Summary:
We are seeking a qualified and experienced Quality Control Supervisor – Credit and Compliance to oversee the underwriting review and accuracy of due diligence reviews completed on newly originated loans (NonQM, DSCR, Closed End Second, HELOC, Jumbo Prime etc.). This role plays a vital part in ensuring the quality and accuracy of our results for the buyer/seller of a loan sale transaction.
Roles & Responsibilities:
- Manage and oversee the quality control team. Lead and supervise a team of Quality Control Credit and Compliance Underwriters, providing coaching, mentoring, and performance feedback.
- Develop and implement quality control procedures and policies.
- Conduct comprehensive reviews of a sample of completed loan files to ensure adherence to underwriting guidelines, investor requirements, and all applicable federal, state, and local regulations.
- Identify trends and root causes of errors from credit and compliance review and develop and implement corrective action plans.
- Analyze reports to identify areas for process improvement and recommend changes to underwriting procedures.
- Stay up-to-date on the latest mortgage industry regulations and ensure the team is informed of any updates.
- Prepare and maintain detailed reports on quality control activities
Skillset & Qualifications Required:
- Recent due diligence experience is essential.
- A minimum of five years of credit and compliance experience overseeing the underwriting of newly originated loans.
- Proven experience in mortgage loan quality control processes.
- In-depth knowledge of underwriting guidelines, investor requirements, and relevant regulations (FHA, VA, USDA, QM, Non-QM etc.).
- Strong analytical and problem-solving skills.
- Servicing: GSE defect experience a must.
- Experience using the Scienna or LauraMac applications is preferred.
- Excellent communication, interpersonal, and coaching skills.
- Proficient in Microsoft Office Suite and mortgage loan processing software.
Job Location: United States