Loan Quality Control Representative III
Schoolsfirstfcu.wd5.careers
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Loan Quality Control Representative IIIThe pay range for this position is listed below. Our pay ranges are built to allow for candidates with various levels of skill and experience to be considered, as well as for room for growth and tenure achieved in a role over time. Typical new hire salary offers fall within the minimum to midpoint of a pay range for many candidates. Any offer extended to a candidate will be based upon their unique set of knowledge, skills, education, and experience as well as internal equity.
Pay Range:
$27.02 - $39.18Scheduled Weekly Hours:
40- Conducts quality control reviews of loans as part of the organizations first line of defense and KRI testing activities. Loan reviews consist of an end to end review of the loan cycle including, application submission, underwriting, notification, funding, servicing, and collections.
- Identifies inaccuracies, excessive variances or patterns of compliance or risk exceptions which may violate federal laws and internal policies.
- Prepares detailed case summary reports extrapolates findings, and provides them to management for review, rebuttal, and when appropriate, remediation.
- Responsible for monitoring and ensuring standard operating procedures, lending,Member communications, letters, disclosures, quality control audits, and funding checklists are updated in a timely manner to incorporate all compliance changes and quality assurance requirements.
- Proactively identifies and develops systemic and/or process related enhancements to new and existing processes to adhere to compliance and risk tolerance levels.
- Develops and executes action plans to improve operational controls and mitigate operational risk while maximizing Member service.
- Develops strong relationships with the frontline departments including communication via phone and email, participation in meetings and frontline visits.
- Serves as a subject matter expert on the specified system(s) or application(s) and serve as a point of contact between the business unit and Information Technology.
- Research current laws and regulations through government and other journals, publications and manuals.
- Responsible for writing, documenting and testing technical requirements or creating new process flows.
- Ensures lending quality assurance processes are updated in a timely manner to incorporate all applicable regulatory compliance changes and quality assurance requirements.
- Ensures quality assurance software is maintained and updated as necessary.
- Performs other duties as assigned
- Complies with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. Failure to do so may result in disciplinary and other employment related actions
- High School Diploma or GED required
- 3-5 years consumer/mortgage lending origination/processing/Servicing experience required
- Previous Internal loan process knowledge preferred
- In-depth knowledge and understanding of all mortgage loan products, guidelines of the Government Sponsored Enterprises; loan origination systems; loan documentation; loan documents and disclosures; loan origination, processing, underwriting, and closing standards and practices; property appraisal standards; and regulatory compliance requirements
- Overall in-depth product and compliance knowledge desirable
- Good working knowledge of MS Word and MS Excel
- Strong communication and interpersonal skills, with the ability to clearly communicate audit subject matter at cross-functional levels
- Strong organizational skills with the ability to work independently
SchoolsFirst Federal Credit Union is committed to fostering, cultivating, and preserving a culture of diversity and inclusion. SchoolsFirst FCU is an equal opportunity employer and prohibits discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibits discrimination against all individuals based on their race, color, religion, sex, national origin, age, sexual orientation, gender identity or expression, political affiliation, or genetic information.
This organization participates in E-Verify.
Summary
Perform loan quality reviews, ensure compliance, identify errors, report findings, and improve processes.
Job title
Loan Quality Control Representative III
Experience level
3-5 years
Industry
financial services
Location requirements
Riverside, CA; remote work not allowed
Salary
$27.02 - $39.18
Management role
No
Required skills
Preferred skills
Specializations
Structured locations inferred from the posting.
Riverside, CA, USA