What are the responsibilities and job description for the Post-Close Quality Control Auditor II position at loanDepot?
Description
Position at loanDepot
Position Summary :
Responsible for reviewing and auditing closed loan files through pipeline management to ensure they comply with all applicable regulations, investor guidelines, and company policies. The PCQC Auditor will verify the accuracy of underwriting decisions made prior to closing, and identifying any potential issues or discrepancies that may require corrective action after a loan has been funded.
Responsibilities :
- Complete a full credit re-underwrite to assess borrower credit worthiness, loan to value ratios, debt-to-income ratios and other key underwriting factors.
- Must be able to calculate, qualifying income, including but not limited to wage, bonus, commission, self-employed, retirement.
- Review appraisal reports, inspections, condo project eligibility documents, title policy, insurance documents and HOA documents. Ensures appraised value is supported and the property meets all eligibility requirements.
- Identify discrepancies, potential red flags or inconsistencies that may indicate fraudulent activity within loan files and escalates to the proper internal team based on prescribed procedures.
- Communicate with the appropriate business unit(s) for responses / resolutions; review and validate their responses and / or remediation documents to ensure relevance and ensure defects are closed timely.
- Prepares detailed reports, ensuring identified issues, discrepancies, evidence of non-compliance and red flags are properly documented and summarized. Reports should identify areas of responsibility and recommended corrective actions. Records audit defect details within the designated QC software system.
- Performs other duties and projects as assigned by QC Management.
Requirements :
Why work for #teamloanDepot :
About loanDepot :
loanDepot (NYSE : LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $35.00 and $43.00 / hr. Your base pay will depend on multiple individualized factors, including your job-related knowledge / skills, qualifications, experience, and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Salary : $35 - $43
