Internal Auditor

We are currently seeking a Staff Internal Auditor to join our team in either our Dallas, TX or Alpharetta, GA office.

Bungalow Funding LLC is an owner and manager of Agency MSRs. It is our mission to be the most analytical, high quality, and customer focused master servicer in the industry.

Bungalow Funding was formed in 2021 and is led by a team of experienced mortgage executives who utilize best in class proprietary technology, processes and products to help ensure that we set our clients up for long‑term partnership and success.

Bungalow Funding is an affiliate of Balbec Capital, an SEC‑registered alternative investment manager with offices in the United States and Europe. Since its founding in 2010, Balbec has deployed over 29 billion USD globally through its funds and investment vehicles, seeking to deliver consistent, risk‑adjusted returns to investors and long‑term partners across asset‑based credit strategies.

The Staff Internal Auditor supports the Company’s independent internal audit function by executing risk‑based audits designed to assess compliance with GSE servicing guides and applicable federal and state regulations. This role provides assurance over the design and operating effectiveness of controls supporting master servicing activities, financial reporting, custodial functions, third‑party oversight, and regulatory compliance. Work is performed in alignment with Institute of Internal Auditors (IIA) Standards and supports management and Board/Audit Committee oversight.

The Staff Internal Auditor performs audit testing across the following GSE‑relevant domains, with scope and depth driven by the annual risk assessment:

• Compliance Management System (CMS)
• Enterprise risk management and corporate governance
• Anti‑Money Laundering (AML) controls
• Consumer privacy, GLBA, and data protection
• Licensing, bonding, and insurance compliance
• Consumer complaints and customer service oversight
• Finance, tax, accounting, and financial reporting
• Treasury and liquidity management
• Cash management, remittances, and custodial controls

• Loan onboarding and offboarding
• Payments, payoff processing, and escrow administration
• Collections and credit reporting
• Bankruptcy and foreclosure administration
• REO, property inspections, and property preservation

• Vendor, service provider, and subservicer management
• Service provider oversight and SOC report review
• Information security program and personal security controls
• Technology infrastructure and system access controls
• Business continuity and disaster recovery planning

• Human resources, payroll, and benefits administration

• Perform walkthroughs and control testing to assess design and operating effectiveness.
• Execute audit procedures aligned with GSE expectations for documentation, traceability, and evidence retention.
• Apply sampling methodologies appropriate for high‑risk servicing and financial processes.

• Test adherence to:
• Fannie Mae, Freddie Mac, and GNMA servicing guides
• CFPB regulations (Reg X, Reg Z, UDAAP)
• State mortgage servicing and licensing requirements
• Assist in preparing the organization for GSE and regulatory examinations.

• Prepare complete, accurate, and defensible audit work papers suitable for GSE and regulatory review.
• Draft audit findings using a clear condition‑criteria‑cause‑risk‑recommendation framework.
• Support audit reporting to management and senior leadership.

• Track audit findings and management action plans.
• Perform validation testing to confirm timely and effective remediation.

• Assist in reviews of subservicers, custodians, trustees, and critical vendors.
• Evaluate SOC reports and test complementary user entity controls required by GSEs.
• Contribute to annual risk assessments and audit planning.
• Support advisory reviews for new systems, process changes, or regulatory developments impacting master servicing.

• Bachelor’s degree in Accounting, Finance, Business…