Quality Assurance Underwriter

Want to be a part of a dynamic company and team? We are Looking for Candidates who are sharp, hungry and want to grow to the next level with us! Amerifirst Financial is Looking for you!

** Pay Commensurate with Experience**

Executive Summary of Position:

The Quality Assurance Underwriter is responsible for performing pre-funding audits to determine whether approved loans have been underwritten in compliance with AmeriFirsts underwriting, investor, government and FNMA/FHLMC/GNMA guidelines. The QA Underwriter is responsible for communicating deficiencies to the Underwriting/ Processing Department and confirming corrective action.

Essential Duties:

• Review/analyze loan files that have been approved by Underwriting to ensure the file meets loan program requirements. Includes individual analysis of: Loan application, Credit profile/report(s), Debt and assets, Income/financial statements, Loan values/loan-to-value ratios, Appraisal reports, and Collateral and supporting documentation.
• Identify loan deficiencies and calculate the risk grade on each (Pass, Caution, Fail).
• Communicate deficiencies to the Underwriting/Processing Group and confirm that corrective action has been taken.
• Revisit loans to review and clear deficiencies.
• Escalate files with suspected fraud to the Quality Control Manager.
• Identify quality trends and work with Management to recommend and drive corrective action.
• Performing in-house targeted audits

Other Duties:

• Handle multiple tasks simultaneously.
• Lead by example in proactive team efforts to achieve departmental and company goals.
• Promote and participate in a positive teamwork environment through example and sharing of knowledge and skill.
• Comply with all safety policies, practices and procedures.
• Report any potential or actual violations of such policies, practices and procedures to Supervisor.
• Perform other duties as assigned by upper management.

Education, Knowledge, Skills, Abilities and Experience:

• High School Diploma or equivalent
• Minimum 3 years of residential mortgage underwriting experience
• Experience working with DU,LP and GUS
• Knowledge of FHA, VA, USDA, FNMA and FHLMC policies and guidelines
• Knowledge of mortgage loan processing, compliance, investor products and underwriting guidelines
• Knowledge of mortgage insurance (MI) guidelines
• Working knowledge of various fraud tools
• Appraisal review skills/experience
• DE certification and Chums preferred
• VA LAAP/SAR preferred

Disclosure:

This job description is not intended to be an all-inclusive representation of all possible duties, responsibilities and/or qualifications. Other duties, responsibilities and/or qualifications may be assigned to this position as the need arises and/or management requires. Understands, accepts and recognizes requirements relating to compliance issues and attends training as is appropriate and relative to their position. Including, but not limited to: The Bank Secrecy Act: Anti-Money Laundering, USA Patriot Act.

The above information on this description has been designed to indicate the general nature and level of work performed by an employee in this classification. It is not to be interpreted as a comprehensive inventory, or all duties, responsibilities, and qualifications of employees assigned to this job. Management has the right to add to, revise, or delete information in this description. Reasonable accommodations will be made to enable qualified individuals with disabilities to perform the essential functions of this position.