Quality Review Analyst

Virginia Housing; Richmond (VA); Hybrid; USD 62,000 - 84,000; Full time

Benefits offered by this job

Fitness center

Free parking

Educational opportunities

Hybrid work

Job summary

Virginia Housing is seeking a Quality Review Analyst to analyze closing and post-closing loan documentation for accuracy and compliance. The role includes reviewing MRB/MCC packages and ensuring adherence to federal and state guidelines in a timely manner.

The position is hybrid, offering lender training and strong customer service to internal and external stakeholders. A background in mortgage regulations and experience with closing/processing loans is required.

Qualifications

• High school diploma or equivalent; relevant work experience.

Responsibilities

• Review and analyze loan documentation (Closing, Post Closing, MRB/MCC) for accuracy and compliance.

Skills

Mortgage industry experience

Mortgage regulations knowledge

People skills

Judgment & decision-making

Data analytics

Planning

Organizational skills

Multitasking

Conflict resolution

Technology in mortgage industry

Time management

Mortgage Revenue Bond knowledge

Education

High school diploma or equivalent

Associate degree preferred

Job description

Overview

Join Virginia Housing and help make a difference as a Quality Review Analyst. (Hybrid)

This important role will review and perform an extensive analysis of documentation including but not limited to Closing, Post Closing and MRB/MCC of delegated and non-delegated loan packages (which consists of, collateral, limited credit analysis including income calculations) for accuracy, completeness and compliance with all federal (FHA, VA, RD, FNMA, FHLMC), state, Virginia Housing and insuring agency guidelines, in a timely and efficient manner, to allow for timely purchase of loans and issuance of MCC commitments and certificates. All while providing excellent customer service for both internal and external customers. Attends and participates in a variety of agency meetings (RMBA, MBA, VMBA, VA, RD) as representatives of Virginia Housing’s Homeownership Program. Provides lenders with training, as required. Provides excellent customer service to lenders by answering inquiries on a daily basis regarding loan programs, required documentation, Virginia Housing guidelines pre and post-closing issues, as well as a variety of other issues and/or questions that arise during the loan process.

Overview

Join Virginia Housing and help make a difference as a Quality Review Analyst. (Hybrid)

This important role will review and perform an extensive analysis of documentation including but not limited to Closing, Post Closing and MRB/MCC of delegated and non-delegated loan packages (which consists of, collateral, limited credit analysis including income calculations) for accuracy, completeness and compliance with all federal (FHA, VA, RD, FNMA, FHLMC), state, Virginia Housing and insuring agency guidelines, in a timely and efficient manner, to allow for timely purchase of loans and issuance of MCC commitments and certificates. All while providing excellent customer service for both internal and external customers. Attends and participates in a variety of agency meetings (RMBA, MBA, VMBA, VA, RD) as representatives of Virginia Housing’s Homeownership Program. Provides lenders with training, as required. Provides excellent customer service to lenders by answering inquiries on a daily basis regarding loan programs, required documentation, Virginia Housing guidelines pre and post-closing issues, as well as a variety of other issues and/or questions that arise during the loan process.

Virginia Housing is one of the nation’s leading housing finance agencies. Our mission is to help Virginians attain quality, affordable housing, which we accomplish through our lending and grant programs.

We are focused on employee engagement and committed to a healthy and diverse workforce. We offer on-site conveniences such as a fitness center and free parking. Educational opportunities to help your advancement are available through classroom and online programs.

To Be Successful In This Role You Must Possess

• High School diploma or equivalent vocational/technical training and/or work experience.
• Several years with sufficient experience in the mortgage industry in closing and/or processing loans.
• Must be knowledgeable of mortgage regulations CFPB, TRID, RESPA, HUD, VA. RHS and Conventional.
• Strong people and interactive skills.
• Sound judgment and decision-making abilities.
• Strong data analytics, planning, and organizational skills.
• Ability to multi-task.
• Ability to resolve conflicts.
• Understanding of technology and its impact on the mortgage industry.
• Ability to meet deadlines and knowledge.

The Ideal Candidate Would Also Have Experience In

• Understanding of Mortgage Revenue Bond and IRS regulations as they relate to Virginia Housing is preferred.
• A.A. Degree preferred.

This position will close at midnight on October 21st.

Hiring Range: $62,000 - $83,500

A background check will be performed as a condition of employment.

A Conflict-of-Interest Act Disclosure form and Secondary Employment Disclosure form will need to be completed as a condition of employment.

Virginia Housing requires associates to live and work within the Commonwealth of Virginia.

Internal applicants

(MR-5) Please review relevant HR policy under ‘Employment Practices’ on the Zone before applying.

-EOE-

V3 Certified Military friendly employer