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Mountain America Credit Union · 2 days ago

Home Equity Lending Quality Control Analyst

Sandy, UT

Full-time

Hybrid

Mid Level

3+ years exp

Mountain America Credit Union is looking for a Home Equity Lending Quality Control Analyst to perform Quality Control Audits on lending products. The role focuses on ensuring that applications are originated and underwritten in accordance with credit union policy and regulatory guidelines.

BankingFinancial ServicesMortgage

Culture & Values

Responsibilities

Performs first line Quality Control Audits and reports the analysis performed on lending products, such as, but not limited to, Consumer and Home Equity Products

Analyzes and validates the underwriting decisioning process for reviewing and approving loans according to credit union policy and procedure

Evaluates loan applications, verifications of employment and deposit, credit reports, etc., to determine credit worthiness, ensure compliance with MACU policies and procedures, and consistency between the file documentation and the loan origination system

Evaluates appraisals for accuracy and compliance with internal guidelines

Requests and reviews re-verification of loan file documentation to validate accuracy, identify concerns, and mitigate risk

Monitors lending origination portfolio for red flags related to fraud, maintaining knowledge about current fraud schemes

Understands credit risk and compensating factors and applies that understanding to determine whether credit decisions align with organizational tolerances

Completes both Pre-Funding Audits (PFA) and Post-Close audits

Follows all MACU lending department policies and procedures

Calibrates loan review results with other team members, leaders, and credit union teams to ensure accuracy in the review process

Audits files quickly with clear, concise conditions or feedback as necessary. Performs a high volume of work and meets required investor deadlines

Communicates requirements and gaps identified in loan files, working with responsible parties to address and correct issues when possible

Monitors compliance by providing strong expertise with all regulations applicable to lending, including TILA, ECOA, FCRA, RESPA, and other state and federal regulations as applicable. Provides compliance support to the lending teams

Participate in ongoing training of all lending products

Uses tools provided to research and self-identify guidance on all loan programs and guidelines

Maintains current knowledge of MACU’s lending updates, criteria, guidelines, procedures, policies, and processes in order to analyze sound lending decisions

Other duties as assigned

Qualification

Lending experienceUnderwriting experienceQuality Control auditsMicrosoft Office SuiteLoan origination systemConsumer lending complianceAnalytical skillsReporting skillsCommunication skillsTime managementInterpersonal skills

Required

Three years in lending experience in credit administration, underwriting, or asset and portfolio management

One year of underwriting experience strongly preferred

Four-year degree from an accredited institution in business, marketing, finance, economics or related field, or two additional years' experience in a progressive financial setting

Intermediate skills with Microsoft Office Suite including Outlook, Word, PowerPoint, and Excel

Demonstrated experience with loan origination system required

Demonstrated ability to clearly express ideas, methodology, results, and recommendations verbally, in writing and through insightful reports and graphic illustrations

Demonstrated ability to document outcomes and present information in a manner appropriate for key stakeholders and all levels of the organization

Knowledge of consumer lending, consumer lending compliance, and consumer financial protection laws required

Ability to work both autonomously and collaboratively in a fast-paced environment

Self-starter with strong organizing and time management skills and the ability to work productively and efficiently in a fast-paced environment with multiple projects and timelines

Adaptive to change, responds positively to altered circumstances or conditions

Possess a desire and willingness to learn and continually update knowledge base on financial concepts, strategies, systems etc

Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies

Excellent inter-personal skills including the ability to collaborate with teams

Maintains confidentiality with others since information involves complex, detailed and often sensitive topics

Develops and maintains quality time frames and management of pipeline to achieve and meet required lending timelines