Quality Control Team Lead

Description

Legacy Mutual Mortgage is an outstanding full service residential mortgage lender originating, underwriting and closing conventional, jumbo, FHA, VA and USDA mortgage loans. In business since 2005, we are dedicated to meeting the home loan needs of individual homebuyers while working with our real estate partners in Texas. Our team members are the key to Legacy’s success, and we are looking for highly motivated, qualified individuals to join our talented team.

Minimum 5 years’ experience in Mortgage Underwriting with extensive experience dealing with (FNMA/FHLMC/FHA/VA/USDA).

• Knowledge of underwriting guidelines for FNMA/FHLMC/FHA/VA/USDA and can effectively research various guidelines using All Regs or other data repositories. 
• Knowledge of consumer lending regulations such as TILA, RESPA, ECOA, HMDA, AND FCRA.
• Ability to work well within a team-oriented environment while collaborating with others inside and outside of the Quality Control function.
• Proficiency with Microsoft Office products, mortgage loan origination system Encompass and excellent written and oral communication skills.
• Ability to manage deadlines and prioritize effectively in fast-paced work environment.
• Required: High School Diploma
• Preferred: College Degree 

Requirements

• Assign and direct daily work flow within the team.
• Make decisions on issues and challenges regarding volume fluctuations, staffing issues, and unexpected processing or systems delays.
• Work with Compliance Manager to develop, document and implement procedures and controls to ensure compliance of local, state, and federal regulations and laws within the QC team.
• Pre-closing and post-closing testing for loan quality including recommendations for corrective action (as necessary) of the underwriting decisions and supporting data for residential mortgage files.
• Reporting to QC Committee red flags indicating possible fraud or misrepresentation. 
• Independently reviews files for compliance with FHA/VA, Conventional, agency, investor, and the company’s policy and federal regulations. Reports results to management for analysis, trending, and possible corrective actions. 
• Reviews/analyzes files to ensure compliance with Conventional, FHA/VA loans.
• Review of loans in default or for which repurchase is requested.

SUPERVISORY RESPONSIBILITIES:

• Work directly with the Compliance Manager to achieve department goals.
• Work directly with the Compliance Manager on coordination of third party regulatory and investor exams and requests for information.
• Manage and provide guidance, leadership and coaching to staff within the QC team.