QC/QA Specialist

Job Summary:

We are seeking a detail-oriented and experienced Mortgage Loan Compliance Specialist to independently evaluate residential mortgage loan files for compliance with CFPB/TRID guidelines, legal standards, and program-specific regulations. The ideal candidate will possess in-depth knowledge of conventional, conforming, non-conforming, and government loan programs and will demonstrate strong analytical skills in credit decision-making. This role involves close collaboration with loan originators and production teams to validate financial documentation, assess risk, and ensure accurate loan processing.

Key Responsibilities: 

• Possess complete compliance knowledge to validate if the file meets CFPB/TRID guidelines.
• Independently analyze loan files to ensure adherence to: Regulations and legal standards governing mortgage lending. Loan programs and guidelines, including superior knowledge of conventional, conforming, non-conforming, and government programs and guidelines.
• Make independent decisions regarding acceptability of loan files and approval/denial of loan applications.
• Critically analyze loan files to ensure that information is compliant with lending guidelines and legal standards, including “red flags”, suspicious activity standards, and ethical lending standards
• Application of program requirements, lending guidelines, regulations and appropriate credit policies to loan files to approve or deny credit or advise senior management.
• Work with loan originators and production staff to acquire required documents to verify the income and employment details of the applicant, review the applicant’s credit profile, analyze financial statements, and consider other information to act on loan and credit requests.
• Examine loan documentation for accuracy and completeness and determine whether additional information may be required to make a credit decision.
• Examine and analyze assets, liabilities, income, and debt information related to applicants, to make a credit decision.
• Evaluate and review appraisal reports and collateral issues related to real estate to determine whether it may properly support the approval of a loan application the loan.
• Exhibit superior decision-making skills that are supported by relevant details and research.
• Compare automated underwriting to specific loan-file criteria to determine whether waiver or deviation from suggested guidelines may be appropriate. Exercise sound discretion in such a review to arrive at final decision or recommendation.
• Utilize automated underwriting systems such as Desktop Underwriter and Loan Prospector to assist in the execution of the duties and responsibilities of the role.

Qualifications and Professional Experience:

• Graduates in any discipline
• Knowledge of US Residential Mortgage – Primary and Secondary market. Working knowledge of (FHA, VA, CONVENTIONAL, TRID)
• Minimum of 3 Years’ experience as Disclosures Associate/Specialist, Closer with hands on.
• knowledge & experience of lending regulations & legal guidelines for conventional, conforming, non-conforming, and government loan programs. 
• Strong technical skills, experience working with MS-Excel and navigation using workflow applications.
• Exposure to Encompass Loan Origination System is a must. 
• Must be able to meet deadlines and turnaround times.
• Customer service orient & strong verbal & written communication skills.

Note that only shortlisted candidates will be contacted.