Risk Auditor
Risk Auditor
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Salary Not Disclosed
1 Vacancy
Job Description
Overview
The Risk Auditor is responsible for performing quality assurance reviews of mortgage loan files at various stages of the loan origination process to ensure compliance with regulatory guidelines investor requirements and internal policies.
Responsibilities
- Review loan applications supporting documents and third-party verifications for accuracy and completeness including income verification asset validation credit reports appraisals and title documentation.
- Identify discrepancies inconsistencies or compliance issues within loan files.
- Conduct thorough investigations into potential fraud including money laundering misrepresentation and other financial crimes.
- Identify and document potential risks and deficiencies in loan files including those related to fraud or eligibility defects.
- Assess potential risks identified during loan file reviews and recommend appropriate corrective actions or mitigation strategies to management and clients.
- Collaborate with teams to resolve any identified issues promptly and accurately.
- Remediate errors with borrowers and address issues identified during audits.
- Document audit findings maintaining comprehensive records for regulatory compliance legal and audit purposes.
- Draft various internal and external correspondences under risk legal and compliance
Qualifications
- Thorough understanding of loan origination procedures documentation and regulatory requirements.
- Familiarity with standard underwriting guidelines including Fannie Mae Freddie Mac FHA VA USDA Non-QM and Renovation loans.
- Comprehensive understanding of mortgage compliance regulations (RESPA TILA ECOA Fair Lending).
- Must be able to apply underwriting guidelines calculate income assets credit on various loan programs.
- Proficient with loan origination systems mortgage document management systems and Microsoft Office Suite (Word Excel PowerPoint).
- Strong organizational and research skills for thorough investigations.
- Ability to communicate findings clearly and professionally to stakeholders.
- Ability to solve problems identify issues analyze root causes and recommend solutions.
Experience:
- Minimum of 3 years of experience in mortgage quality control quality assurance risk compliance underwriting or related roles.
Preferred Education:
- Bachelors degree in business finance accounting or a related field.
Min
Max
Employment Type
Full-Time
