Post Quality Control Auditor
New American Funding · United States
- Hybrid
- Full-time
- $83,200 / year
- United States
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Job highlights
- Audit closed loans for quality and fraud.
- Analyze loan-level risk and identify defects.
- Review compliance with investor guidelines.
- Requires strong underwriting and fraud detection skills.
- Remote work option available with hybrid requirements.
About the role
Position Overview
Position: Post Quality Control Auditor
Location: Remote OK - Hybrid schedule required if living within 31 miles of Santa Ana, CA or Austin, TX.
Salary: Up to $40/hr D.O.E.
Position Summary
The Post Quality Control Auditor is responsible for in-depth file reviews of assigned post-closing quality control audits. This role requires extensive experience in detecting and preventing loan fraud, with strong knowledge of conventional and government loan underwriting guidelines. Working in a paperless environment and LOS, the Auditor will perform loan-level risk analysis and collaborate with other operational departments.
Responsibilities
- Conduct quality control audits of closed loans, focusing on delinquent loans, oversight audits of post-QC vendor work, and other closed loan file audits to maintain daily productivity levels.
- Perform in-depth reviews and analysis of assigned mortgage loans.
- Conduct risk analysis, identify loan-level defects, and escalate findings to management.
- Document audit results with risk ratings, standardized defect categories, and determine if findings relate to underwriting, compliance, or quality control.
- Detect and prevent fraud, recognizing potential red flags.
- Review reverifications as required by investors, agencies, and the NAF QC Plan, identifying any discrepancies.
- Ensure all loans are underwritten in accordance with Investor and agency guidelines (FNMA, FHLMC, HUD, VA, USDA, Jumbo).
- Maintain up-to-date knowledge of underwriting guidelines, AUS (DU, LP and Manual) requirements, NAF overlays, and NAF policies and procedures.
- Perform data integrity reviews.
- Engage in continuous education through webinars and other training.
- Assist management with Post QC vendor findings and resolutions.
Qualifications
- Strong ability to detect possible misrepresentation and/or fraud.
- Previous underwriting experience and/or Quality Control review/audit experience of mortgage loans.
- Working knowledge of investor guidelines such as FNMA, FHLMC, FHA, VA, USDA, Jumbo, and Reverse.
- Ability to analyze risk related to investment quality loans, with critical thinking and concise write-ups.
- Extensive knowledge of DU, LP, and manually underwritten loans.
- Ability to review audit documentation, perform analysis, validate and document potential risk, and recommend appropriate corrective actions.
- Excellent written and oral communication skills, with the ability to clearly and concisely rate and categorize risk.
Desired Education/Experience
- 5 or more years of underwriting, credit, and/or QC experience.
- DE and/or VA underwriting designations preferred but not required.
Other Duties
This job may require frequent sitting or standing for long periods. This job profile is not intended to be all-inclusive; employees may perform additional duties as assigned.
Work Authorization
Must be able to verify identity and employment eligibility to work in the U.S.
Physical Demands
Physical demands are representative of those required to perform essential functions. Reasonable accommodations may be made for individuals with disabilities. Must be able to lift up to ten pounds. Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate weight; to operate office equipment requiring repetitive hand movement and fine coordination (keyboard); and to verbally communicate. VISION: Normal visual range with or without correction. HEARING: Normal audio range with or without correction.
Key skills/competency
- Quality Control Audits
- Loan Fraud Detection
- Underwriting Guidelines
- Risk Analysis
- Mortgage Loan Review
- Investor Guidelines
- Compliance
- Data Integrity
- FNMA/FHLMC/FHA/VA/USDA
- Communication Skills
Skills & topics
- Post Quality Control Auditor
- Mortgage Auditor
- Loan Auditor
- Quality Control
- Underwriting
- Fraud Detection
- Risk Analysis
- Mortgage Fraud
- FNMA
- FHLMC
How to get hired
- Tailor your resume: Highlight your 5+ years of underwriting, credit, or QC experience and mention specific investor guidelines (FNMA, FHLMC, FHA, VA, USDA).
- Showcase fraud detection skills: Emphasize your ability to identify misrepresentation, fraud, and red flags in your application and interview.
- Demonstrate guideline knowledge: Be prepared to discuss your understanding of DU, LP, manual underwriting, and specific agency requirements.
- Prepare for case studies: Anticipate questions requiring you to analyze loan scenarios, identify risks, and propose corrective actions.
- Highlight communication skills: Be ready to articulate your findings clearly and concisely, both in writing and verbally.
Technical preparation
Master FNMA, FHLMC, FHA, VA, USDA guidelines.,Deepen knowledge of DU, LP, and manual underwriting.,Practice identifying loan fraud red flags.,Familiarize yourself with LOS and paperless environments.
Behavioral questions
Describe a complex loan defect you identified.,How do you handle pressure and meet deadlines?,Explain your approach to identifying potential fraud.,How do you communicate findings to management?
Frequently asked questions
- What is the salary range for a Post Quality Control Auditor at New American Funding?
- The Post Quality Control Auditor position at New American Funding offers a competitive salary of up to $40 per hour, depending on experience (D.O.E.).
- Is the Post Quality Control Auditor role remote or on-site at New American Funding?
- This role is primarily remote. However, if you reside within 31 miles of Santa Ana, CA, or Austin, TX, you will be expected to work a hybrid schedule, balancing remote and in-office duties.
- What are the primary responsibilities of a Post Quality Control Auditor?
- The primary responsibilities include conducting in-depth audits of closed loan files, analyzing loan-level risk, detecting potential fraud, and ensuring compliance with investor and agency guidelines.
- What specific mortgage investor guidelines must a Post Quality Control Auditor be familiar with?
- A Post Quality Control Auditor should be familiar with guidelines from investors and agencies such as FNMA, FHLMC, FHA, VA, USDA, and Jumbo loans. Knowledge of reverse mortgages is also beneficial.
- What kind of experience is required for the Post Quality Control Auditor position?
- The position requires at least 5 years of underwriting, credit, and/or QC experience. A strong ability to detect misrepresentation and fraud, along with familiarity with AUS systems (DU, LP), is crucial.
- Are DE or VA underwriting designations required for this role?
- DE and/or VA underwriting designations are preferred but not required for the Post Quality Control Auditor position at New American Funding. Experience and strong guideline knowledge are prioritized.
- How does New American Funding ensure a Post Quality Control Auditor can perform their job effectively in a remote setting?
- New American Funding supports remote work by providing a paperless environment and utilizing LOS (Loan Origination System). This allows auditors to conduct reviews and risk analysis effectively regardless of physical location.
- What is the company culture like at New American Funding for this role?
- While not explicitly detailed for this role, New American Funding is committed to a drug-free workplace and equal opportunity employment. The role involves collaboration with operational departments and continuous education.