Quality Control Auditor

Company: V.I.P. Mortgage Inc.
Location: Scottsdale
Posted on: March 27, 2020

Job Description:

The auditor's primary responsibility is to perform independent reviews of loan files prior. An extensive review of documents and data input into the loan origination system for accuracy and compliance with lending policies and lending regulations is completed. The auditor will ensure the quality and uniformity of data, adherence to published guidelines and accuracy of the underwriting analysis, as well as identify training and/or process improvement opportunities.A high level of integrity and independence from production staff must be maintained, in order to achieve objectivity in audit conclusions and recommendations. Under the supervision of the Quality Control manager, the auditor will be responsible for performing either a full or targeted audit of at least 10% of the loans funded each month.Essential Job Functions:

• Assume responsibility for auditing loans for accuracy, compliance, and regulations on a daily basis.
• Communicate with other departments (processing, underwriting, closing, etc.) in order to reach a resolution on findings detected during the audit.
• Creates an Executive Summary report highlighting the areas of risk and deficiencies as well as defect rates for the month. This report is used to keep management informed of department activities and alerts them of any significant problems or concerns or trending issues.
• Reviews data input in the LOS for accuracy
• Audit individual loans for adherence to lending guidelines, policies, procedures and documentation standards; including confirming accuracy and compliance with lending policies: TILA RESPA Integrated Disclosure (TRID), Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), Appraisal Independence Requirements (AIR), Equal Credit Opportunities Act (ECOA), Home Mortgage Disclosure Act (HMDA), Anti-Money Laundering (AML), Bank Secrecy Act (BSA) and other regulatory requirements.
• Validates loan information and identify gaps in the process to include controls and checks that test the accuracy of the loan data to ensure the information obtained is correct.
• Plans and ensures the completion of all regulatory loan audit requirements, including quality assurance requirements as assigned by Fannie Mae (FNMA), Freddie Mac (FHLMC), Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA). To fulfill this requirement the auditor will keep current on all relevant key regulatory and legal requirements.
• Maintains a thorough understanding of lending systems, including underwriting, processing, and workflow tracking programs.
• Assumes responsibility for establishing and maintaining effective communication with the personnel and with management for audit findings that identify fraud, salability issues, or file incompleteness. Any substantial findings must be reported to the Compliance Manager for evaluation. All findings whether minor or significant will also be reported on a monthly summary report which will be distributed to department managers.Qualifications, Knowledge, and Skills:
  Detail-oriented with strong organizational skillsDemonstrate strong decision making, analysis and communication skillsDemonstrate strong writing skillsProficient with Microsoft Office Word, Excel and OutlookKnowledge of Ellie Mae's Encompass System a plusEducation & Experience:

  Bachelor's Degree or3 years of mortgage lending or related regulatory experienceLoan Processor experience a plus

Keywords: V.I.P. Mortgage Inc., Scottsdale , Quality Control Auditor, Accounting, Auditing , Scottsdale, Arizona