New American Funding

Post Quality Control Auditor

New American Funding  •  $40/hr  •  United States (Remote)  •  1 month ago
Apply
Save Job
Mark Applied Mark Interviewed Mark Offered
Hide Job Report Job
AI can make mistakes so check important info. Chat history is never stored.

Job Description

Position Post Quality Control Auditor

Location Remote OK - If living within 31 miles of Santa, CA or Austin, TX will need to be able to work a hybrid schedule

Salary: Up to $40/hr D.O.E.

Primary responsibilities include in-depth file reviews of all post-closing quality control audits assigned. This position requires extensive experience in detection and prevention of loan fraud with underwriting and guideline knowledge of both conventional and government loans. Working in a paperless environment and LOS, the Post QC Quality Control Auditor is expected to make loan level risk analysis and work closely with other operational departments.

Responsibilities

  • Quality control audits of closed loans with focus on delinquent loans, oversight audits of post QC vendor work or other closed loan file audits as needed while maintaining daily productivity levels of audits completed.
  • Perform in-depth reviews and analysis of mortgage loans as assigned by Post Quality Control Manager.
  • Perform risk analysis with identification of loan level defects with escalation to management.
  • Audit results incorporate risk ratings, standardized defect categories along with determination if the findings is related to underwriting, compliance or quality control related.
  • Early detection and prevention of fraud, familiarity with red flags.
  • Perform review of reverifications as required per investors, agencies and NAF QC Plan with identification of discrepancies.
  • Ensure all loans are underwritten in accordance with all required Investor and agency guidelines such as, FNMA, FHLMC, HUD, VA, USDA and Jumbo.
  • Maintain knowledge of underwriting guidelines, AUS (DU, LP and Manual) requirements, NAF overlays, NAF policy and procedures.
  • Data integrity reviews.
  • Continuous education via webinars and other training.
  • Assist management as needed with Post QC vendor findings and resolutions.

    • Qualifications

  • Strong ability to detect possible misrepresentation and/or fraud.
  • Previous underwriting experience, and/or Quality Control review/audit experience of mortgage loans.
  • Working knowledge of investor guidelines such as FNMA, FHLMC, FHA, VA, USDA, Jumbo and Reverse.
  • Ability to analyze risk as it relates to investment quality loans, critical thinking with short yet comprehensive write ups.
  • Extensive knowledge of DU, LP and manually underwritten loans.
  • Ability to review audit documentation, perform analysis, validate and document potential risk to determine course of appropriate corrective action and/or make recommendations of such action.
  • Excellent written and oral communication skills with the ability to rate and categorize risk ratings in a clear and concise manner.

    • Desired Education/Experience

  • 5 or more years’ underwriting, credit and/or QC experience.
  • DE and/or VA underwriting designations preferred but not required.

    • Other Duties: This job may require frequent sitting or standing for long periods of time. This job profile is not intended to be an all-inclusive list of job duties and responsibilities, as one may perform additional related duties as assigned in order to meet the needs of the organization.

    Work Authorization: Must be able to verify identity and employment eligibility to work in the U.S.

    [EOE/M/F/D/V. Drug-free workplace.]

    Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a keyboard; and to verbally communicate to exchange information. VISION See in the normal visual range with or without correction. HEARING Hear in the normal audio range with or without correction.

    #LI-REMOTE

    #LI-BT1

    New American Funding

    About New American Funding

    Our Mission:

    New American Funding enables clients of all backgrounds to accomplish the American dream of homeownership by offering a diverse product suite, competitive pricing, and our promise to provide a timely and efficient closing. Our dedication to client service during the transaction extends after the closing while we service their mortgage. This passion for client service is displayed in every step of the homeownership experience with a focus on fulfilling our client’s needs in a manner that enhances their standard of living.

    We welcome thoughtful conversation. To keep this space respectful and helpful, please review our community guidelines. -https://bit.ly/4lkZf1v

    New American Funding LLC

    NMLS #6606

    NMLS Consumer Access: http://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/6606

    State Licensing: https://www.newamericanfunding.com/legal/state-licensing/

    To view the Texas Complaint Notice, please go to www.newamericanfunding.com/legal/state-licensing/”

    Industry
    Finance & Insurance
    Company Size
    1,001-5,000 employees
    Headquarters
    Tustin, CA
    Year Founded
    Unknown
    Website
    newamericanfunding.com
    Social Media