Mortgage Risk Quality Control Specialist

Business Unit Quality Control Specialist provides quality control oversight and supports sampling specific decisioning to ensure a business group’s adherence to internal procedures and regulatory guidelines. The role ensures compliance with internal procedures, regulatory guidelines, and laws.

• Performs a review of specific business activities to ensure policies and procedures were followed and documents were appropriate and executed properly
• Reviews assigned samples and determines if associates followed the departmental procedures, Regions’ policies and Federal and State regulations
• Applies knowledge of the Business Unit’s system of record for completeness and accuracy
• Completes reviews ensuring applicable compliance oversight is documented in the system
• Enters final decision along with supporting information into the Quality Control System communicating results to internal business groups for feedback
• Assists in problem solving, researching and formulating responses to the business group due to errors for regulatory ineffectiveness
• Ensures compliance to department, agency, bank and federal guidelines and procedures to mitigate risk
• Works under limited direction and/or supervision

This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.

• High School Diploma or GED
• Seven (7) years of quality control, quality assurance, compliance, audit, banking, underwriting or related experience

• Previous quality control experience

• Ability to learn regulations impacting a specific line of business
• Ability to multi-task and set priorities
• Ability to research, review information, and summarize facts
• Ability to work under pressure and meet deadlines
  
  Advanced in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
• Advanced knowledge of areas of support
• Detail oriented
• Knowledgeable of all applicable regulations, agency guidelines and laws governing the business groups supported
• Knowledgeable of bank systems and tools to perform reviews in quality control
• Proficient verbal, written communication, and organizational skills

• Execute series of Consumer Real Estate Origination/Fulfillment quality control audits, on a sample basis, to ensure effectiveness of processes / transactions are being conducted as intended and in alignment with operational and compliance risks
• Cite exceptions, as needed, and perform trend analysis on key exceptions to ensure recurring issues are identified and escalated
• Ensure compliance with investor quality control requirements
• Monitor HMDA Data Quality and support quarterly filings to include data cleanup and system change requests as needed
• Preferred skills in Real Estate Underwriting product requirements

This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Minimum: $50,500.00 USD

50th Percentile: $63,650.00 USD

This job is not incentive eligible.

Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans