Mortgage QC Underwriter

Position Overview

Perform quality control reviews of mortgage loan files for adherence to specific lender guidelines with an emphasis on pre- and post-closing audits and compliance. Reviews include identifying potential fraud or misrepresentation, processing/underwriting deficiencies, compliance violations, and/or applicable scope-specific opportunities.

• Review and provide quality control feedback on loan file reviews completed by internal staff
• Pre‑closing reviews: confirm loan product complies with program guidelines and borrower eligibility
• Review employment documentation and recalculate income documentation
• Recalculate asset and reserve documentation
• Recalculate liabilities from credit reports
• Review title commitments, hazard and flood insurance
• Analyze borrower’s mortgage applications and related documents
• Analyze real estate purchase contracts, if applicable
• Perform appraisal reviews for completeness, health and safety issues, and external obsolescence
• Identify all red flags within a loan file and ensure they are addressed accordingly
• Determine proper designation for title, title services, and all other shop‑able fees
• Compare fee payee names listed on the final settlement statement to invoices or other documents in the file to validate accuracy
• Validate the accuracy of specific closing instructions (fees and amounts, loan terms, principal and interest, escrow information)
• Post‑closing reviews: review final closing documents to ensure adherence with applicable law
• Validate compliance with state‑specific non‑borrowing spouse signing requirements
• For NORTC eligible loans, verify compliance with Notice of Right to Cancel requirements of RESPA
• Confirm all documents and pre‑funding conditions pertaining to title, trusts, and POAs have been satisfied

• ECOA – Reg B
• Fair Credit
• Flood
• HMDA – Reg C
• RESPA – Reg X
• TILA – Reg Z

• 3+ years of underwriting/QC experience
• Minimum two years of underwriting experience to FNMA and/or FHLMC guidelines and FHA and/or VA guidelines
• Demonstrable, relevant skills and experience in quality control support and practices in the mortgage loan industry (origination and post‑closing)
• Impeccable written and verbal communication skills
• Excellent time‑management skills with an emphasis on quality
• Knowledge and understanding of transaction components that indicate potential for fraud and critical compliance violations
• Knowledge of the policies, principles, and practices of mortgage loan processing, underwriting, and closing
• Self‑motivated, creative, and able to work in a team environment while thinking independently and sharing knowledge and ideas
• Ability to multitask between multiple analytical projects and adapt to constant modification of the workflow
• Strong computer skills

Could be in person or remote.