Quality Monitoring Risk Mortgage Underwriter (remote & must know TRID)

Company: Branch, Banking & Trust Company
Location: Greenville
Posted on: May 3, 2021

Job Description:

Specific information related to the position is outlined below. To apply, click on the button above. You will be required to create an account (or sign in with an existing account). Your account will provide you access to your application information. Need Help? Should you have a disability and need assistance with the application process, please request a reasonable accommodation by emailing Accessibility or by calling 877-891-2510. This email inbox is monitored for reasonable accommodation requests only. Any other correspondence will not receive a response.Regular or Temporary:RegularLanguage Fluency: English (Required)Work Shift:1st shift (United States of America)Please review the following job description:**Remote within a 2 hour drive to a reporting hub in Greensboro NC or Greenville SC.***Perform comprehensive quality monitoring underwriting of Retail, Home Mortgage Direct (HMD) and Correspondent Lending (CL) operations for all investors, insurers, and regulators. Ensure quality monitoring of Retail, HMD and CL are performed with adherence to investor/insurer guidelines (e.g. Freddie Mac, Fannie Mae and United States Department of Agriculture (USDA)) and BB, to federal regulation (e.g. appraisals, Bank Secrecy Act (BSA)/Anti Money Laundering (AML), USA Patriot Act, Fair Lending, flood determinations and insurance requirements, loan disclosures and terms in the closing process, loan disclosures and terms in the application process, loan officer rules and compensation, loans to executive officers, directors, and principal shareholders, product offering, transactions with affiliates, and underwriting). Prepare and discuss underwriting results with the Mortgage Loan Originator, Processor, Underwriter, Closer and Post-Closer to evaluate the root cause and mitigate the identified defect to reduce regulatory compliance risk to BB Contribute to comprehensive management reporting and ensure all identified defects are included in the monthly Quality Monitoring Reporting with the line of business agreement to the identified defect. Review early payment defaults as defined in the BB Quality Control program, including root-cause analysis to determine whether sound practices were followed and adherence to investor/insurer and/or compliance with federal regulations.**Remote within a 2 hour drive to a reporting hub in Greensboro NC or Greenville SC.***Essential Duties and Responsibilities:The following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.1. Validate/re-underwrite loans by performing a comprehensive loan level underwrite, systems risk and compliance analyses of mortgage loan origination operations (Retail, HMD and/or CL) for adherence to all investors, insurers, federal regulations and BB2. Review income tax returns with all schedules and communicate calculations verbally and in writing.3. Determine credit worthiness of a borrower to include knowing how to read a credit report, identify red flags and question items that are suspicious in nature that may result in unnecessary risk and fines to BB4. Review bank statements or quarterly financials to determine borrower's account activity including evaluating large deposits as defined in the investor/insurer guidelines.5. Evaluate an appraisal report in adherence to investors and insurer guidelines to determine if the opinion of value stated by the appraiser was supported with the comparables provided.6. Complete HUD Branch Office reviews to make sure the branch is setup properly and complies with all requirements set forth by HUD. Reviews will be completed on and offsite.7. Review non-originated loans for regulatory compliance with Equal Credit Opportunity Act, Fair Lending, Regulation B and Regulation C (HMDA).8. Identify, create, and ensure follow-up of action plans identified during quality monitoring ensuring to escalate any issues that are not being remediated promptly by partnering with the appropriate line of business (LOB) to resolve.9. Perform scheduled testing of various mortgage loan origination operations policies and procedures.10. Analyze data and produce scheduled quality control reports and make recommendations as to appropriate corrective action or gap-related solutions.11. Report to Mortgage Lending Production Quality Monitoring Investor and Insurer Risk Manager material findings with respect to violations of federal regulation, investor/insurer guidelines, or suspicious loan activity.12. Assist with the development and updating of departmental procedures.13. Act as an alternate information security liaison for Retail, HMD and/or CL.14. Assist with monitoring internal control records and business recovery plans for Mortgage Lending Administration (MLA).15. Assist in management and coordination of audits performed by internal/external auditors with respect to mortgage Retail, HMD and/or CL.16. Assist with research and analyses of emerging loan origination related industry actions and concerns.17. Embrace change, acting as a role model and promoting a mindset of continuous improvement.18. Promote effective communication with business partners to achieve optimum feedback and improve the value of the recommended actions to the LOB. Ability to discuss findings and support underwriting decisions rendered.19. Ensure all actions are aligned with BB Mission, Vision and Values.Required Skills and Competencies:The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.1. Bachelor's degree or equivalent education and related training2. Five years of experience in quality assurance, quality control, mortgage underwriting or similar experience, risk management, and/or regulatory compliance3. Strong knowledge of investor/insurer/regulatory guidelines, applicable laws, regulations, and company audit policies and procedures and the ability to effectively interact with all levels of senior management, Federal Deposit Insurance Corporation (FDIC), and Consumer Financial Protection Bureau (CFPB)5. Strong understanding of mortgage documentation and regulatory compliance requirements (e.g. allowable fees, loan estimate/closing disclosure, exception tolerances)6. Ability to support multiple tasks, with varying levels of complexity, importance and involvement7. Excellent interpersonal, leadership, analytical and problem-solving skills8. Excellent verbal and written communication skills9. Detail-oriented, motivated and function well in a team environment10. Must exhibit a keen attention to detail and the ability to quickly comprehend information11. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products12. Ability to travel, occasionally overnightDesired Skills:1. Master's in Business Administration (MBA) supplemental education and/or experience in mortgage loan origination operations (Retail, HMD and/or CL), including audit, quality control, underwriting or regulatory compliance2. Strong knowledge of the Unifi mortgage loan origination systems and overall mortgage production processes (e.g. origination, processing, underwriting, closing, and government insuring)3. Experience with identifying operational risks and developing mitigating controlsTruist supports a diverse workforce and is an Equal Opportunity Employer who does not discriminate against individuals on the basis of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Drug Free Workplace.Thank you for your interest in Truist! BB and SunTrust have come together in a transformational merger of equals to create Truist, the premier financial organization in the country. You may notice references to our legacy company names, BB and SunTrust, in places throughout this site. All such references should be understood to refer to Truist moving forward while we continue to transition to the Truist name. 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Keywords: Branch, Banking & Trust Company, Greenville , Quality Monitoring Risk Mortgage Underwriter (remote & must know TRID), Other , Greenville, South Carolina