What are the responsibilities and job description for the Quality Control Specialist - Residential Real Estate Loan Origination position at Equitable Savings and Loan Association?
Position Purpose
The Quality Control Specialist in Residential Real Estate Loan Origination is responsible for ensuring the accuracy, compliance, and overall quality of residential mortgage loan origination processes. This role involves reviewing loan documentation, conducting audits, and implementing quality control measures to safeguard against errors, fraud, and regulatory non-compliance. The Quality Control Specialist plays a vital role in maintaining the integrity of loan origination operations and supporting the organization's commitment to delivering high-quality financial services.
Essential Duties
1. Loan Document Review:
Conduct thorough reviews of loan documents, including applications, financial statements, credit reports, and property appraisals.
Verify the accuracy and completeness of information to ensure compliance with regulatory requirements and internal policies.
2. Quality Assurance Audits:
Perform regular audits on loan files to assess adherence to underwriting guidelines, regulatory compliance, and internal policies.
Identify and report discrepancies, anomalies, or potential fraud, recommending corrective actions as needed.
3. Compliance Monitoring:
Stay current with industry regulations and ensure loan origination processes comply with federal, state, and local laws.
Collaborate with compliance officer to address and resolve any compliance-related issues.
4. Training and Development:
Assist in the development and delivery of training programs to enhance the quality awareness and skills of loan origination staff.
Company willing to train the right candidate for needed skills and regulatory knowledge.
Other Duties
Generate regular reports on quality control metrics, including key performance indicators, trends, and areas for improvement. Other duties as assigned.
Communication
Provide clear and constructive feedback to loan officers, underwriters, and other relevant stakeholders based on quality control findings.
Collaborate with different departments to implement corrective actions and process improvements.
This position is full time with exceptional benefits featuring paid leave including vacation, sick and holidays; high quality retirement plan and health insurance; cafeteria/flex plan; paid life and long term disability insurance; and other elective benefits including AFLAC, dental, short term disability, life insurance, and family protection and group life.
Job Type: Full-time
Pay: $16.60 - $19.50 per hour
Expected hours: 40 per week
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Retirement plan
- Vision insurance
Schedule:
- Monday to Friday
Work Location: In person
Salary : $17 - $20
