Quality Control Analyst (Wholesale)
Overview:This position will be responsible for performing quality control reviews for 1st mortgage loan applications. Confirm compliance with guidelines and all regulatory requirements. This position will be considered to be a leader within the department and will help Management achieve all goals and objectives by providing guidance, training and assistance to the First Mortgage Fulfillment team. S3 has a commitment to excellence and the highest standards of member service. Our values and beliefs are critical to the success and growth of the business and they were all created with a unique cultural foundation. The Quality Control Analyst is a mid-level position. Responsibilities:- Review underwritten conventional and non-conforming loans to ensure compliance with state and federal regulations, as well as underwriting guidelines for FNMA, FHLMC, MI companies and other Investors- Provides training, coaching and guidance to 1st Mortgage Fulfillment staff as needed- Perform a careful in depth examination of the appraisal report and collateral for the loan to determine acceptability of the collateral.- Additional job-related projects as assigned by management - Work in collaboration and partnership with other team membersQualifications:- High school diploma or GED required and a minimum 5 years of experience underwriting for both conforming and non-confirming loan products utilizing DU and LP automated underwriting experience with demonstrated working knowledge of FNMA, FHLMC, and industry guidelines and best practices or equivalent combination of education and work experience- Associatea€ (TM) s degree with a concentration in business or finance preferred- Strong knowledge of State and Federal laws pertaining to the mortgage banking industry (ie RESPA, TILA, ECOA, etc.) - Strong working knowledge of CO-OP and Condo guidelines and eligibility- Proficiency in MS Office (Word, Excel, PowerPoint, Outlook) - Ability to analyze and evaluate the most complex and comprehensive tax returns and asset statements, especially for self-employed persons- Strong communication skills, both verbal and written, are necessary - Excellent customer service skills with a high attention to detail - Prioritize workload based on department requirements and customer needs - Strong analytical skills required with a high degree of accuracy - Ability to work flexible hours as needed - Ability to multi-task in other areas of the unit - Aptitude to work independently as well as part of a team - Positive attitude and team-oriented - Ability to function in changing environment.