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Loan Quality Assurance Manager

Company: The Judge Group
Location: Salem
Posted on: January 12, 2021

Job Description:

Location: Salem, MASalary: CompetitiveDescription: The Judge Group is seeking a Loan Quality Assurance Manager to manage a team of Quality Control Analysts and Loan Quality Assurance Underwriters.This job will have the following responsibilities: * Manage a team of Senior Loan Quality Analysts responsible for post-funding loan quality control and preparation of quarterly HMDA reports* Complete and Ensure Pre-funding and post funding loan Quality Control Reviews and rebuttals are completed within the required time frames.* Ensure Senior Quality Control Analysts are meeting productivity, turn time and quality standards.* Remediate, monitor and respond to all repurchase and investor inquiries* Create and maintain a standardized flow and documented processes of loan quality control* Provide visibility to everyone that this process is followed. Employees know what steps to take when this standardized flow is interrupted to ensure it is addressed timely.* Identify, develop and maintain post and pre-funding quality control underwriting policies & procedures consistent with the standardized flow of quality control work compliant with Investor, state, federal or SFMC guidelines.* Manage the LQA Underwriter's review and re-underwriting of a designated random sample of mortgage loans pre-funding to ensure compliance and adherence to bank, investor guidelines and compliance with Federal and State regulations* Develop, implement, and monitor remediation plans and corrective action as needed.* Prepare and distribute quarterly reports regarding post and prefunding audits to Senior Management with trending information and recommendations for action plans and training as needed.* Prepare and distribute quarterly underwriting metrics reports to Operations Management and individual underwriters.* Manage HUD's Neighborhood Watch loan pipeline (defaulted FHA loans)* Review and prepare loan files selected monthly by Fannie Mae and Freddie Mac (GSEs). Notify underwriter and operations manager of missing documentation or underwriting errors, remediate prior to delivering file to GSE.* Provide periodic reporting on GSE audit results to underwriters and Operations Management. * Work with Compliance to address quality and credit performance issues found in loan file reviews.* Research and review loan files for Compliance Department in response to matched pair analysis on a bi-annual basis for Fair Lending compliance review.* Respond to results of quarterly audits by Compliance Department* Respond to information requests from Internal Audit, FDIC, State Divisions of Banks, Wolf and Company and any other internal department or regulator for periodical audits.* Organize and manage periodic audits by HUD, Fannie Mae, Freddie Mac, and investors as required.* Provide review and feedback on underwriting issues as requested by Executive Management, Default Management, Loan Servicing, Compliance.* Participate in quarterly review of the mortgage loan portfolio with Executive Management. * Perform annual review of outsourced vendors for LQA services and other related vendor relationships* Work closely with a variety of lending related professionals (Loan Officers, Borrowers and Mortgage Operations team) to ensure that all phases of lending procedures are completed in accordance with service standards and adherence with pertinent regulations, established lending policies as well as procedures.* Work in conjunction with peer operational management team to enforce management and monitoring of workflow for Underwriters.* Provide second signature approvals/declinations on loans.Qualifications & Requirements:* Bachelor's degree * Minimum of ten years underwriting and compliance experience. * Minimum of two years supervisory experience or equivalent combination of education and experience. * Strong knowledge of the laws regulating mortgage banking (TILA, ECOA, RESPA, FACTA) and regulatory agency technical knowledge required. * Strong knowledge of Fannie Mae, Freddie Mac, FHA & VA guidelines, policies and procedures. * Prior audit or compliance experience is preferred.* Intermediate to advanced level of computer skills including Microsoft Word and Excel and mortgage loan processing software familiarity required.Contact: amassad@judge.comThis job and many more are available through The Judge Group. Find us on the web at www.judge.com

Keywords: The Judge Group, Salem , Loan Quality Assurance Manager, Executive , Salem, Massachusetts

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