Shire Jobs

Job Function/Purpose The Quality Control Analyst is responsible for ensuring that a random and discretionary sampling of all approved pre-funding and closed mortgage, and consumer loans received by Dollar Bank, contain the proper loan support documentation prescribed by the Investor's guidelines and procedures. The purpose is to assess loan quality, eligibility, and confirm the underwriting decision is well justified and documented. The file review must include an assessment of compliance with Investor requirements and with all federal and state laws and regulations. Verify the existence and accuracy of legal and credit documents and ensure that the mortgages conform to corporate policies and procedures, are generally acceptable to institutional lenders, and comply with insurer/ guarantor requirements. Qualifications * High School diploma or GED required; bachelor degree in a related field or commensurate experience is preferred * Requires a minimum of 3 years experience in the areas of QC Auditing, Underwriting, or Loan Processing with a working knowledge of lending and eligibility requirements, secondary marketing exceptions, and investor guidelines for acceptable documentation * Experience preferred in QC Auditing, Underwriting, or Loan Processing of real-estate secured consumer loans * Requires a minimum of 3 years experience in regulatory compliance relative to satisfying state, federal and investor compliance requirements * Prefer any hands-on knowledge relative to an automated QC review and reporting system * Must have excellent mathematical and analytical skills * Must be able to manage time efficiently, prioritize tasks, and meet deadlines * Must have excellent written, and verbal communication skills * Must have strong propensity for detail, accuracy, and work independently with minimal supervision * Must be professional and courteous with internal and external customers * Working knowledge of Microsoft applications such as Word and Excel Principal Activities/Objectives * Ensures that loans are reviewed within the expected timeframes and will bring to management's attention if or when the cycle falls behind * Must be available to discuss audit findings with the respective areas responsible for remediation and if necessary, attend meetings * Investor guidelines must be adhered to as to publication of findings, responses, corrective action, and retention requirements * Each loan is underwritten to determine that the borrower meets the underwriting guidelines and documentation requirements set out by the Secondary Marketing Investors. Income, Employment, Credit, Assets, and Property must be analyzed to determine that they have been adequately documented and that the amounts that were used by the underwriter, have adequate documentation for support. * Determine that the loan is of investment quality as identified by the Secondary Marketing Investors and the Bank's Product Guide * Disclosures that are required on the loan are examined for accuracy and to determine that all the required disclosures, for the loan to be in compliance with Federal, State, and Investor requirements, have been disclosed and completed within the required time frames * Complete the reverification of all employment, assets, and liabilities originally verified * Make a random and/or discretionary selection of pre-funding approved loans to be audited daily, within the monthly process * Issue the Pre-Funding memo to pertinent personnel on each loan found to have exceptions * Follow-up time schedule shall be kept ensuring compliance of remedial or corrective action * Complete various additional audits, within the required time frames, such as HMDA, and MERS * Complete additional reviews for the Federal Reserve Bank and Federal Home Loan Bank, when requested * Overtime may be required, if needed