QA - Underwriting

Quality Control Analyst – U/W QC

Digital Risk’s mission to Make Mortgages Safe relies on the perfect blending of human experience and state-of-the-art technology to serve its workforce and clients.

Digital Risk’s 1,500+ team members make us one of the largest mortgage outsource providers in the U.S., supplying appraisal and mortgage processing, underwriting and closing to the largest banks and loan originators.

Position Overview

Perform in-line quality control reviews of mortgage loan files for adherence to specific lender guidelines with an emphasis on buy-pre and post-closing audits, compliance, and other client required quality service levels. Reviews include identifying potential fraud and/or misrepresentation, processing / underwriting deficiencies, compliance violations, and/or applicable scope specific opportunities. Partner with client’s quality departments and Digital Risk’s internal Corporate QA to align, calibrate and respond to quality plans and findings. Work within a corporate structure, as well as within the client-level management team to ensure alignment of company and client quality standards.

Essential Job Functions

 Review and provide Quality Control feedback on loan file reviews completed by internal staff

 Review applications for completeness prior to final underwriting approval , Review at ICD, Review Checklist prior to submission to Closing, Review Needs List, Review Documentation, Cite Findings for Missing Documentation, Review Doc Expiration Dates, Cite Findings for Expired Documentation, Review Income Calculations, Cite Findings for Income Errors, Confirm loan product is in compliance with program guidelines and borrower eligibility

 Review employment documentation and re-calculate income documentation

 Reviews loan files submitted by U/W for borrowers to ensure file meets loan program requirements. Includes analysis of: loan application, credit profile/report(s), debt and assets, income/financial statements, loan values/loan-to-value ratios, appraisal reports, collateral and supporting documentation

 Review credit report and re-calculate liabilities

 Review title commitments, hazard and flood insurance

 Perform Appraisal Reviews for completeness and compliance with program guidelines

 Identify all red flags within a loan file and ensure they are addressed accordingly

 Other Ad Hoc Reviews as needed

 Follow quality control policies and procedures to ensure compliance with scopes of work

 Support the Unit(s) by providing accurate, concise, and constructive feedback details to Team Managers and responsible team members

 Must be able to fulfill the role of subject matter expert for the team and scope assigned

 Assist leadership team as needed

Requirements

 Most currently be a U/W QC and should have demonstrated excellent quality.

 Must have demonstrable, relevant skills and experience in quality control support and practices in the mortgage loan industry

 Demonstrate impeccable written and verbal communication skills

 Excellent time management skills with an emphasis on quality

 Should have knowledge in the policies, principles and practices of mortgage loan processing, and underwriting

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

 Must be able to multi task between multiple analytical projects and able to adapt to constant modification of the work flow

 Strong computer skills