Loan Origination QC Auditor
Full-Time Loan Origination QC Auditor at TENA Companies
Available Openings: 3
Industry: Administration
Pay Type: Hourly
Compensation: $22.00 - $27.00 Hourly
Education Preferred: Yes
Education Level: Bachelor's Degree
E-Verify: Yes

Position Overview and Purpose:

Working under the direct supervision of a Loan Origination QC Audit or Pre-Funding Supervisor, this position is responsible for providing accurate and timely audit services for a variety of clients. This consists of auditing various loan types including, but not limited to FHA, VA, USDA, FNMA, FHLMC, FHLB, conventional, construction, consumer, land, HELOC, cancel/rejected, early payment default, pre-funding, and reverse mortgage transactions. After completing an initial training period, each auditor is expected to meet or exceed quality and quantity standards established by TENA management.

Responsibilities

Duties and Responsibilities:

  • Maintain a current overall understanding of applicable federal and state laws, regulations, and investor requirements related to mortgage quality control and general mortgage principles and practices. 
  • Enter information into Second Look® and bookmark information within the imaged file that is pertinent to the reverification and audit functions. 
  • Identify and set up all applicable documents within a mortgage file to be reverified with third parties. 
  • When applicable in pre-funding, perform verbal employment verifications. 
  • Review all documentation contained within a mortgage file to ensure compliance with applicable federal, state and agency guidelines. 
  • Identify areas of possible misrepresentation and report suspected “red flags” to their immediate Supervisor for further investigation and/or reverification.
  •  Verify that all applicable requirements of the client have been met. 
  • Complete various recalculations and calculators as required for specific files. 
  • Order and examine review credit reports, as required. 
  • Review automated underwriting reports to ensure data input was accurate and that required documentation was obtained.
  •  Using proper language and grammar in English, clearly describe in writing the relevant circumstances found within the loan file. 
  • Maintain a quantity and quality of output that meets or exceeds the established standards of TENA management.
  • Attend and participate in meetings and training sessions as needed. 
  • Pre-Audit as scheduled. Other duties as assigned.

Qualifications

Qualifications:

Preferred: A four-year, business-related degree from an accredited college or university or

              equivalent experience in processing, originating, or underwriting of mortgage loans.

Acceptable: A four-year, non-business-related degree or equivalent experience in processing,

                  originating or underwriting mortgage loans.

Skills and Abilities Necessary to Succeed:

  • A basic understanding of, and interest in, real estate finance and auditing. 
  • A willingness, interest and capacity to learn about the mortgage industry and quality control initially and on a continuing basis. 
  • A basic understanding of and abilities related to the usage of technology such as Word, Excel, PowerPoint, Outlook, Second Look®, and similar programs.
  •  Ability to quickly learn new programs and technologies. 
  • Ability to understand and present complex subject matter in understandable terms, both in writing and verbally. Self-motivation, with a proven ability to multi-task and work independently, as well as part of a team. 
  • Ability to establish and maintain cooperative and effective working relationships with others. 
  • Ability to prioritize and complete assigned tasks. Ability to read and comprehend instructions, correspondence and memos written in English.
  • Ability to effectively present information in one-on-one and small group situations.
  • Ability to perform basic math such as add, subtract, multiply, and divide in all units of measure, use whole numbers, common fractions, and decimals. 
  • Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations. 
  • Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form.
  • Ability to deal with problems involving concrete variables in standardized situations.

Physical Requirements:

  • Constantly operates a computer and other office productivity machinery, such as a keyboard, mouse, calculator, copy machine, and computer printer. 
  • Must be able to remain in a stationary position 90% of the time. 
  • Must have the ability to commute to and work in a physical office when required.
  • Must be able to recognize and assess electronic loan documents and answer questions based on information obtained during the assessment. 
  • Must be able to converse with supervisor when there is a question or concern on the audit being performed.
  •  Occasionally must be able to move material such as computer paper bundles and other items weighting up to 10 pounds. 
  • The noise level in the work environment is usually quiet to moderate.

TENA Companies

Contact: Nina Romero-Salas
Phone 651-379-6272
251 W Lafayette Frontage Rd
Saint Paul, Ramsey, Minnesota 55107
US
Transit: On bus line