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QC Underwriter Analyst in Lake Zurich, IL at Dovenmuehle

Date Posted: 5/24/2018

Job Snapshot

Job Description


The QC Underwriter Analyst is responsible for auditing the Loss Mitigation Specialists (Underwriters) during the applicable workout review period to ensure the homeowner/mortgagor is being evaluated accurately and timely.

Responsibilities include, but are not limited to, the following:

  • Manage individual audit pipeline of loans and maintain timely and compliant processes to the standards set forth by compliance or regulators.
  • Audit borrower application packages to ensure the Specialist is accurate when evaluating the financial circumstances of the homeowner/mortgagor, capacity, and ability to pay.
  • Ensure the Specialist accurately reconciles sources of income, tax returns, balance sheet/statements, and credit bureau reports. Will validate the property valuations and /or appraisals used provides enough detail to determine the beneficiary's equity position and confirm adequate collateral of the security instrument during the time of review.
  • Ensure terms of the various workout alternatives with mortgagors, real estate brokers,attorney, MI companies, government agencies and clients are negotiated properly.
  • Assist team within the Loss Mitigation Department to perform all other duties and responsibilities as assigned.

Job Requirements

Job requirements:

  • Bachelor's degree or equivalent preferred.
  • 3+ years Mortgage Underwriting experience.
  • 1+ year internal audit or quality control/assurance experience.
  • Familiar with different agencies requirements and waterfall guidelines for various loan types (FNMA, GNMA, FHA . . .)
  • Understands mortgage documentation and the loss mitigation process, bankruptcy and foreclosure.
  • Advanced written communication and interpersonal skills.
  • Ability to handle volume driven environment and multi-task effectively.
  • Highly analytical with effective organization and time management abilities.