What are the responsibilities and job description for the Quality Control Underwriter position at Invictus Capital Partners / Verus Mortgage Capital?
Description
We are seeking an experienced Quality Control Underwriter with expertise in the Non-QM (Non-Qualified Mortgage) or Non-Agency lending space. The ideal candidate will be responsible for reviewing and ensuring the quality and accuracy of loan files, ensuring they meet company and regulatory guidelines. This role is critical in maintaining compliance, identifying risk, and improving the underwriting process.
Responsibilities and Duties :
- Quality Control Review : Conduct thorough reviews of Non-Agency loan files to ensure compliance with company policies, investor guidelines, and regulatory requirements.
- Risk Assessment : Analyze loan documents to assess the risk level, including income, credit, assets, and property evaluations, ensuring all aspects of the loan meet established criteria.
- Guideline Adherence : Verify that underwriting decisions adhere to specific Non-Agency guidelines, including evaluating compensating factors for loans that fall outside of standard parameters.
- File Auditing : Perform post-closing audits on selected loan files, identifying discrepancies or deficiencies and providing recommendations for corrective actions.
- Reporting : Generate detailed reports on findings, trends, and areas of concern, and present these to management for further action and improvement.
- Process Improvement : Collaborate with underwriting and operations teams to identify opportunities for process enhancements, aiming to increase efficiency and reduce error rates.
- Training and Development : Assist in developing training materials and conducting training sessions for underwriters and support staff on Non-Agency guidelines and quality control procedures.
- Stay Current : Keep abreast of industry changes, regulatory updates, and best practices within the Non-Agency space.
Education and Experience :
Key Competencies :
How This Role Demonstrates Our Values :
Benefits
Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.
Maintaining a reliable, uninterrupted high speed internet connection is a requirement of hybrid or remote positions.
All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.
Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.
Invictus Capital Partners, LP, a leading investment firm, established in 2008, and its affiliate Verus Residential Loanco, LLC, manage and oversee investments in mortgage loans, primarily with a focus on the non-QM market. Invictus is located in Washington, D.C. and has approximately 50 employees, and Verus is located in Minneapolis and has approximately 170 employees. The Companies have overseen the acquisition of over $30 billion in assets since their inception. In addition, Invictus manages funds with over $3 billion in capital under management that have sponsored 60 rated securitizations. Interested candidates can learn more about the Companies by visiting www.invictuscp.com and www.verusmc.com.
Salary : $75,000
