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Mortgage Loan Quality Control Supervisor

Company: Alaska USA Federal Credit Union
Location: Anchorage
Posted on: May 9, 2022

Job Description:

Overview:Reports To: Mortgage Quality Control Compliance Manager
Functions Supervised: Quality Control Officers in all areas
Primary Functions: Supervise and perform quality control on mortgage and real estate loans: coordinate responses to investor/insurer/regulatory audits.
Duties and Responsibilities:

  • Supervise QC Officers performing all audit functions required for mortgage loans as outlined in the Quality Control Policies and procedures, and as required by investors, insurers, and regulators. This includes review of origination, regulatory compliance, underwriting, closing, and insurance of assigned loans.
  • Review loan underwriting decisions to ensure underwriting staff is in compliance with established policy and requirements for FHA, VA, RD, Fannie Mae, Freddie Mac, HUD-184, AHFC, and any other appropriate secondary market investors. Similarly review documentation accepted to support automated underwriting decisions for accuracy and reasonableness.
  • Review management responses to QC audit findings, compile data and prepare reports upon completion of monthly quality control review, addressing exceptions and remedies as necessary. Prepare all required investor quality control reports and distribute as required; arrange internal publications of monthly Quality Control reports.
  • Provide guidance, assistance, and training to Mortgage Loan Quality Control staff. Provide feedback and direction to management regarding identified trends and errors. Work with management toward improvement of mortgage loan quality.
  • Work collaboratively with Production and Operations managers to initiate changes to achieve organizational goals and enhance the quality and efficiency of the department and products.
  • Perform other duties as assigned.Qualifications:Education: Bachelor's degree in Business Administration or management.
    Creditable Experience in Lieu of Education: At least five years in real estate lending, with at least five years underwriting experience preferable. Advanced industry courses in real estate lending recommended.
    Experience/Skills: Proven ability to underwrite and/or process conventional, FHA, RD, and VA loans. Must be familiar with investor guidelines. DE CHUMS and VA SAR designations preferred. Knowledge and understanding of the mortgage loan closing/disbursement process: regulatory compliance requirements; Desktop Underwriter, Loan Prospector, and GUS.
    Tenure: Not applicable
    Equal Opportunity Employer

Keywords: Alaska USA Federal Credit Union, Anchorage , Mortgage Loan Quality Control Supervisor, Other , Anchorage, Alaska

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