Senior Quality Control Underwriter

Candidates should be based in the San Francisco Bay Area.

POSITION SUMMARY

The Senior Quality Control (QC) Underwriter re-underwrites and re-verifies simple to complex mortgage loans from all origination channels to determine compliance with GSE and National MI (NMI) underwriting guidelines and NMI post-close review tolerances; prepares detailed finding descriptions to share with origination lenders; and reviews rescission rebuttals to determine outcomes and write assessments.

JOB DUTIES & RESPONSIBILITIES

• Re-underwrites and reverifies loans and grades individual components of the underwriting and the file overall; and considering the outcome of the review, applicable rescission relief principles, validation status, payment history and other factors; determines rescission relief (and rescission) implications and assigns responsibility for each finding and determines if rescission is appropriate.
• Writes a detailed summary of the findings (incorporating the rescission relief implications) that is suitable for presentation to the senior management of lender customers and NMI.
• Accurately reviews and analyzes income and asset documentation, credit reports, appraisals, and supporting loan documentation. Calculates credit variables (i.e., DTI and LTV ratios) and other components of the underwriting decision.
• Conducts re-verifications and/or investigations of income, employment, assets, credit and occupancy.
• Identifies red flags and suspicious characteristics to determine risk and quality of loan for insurance.
• Identifies quality trends and underlying causes leading to QC findings and recommends parties to the transaction for targeted audits and addition to the Watchlist.
• Communicates directly with internal and external stakeholders to gather information needed for proper evaluations, and to provide audit findings.
• Provides constructive feedback and suggestions to QC management to assist operations with development of remediation plans.
• Utilizes the QC audit system to conduct audits and track results.
• Provides ad hoc assistance, as needed.

SKILLS & KNOWLEDGE

• Bachelors degree or the equivalent work experience in mortgage operations.
• Minimum of 5 years of mortgage underwriting experience required.
• Forensic Audit review experience highly preferred.
• MI risk experience review experience preferred.
• Excellent written and verbal communications and presentation skills required.
• Ability to understand and interpret Fannie Mae and Freddie Mac requirements, and Desktop Underwriter and Loan Product Advisor findings.
• Ability to learn National MIs QC system, and origination and document imaging systems.
• Highly proficient in MS Office Suite.
• Strong customer service skills and values.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Excellent attention to detail.
• Ability to interpret a variety of technical instructions and diagrams, forms and deal with abstract and concrete variables.
• Works ethically and with integrity supporting organizational goals and values.
• Completes work in a timely manner and meets deadlines.
• Maintains confidentiality of information and uses information appropriately.
• Contributes to building a positive team spirit and treats others with respect.

Base Salary: $90,000 - $115,000

• Posted Base Salary Range applies to current posting and may change in the future. The posted Base Salary Range may vary for key factors including, but not limited to, location, experience and skill set. Benefit eligibility includes healthcare, life and disability insurance, 401(k), monthly allowance, 20 days of PTO, 10 paid Holidays, and bonus and equity potential. Additional benefit offerings may be found at https://www.nationalmi.com/career-benefits/.

National MI is an Equal Employment Opportunity employer and is committed to a diverse workforce. We value and actively seek to recruit, develop, and retain individuals with varied backgrounds and experiences reflecting the full diversity of the communities that we serve. It is the policy of the National MI to comply with all applicable laws concerning the employment of persons with disabilities.