Mortgage UnderWriter / Quality Control Analyst - (Remote & Onsite 2 Days a week) - LOCALS ONLY

THIS IS A DIRECT CLIENT REQUIREMENT !

Those authorized to work without sponsorship are encouraged to apply please.

Reach Saakshi Sahni -- || 703-CALL-955-NOW-1070

Mortgage Underwriter

Duration: LONG TERM ONGOING WITH NO END DATE

$$ BEST RATES AVAIALBLE $$

Direct Banking Client

Hybrid schedule in Vienna office (2 day a week in the office // 3 days remote)

Specifically, we will be most interested in candidates that have significant Mortgage Underwriting experience.

This is what you focus on:

• Effective comprehension and application of knowledge and experience of the mortgage industry
• Effective comprehension and application of knowledge of underwriting credit union, and/or lending principles, systems, policies, and techniques
• Effective comprehension and application of knowledge of FNMA, FHLMC, GNMA and relevant mortgage investor guidelines
• Effective comprehension and application of knowledge of FCRA, HMDA, FACTA, TILA, RESPA, CARES ACT, SCRA, ECOA, ESIGN, FDPA, HPML, TRID, UDAAP, FDCPA and any applicable recertification
• Experience identifying relevant analytical problems, determining appropriate diagnostic methods, and solving unique and complex issues/problems

To review, analyze, and report on risk, quality, service, and controls, to improve operational efficiency and effectiveness, mitigate risk and remediate operational and regulatory vulnerabilities. Conduct quality control reviews of overall loan documentation (application, appraisal, title, credit, loan to value, legal), processes and system to ensure compliance with Investors, federal and state regulatory requirements, industry standards, and Navy Federal operating procedures. Perform in depth and comprehensive gap analyses to determine the root cause of process gaps, investor noncompliance and regulatory compliance failures. Maintain data in the quality control system platform to ensure adherence with regulatory government agencies requirements. Monitor corrective action target dates to ensure prompt remediation and control implementation to comply with regulatory government agencies requirements. Maintain and update quality control procedural manuals, job aides, and tools. Level II: Moderately complex/varied review and analysis with moderately complex scope and impact. Mentor/train level I's and participate in projects. Primary focus is recurring quality control audits as well as ad hoc reviews and internal audit preparation.

Responsibilities:

Evaluate underwriting decisions, process adherence, servicing standards, and regulatory requirements of mortgage loan files for compliance with applicable state and federal laws, investor guidelines, guarantor requirements and adherence to specific lender guidelines with an emphasis on buy-back possibilities

Evaluate and monitor quality of mortgage collateral, documentation for completeness/errors/ omissions and credit quality according to agency and internal guidelines to identify any defects and to limit the risk exposure to Navy Federal's mortgage portfolio

Perform and validate in-depth and comprehensive gap analyses to determine the root cause of process gaps and regulatory compliance failures

Review/audit loan documentation, files, and or online transactions individually or in aggregate to determine if processes and documentation are in compliance with internal company requirements, insurer guidelines, investor requirements, and/or government regulations

Develop solutions for risks and/or problems identified; maintain effective communication with business partners and support teams to identify target remediation dates; assist with implementation of corrective actions

Optimize the performance of real estate lending operations by analyzing current and anticipating future performance

Ensure loan quality through data integrity and risk management

Stay abreast of applicable changes in the mortgage industry, as well as, changing or newly issued investors' servicing guidelines/requirements, federal, state and industry laws and regulations to understand any impacts and/or changes to processes and tasks as directed by management

Research escalated issues as needed and determine or collaborate with team on resolution recommendations or actions

Maintain effective communication with other business partners and support teams to remediate errors and assist with implementation of corrective actions related to non-compliance with policies and procedures

Participate in interdepartmental initiatives/remediation planning in collaboration with business partners while focusing on business risk and impact

Monitor industry and regulatory related news and developments, analyze the impact of changes to federal and state regulations and makes recommendations for changes to policies, procedures, and practices to ensure compliance

Assist in ensuring a compliant Quality Control Program

Adept at recognizing material deficiencies, red flag/ potential misrepresentation and providing feedback through appropriate channels of reporting

Maintain clear and organized documentation in relation to overall transaction quality and noted deficiencies identified

Serve as liaison with Internal Audit and Regulatory Compliance to ensure adherence with Enterprise and Compliance Risk Management requirements

Support mentoring Analysts I and may assist with development of knowledge, skills, and analytical techniques to solve operational issues and support strategic initiatives

Perform other duties as assigned

Qualifications

Agile and flexible to changes whether driven by mortgage industry, investors, company, or department initiatives/mandates

Effective comprehension and application of knowledge and experience of the mortgage industry

Effective comprehension and application of knowledge of underwriting credit union, and/or lending principles, systems, policies, and techniques

Effective comprehension and application of knowledge of FNMA, FHLMC, GNMA and relevant mortgage investor guidelines

Effective comprehension and application of knowledge of FCRA, HMDA, FACTA, TILA, RESPA, CARES ACT, SCRA, ECOA, ESIGN, FDPA, HPML, TRID, UDAAP, FDCPA and any applicable recertification's

Experience identifying relevant analytical problems, determining appropriate diagnostic methods, and solving unique and complex issues/problems

Organizational, planning and time management with significant experience in managing multiple priorities independently and/or in a team environment to achieve goals

Experience managing multiple priorities independently and/or in a team environment to achieve goals

Desired- Knowledge of operational and regulatory risk controls, concepts, and practices

Desired- Advanced knowledge of GSEs (GNMA, FNMA, FHLMC) guides, Federally Guaranteed Mortgage programs (FHA, VA), state and Federal laws; industry regulations, principles, and practices; and company policies that govern the business unit's products/services

Desired- Experience with Black Knight's Mortgage Servicing Platform (MSP), Mortgage Loan Origination System Empower, ACES Quality Control Software

Desired- Advanced knowledge of functions, philosophy, operations, products, services, systems, policies, procedures, and organizational objectives

Effective customer service focus and relationship management skills

Advanced skill using innovative thinking to solve problems and facilitate the decision-making process

Proficient in the skills and application of various analytical techniques to solve operational issues and support strategic initiatives

Effective skill in gathering, analyzing and synthesizing data for presentation and reports

Advanced skill presenting findings, conclusions, alternatives, and information clearly and concisely while working with and communicating with all with all levels of employees and management within and outside the organization

Advanced skill maintaining accuracy with attention to detail and meeting deadlines

Advanced word processing, presentation software and spreadsheet skills

Advanced research, analytical, and problem-solving skills

Bachelor's Degree in Business Administration, Auditing, or related field or equivalent combination of training, education, and experience

Thanks,

Saakshi Sahni

Zillion Technologies Inc.

Director - Talent Acquisition

Reach Saakshi Sahni -- || 703-CALL-955-NOW-1070

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