Quality Control Mortgage Credit Auditor (Remote)

About Guaranteed Rate

We’re Guaranteed Rate, the 3 rd -largest retail mortgage company in the U.S.—and aiming to be #1. We’re dedicated to the idea that belief makes anything possible. In 21 years we’ve gone from start-up to funding more than $100 billion in a single year. Our family is 15,000 people driven to making getting a mortgage the easiest part of the homebuying process. We hire the best people and have the industry’s best technology. (We invented the Digital Mortgage and work every day to create more leading-edge tech). Our HQ is in Chicago, but we’re in every state in more than 850 offices, working to make the dream of homeownership a reality for tens of thousands of people every year. Believe you’d be perfect here? We believe it too, and would love to hear from you.

Job Description:
Perform in-depth Quality Control reviews of closed mortgage loan files for compliance with applicable Agency guidelines and adherence to specific lender guidelines. This review includes income and asset analysis, credit and debt recalculation and appraisal review. Audit all origination, processing, underwriting and closing documents and reverifications for accuracy and adherence.

REMOTE

Analyze individual loan files and determine compliance with applicable lender guidelines

Review and analyze employment documentation for completeness and re-calculate income for accuracy per guideline requirements

Review and recalculate asset documentation per guideline requirements

Appraisal review for guideline and USPAP compliance and title documentation review

Review and evaluate Audit re-verification documentation received

Maintain currency on all changes to Agency guidelines including FNMA, FHLMC, FHA, VA and USDA, as well as specific investor requirements and guidelines

Independently research relevant Investor guidelines from the company’s internal intranet site and/or AllRegs

Participate in Continuing Education webinars, seminars and training on a monthly basis as required by the QC Manager

Other duties and responsibilities as may be assigned by the QC Manager

Requirements:
4 years’ recent underwriting or QC reviews of current origination with exposure to both manual and automated underwriting environments

Must have strong knowledge of FNMA and FHLMC conventional guidelines, as well as FHA, VA and USDA guidelines

Experience with JUMBO loans and self-employed income analysis is desirable

Strong knowledge of FHA/VA appraisal requirements and documentation

FHA 203(k) and VA Renovation experience a plus

Ability to navigate and research all investor policies, including specific Internal and Investor overlays

Ability to communicate audit results in a clear, professional manner

Ability to meet department quota expectations without sacrificing quality reviews

Strong verbal and written communication skills

Strong analytical skills and attention to detail

Strong computer skills

Excellent time management skills with an emphasis on quality

Ability to work flexible hours as needed

Must be self-motivated and able to work remotely in a team environment while thinking independently and sharing knowledge and ideas

Guaranteed 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. #LI-LC2 #LI-Remote
Company
Guaranteed Rate
Posted
11/21/2021
Salary Range
$26,000.00 - 49,000.00
per Year
Salary range estimated by
Location
Chicago, IL 60290, US
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