• Quality Control Underwriter

    Work Location : Location US-GA-Atlanta
    Job Post Information* : Posted Date 2 months ago(4/13/2018 4:13 PM)
    ID
    2018-1416
    Category
    Operations
  • About Team Equity Prime

    Our team is the backbone to our growth and success. We operate at a high level in a fast-paced environment and ever-changing industry. We work hard and take pride in providing unparalleled service to our customers on their journey to homeownership. If you are looking for a rewarding and challenging career, Team Equity Prime might just be the place for you.

    The Position

    Quality Control Underwriters review underwritten loans to ensure that company processes, policies and procedures are being followed correctly. QC Underwriters serve as a checks and balances on our processes, making sure loan quality and guidelines are being met to the satisfaction of company, industry and investor standards.

     

    QC Underwriters must have an in-depth knowledge of regulatory standards and have the ability to analyze a borrower's financial position to properly evaluate risk and issue decisions accordingly. They are key to our company's operations and are responsible for upholding our commitment to quality and accuracy. Quality Control Underwriters report to the Director of Quality Control and ultimately up to the head of Compliance.

    Responsibilities

    • Thoroughly evaluate borrower income relative to financial obligations, adequacy of credit quality and history, the source of funds, the security of the subject property, the loan terms, and ratios
    • Ensure that all required items are provided, validated/verified, and meet the program guidelines
    • Ensure accuracy of loan disclosures and documentation
    • Calculate Loan to Value (LTV) and other ratios accordingly
    • Run the file through Automated Underwriting Systems (AUS), such as DU/LP, when applicable
    • Review the application and information in the Loan Origination Software (LOS) for accuracy
    • Request items necessary to complete the submission or to qualify for the program
    • Provide explanation to the Underwriter, Department Manager or Compliance on items found
    • Ensure that all relevant and necessary information needed is communicated and provided properly through the LOS including, but not limited to: Loan approval date, conversation logs, appraisal information, HMDA and Credit information, conditions, worksheets, MI, FHA, and VA when applicable, suspense, denial, and incomplete dates and milestones as appropriate, etc
    • Review the Underwriter's decision for accuracy in accordance to the appropriate terms, conditions, counter-offers if the terms do not meet company lending standards, etc.

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