eligibility to participate in a company-sponsored 401(k); vacation benefits; eligibility for medical, dental, vision, and prescription drug benefits; flexible benefits (e.g., healthcare and/or dependent day care flexible spending accounts); life insurance and death benefits; critical care insurance; personal accidental insurance; commuter benefits; pet insurance; certain time off and leave of absence benefits; well-being benefits (e.g., employee assistance program); and other supplemental benefits (e.g., legal planning assistance; identity theft protection; pet insurance; wellness resources).

Please click this link to learn more about our benefit offerings for Washington State: https://www.rate.com/careers/open-positions/disclosures