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Lending Operations QC Specialist 1

Union Bank And Trust Company

Posted on: 16 Mar 2024

Job Location: Lincoln, US

Job Description:

Position Summary: The Lending Operations Quality Control Specialist 1 will assist in executing all the quality control programs for a variety of origination groups. This professional will manage and carry out agency and investor quality control plans (e.g. VA, HUD, and Fannie Mae) in addition to providing support in regulatory compliance reviews (e.g. Reg Z, HMDA, Flood) and other quality control reviews.
Essential Functions:

Complete both pre-closing and post-closing quality assurance reviews of originated and non-originated mortgage loans, consistent with bank policy, government regulations, and investor and agency requirements if applicable including review with all government (e.g. FHA, VA) insurance requirements, re-verifications, and other steps associated with secondary market mortgage quality assurance.
Demonstrate understanding of all secondary market mortgage investor guidelines, Government Sponsored Enterprises (GSE) requirements, federal regulations, and bank policy involving secondary market mortgage origination and servicing.
Assist in completing timely review of secondary market mortgage loans serviced in relation to investor requirements, bank policy, and government regulations.
Responsible for execution of the banks responsibilities as a Seller Servicer as defined in the Fannie Mae Selling Guide Part D - Ensuring Quality Control.
Identify violations or exceptions of agency requirements, government regulations, or bank policy in serviced loans and in both originated and non-originated in-house mortgage loan files, including underwriting and/or fraud exposure by evaluating a sample of loan files.
Communicate deficiencies to secondary market and retail loan operations managers. Conduct timely follow-up to ensure all items are adequately addressed. Track and resolve pending items identified in reviews.
Work with other specialists and manager to report scope, deficiencies, and trend information to secondary market and retail loan operations management to be shared with Management Audit Committee and Board Audit Committee as applicable.
Perform Flood compliance reviews on 100% of loans in a SFH Zone requiring flood insurance prior to closing, again at post-closing, and periodically during loan servicing for all Retail loans.
Review for appraisal and valuation independence compliance as defined by the Interagency Appraisal and Evaluation Guidelines in loan files selected for review.
Stay abreast of changes in regulatory and investor requirements and update Mortgage Loan Quality Control Plan and Servicing Quality Control Plans as applicable.
Serve as a backup for the Appraisal Coordinator. This role orders, reviews, and facilitates the procurement of collateral valuation reports including 1004 Appraisals.
Assist in performing monthly HMDA and other compliance audits as needed as well as home insurance documentation reviews.
Periodically perform permissible purpose reviews, as well as quality control on loan onboarding for in-house retail loans and dealer floor plan as needed.
Understand and adhere to all bank policies, laws and regulations applicable to their role. Complete compliance training: follow internal processes and controls as required.
Report all compliance issues, violations of law or regulations in accordance with the steps defined in bank policies.
Perform other job-related duties or special projects as assigned.
Regular and reliable attendance is an essential function of this position.

Qualifications:

High school diploma or GED required. Bachelor's degree in Business Administration preferred.
Minimum of 2 years banking or retail/consumer purpose real estate secured lending experience.
Experience in secondary market mortgage (lending, underwriting, processing, or quality control, etc) strongly preferred.
Strong understanding of regulatory requirements. Must be able to read, navigate, and understand the lending regulations presented by the Consumer Financial Protection Bureau in the Interactive Bureau Regulations website.
Previous experience writing procedures preferred.
Proficient in Microsoft Office Products and in working with other lending software such as Encompass 360.
Previous training and presentation experience a plus.
Valid Nebraska driver's license.

Preferred Talents:

Strong analytical skills, accuracy, and attention to detail
Strong organizational skills
Proven effective research skills and problem solving
Deadline driven and composed under pressure
Effective verbal communicator
Demonstrated ability with clear, concise writing skills
Self -directed and takes initiative
Proven ability to manage multiple responsibilities and deadlines simultaneously, overtime may be required during peak times to meet review deadlines.

Working Environment:
Indoor work - not exposed to outdoor elements or hazards.
Some sedentary work and occasional lifting and/or carrying up to twenty pounds.
Occasional travel may be required.
This role is eligible for hybrid work from home opportunity under the work from home guidelines upon completion of onboarding.

PLEASE VIEW THE APPLICANT TERMS & CONDITIONS BEFORE PROCEEDING WITH YOUR APPLICATION.

Equal Opportunity Employer Minorities/Women/Veterans/Disabled

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