Senior Residential Lending QC Specialist

Position Summary: The Senior Residential Lending QC Specialist manages and executes all the quality control programs for secondary mortgage origination, servicing, and portfolio origination. This involves managing and carrying out agency and investor quality control plans (e.g. VA, HUD, and Fannie Mae) in addition to service provider requirements (e.g. MERS).

Essential Functions for Secondary Market QC:

1. Manage all the quality control programs for secondary market mortgage origination and servicing. Involves managing and carrying out agency and investor quality control plans (e.g. VA, HUD, Fannie Mae, grant and HFA programs etc.) in addition to service provider requirements (e.g. MERS).
2. Demonstrate thorough understanding of all secondary market mortgage investor guidelines, Government Sponsored Enterprises (GSE) requirements, federal regulations, and bank policy involving secondary market mortgage origination and servicing.
3. Complete both pre-closing and post-closing quality assurance reviews of originated and non-originated secondary market mortgage loans, consistent with investor and agency requirements, bank policy, and government regulations. Includes review with all government (e.g. FHA, VA) insurance requirements, re-verifications, and other steps associated with secondary market mortgage quality assurance.
4. Complete timely review of secondary market mortgage loans serviced in relation to investor requirements, bank policy, and government regulations.
   
   
   
   1. Successful candidates will be responsible for execution of the banks responsibilities as a Seller Servicer as defined in the Fannie Mae Selling Guide Part D - Ensuring Quality Control.
   2. This includes preparing and ordering annual required appraisal field reviews and reporting findings to management.
   3. Monitoring FHA's Neighborhood Watch loans and reporting findings to management.
   
   
   
   
5. Identify violations or exceptions of investor and agency requirements, government regulations, or bank policy in serviced loans and in both originated and non-originated secondary market mortgage loan files and portfolio loan files, including underwriting and/or fraud exposure by evaluating a sample of loan files.

Essential Functions for All Retail Loans QC:

1. Communicate deficiencies to secondary market and retail loan operations managers. Conduct timely follow-up to ensure all items are adequately addressed. Track and resolve pending items identified in reviews.
2. Provide reports of review scope, deficiencies, and trend information to secondary market and retail loan operations management to be shared with Management Audit Committee and Board Audit Committee as applicable.
3. Perform root cause analysis to identify reasons errors are being made. Work with Loan Operations Managers along with Loan Technology staff to effectively communicate opportunities for procedural or system changes to reduce risk.
4. Review and compare procedures for secondary market and portfolio set by managers for alignment and consistency. Make recommendations and share observations to managers.
5. Perform Flood compliance reviews on 100% of loans in a SFH Zone requiring flood insurance prior to closing, again at post-closing, and periodically during loan servicing for all Retail loans.
6. Review for appraisal and valuation independence compliance as defined by the Interagency Appraisal and Evaluation Guidelines in loan files selected for review.

Additional Functions:

1. Stay abreast of changes in regulatory and investor requirements and update Mortgage Loan Quality Control Plan, Servicing Quality Control Plans, as well as the review checklists as applicable.
2. Serve as a backup for the Appraisal Coordinator. This role orders, reviews, and facilitates the procurement of collateral valuation reports including 1004 Appraisals.
3. Work with the Appraisal Coordinator to perform testing and validation of the performance of AVMs. Work with Loan Compliance and Loan Operations Mangers to analyze the findings and update policies and procedures for AVMs when warranted.
4. Assist with training as needed in regard to regulatory and investor requirements.
5. Assist with additional reviews and compliance audits as needed including model risk management of Fannie Mae Desktop and Collateral Underwriter.
6. Understand and adhere to all bank policies, laws and regulations applicable to their role. Complete compliance training: follow internal processes and controls as required.
7. Report all compliance issues, violations of law or regulations in accordance with the steps defined in bank policies.
8. Perform other job-related duties or special projects as assigned.
9. Regular and reliable attendance is an essential function of this position.

Qualifications:

1. Bachelor's Degree in Business Administration, Finance or equivalent industry work experience.
2. Minimum of 8 years of retail/consumer purpose real estate secured lending experience with no less than 3 years in secondary market mortgage required (lending, underwriting, processing, or quality control, etc).
3. Strong understanding of regulatory requirements. Must be able to read, navigate, and understand the complex legal language of lending regulations presented by the Consumer Financial Protection Bureau in the Interactive Bureau Regulations website.
4. Proficient in Microsoft Office Products and in working with other lending software such as Encompass 360.
5. Previous training and presentation experience a plus.
6. Valid Nebraska driver's license.

Preferred Talents:

1. Strong analytical skills, accuracy, and attention to detail
2. Strong organizational skills
3. Proven effective research skills and problem solving
4. Deadline driven and composed under pressure
5. Effective verbal communicator
6. Demonstrated ability with clear, concise writing skills
7. Self -directed and takes initiative
8. Proven ability to manage multiple responsibilities and deadlines simultaneously, overtime may be required during peak times to meet review deadlines.

Working Environment:

Indoor work - not exposed to outdoor elements or hazards.

Some sedentary work and occasional lifting and/or carrying up to twenty pounds.

Occasional travel may be required.

This role is eligible for hybrid work from home opportunity under the work from home guidelines upon completion of onboarding.

PLEASE VIEW THE APPLICANT TERMS & CONDITIONS BEFORE PROCEEDING WITH YOUR APPLICATION.