Mortgage Risk Quality Control Specialist

Thank you for your interest in a career at Regions. At Regions we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results dedicated to quality strength and integrity and possess the drive to succeed then we are your employer of choice.

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Job Description:

At Regions the Business Unit Quality Control Specialistprovides quality control oversight and supportsampling specific decisioning to ensure a business groups adherence to internal procedures and regulatory guidelines and established laws are met.

Primary Responsibilities

• Performs a review of specific business activities to ensure policies and procedures were followed and documents were appropriate and executed properly
• Reviews assigned samples and determines if associates followed the departmental procedures Regions policies and Federal and State regulations
• Applies knowledge of the Business Units system of record for completeness and accuracy
• Completes reviews ensuring applicable compliance oversight is documented in the system
• Enters final decision along with supporting information into the Quality Control System communicating results to internal business groups for feedback
• Assists in problem solving researching and formulating responses to the business group due to errors for regulatory ineffectiveness
• Ensures compliance to department agency bank and federal guidelines and procedures to mitigate risk
• Works under limited direction and/or supervision

This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.

Requirements

• High School Diploma or GED
• Seven (7) years of quality control quality assurance compliance audit banking underwriting or related experience

Preferences

• Previous quality control experience

Skills and Competencies

• Ability to learn regulations impacting a specific line of business
• Ability to multi-task and set priorities
• Ability to research review information and summarize facts
• Ability to work under pressure and meet deadlines
• Advanced in Microsoft Office (Excel Word PowerPoint Outlook etc.)
• Advanced knowledge of areas of support
• Detail oriented
• Knowledgeable of all applicable regulations agency guidelines and laws governing the business groups supported
• Knowledgeable of bank systems and tools to perform reviews in quality control
• Proficient verbal written communication and organizational skills

Additional Job Description

• Execute series of Consumer Real Estate Origination/Fulfillment quality control audits on a sample basis to ensure effectiveness of processes / transactions are being conducted as intended and in alignment with operational and compliance risks

• Cite exceptions as needed and perform trend analysis on key exceptions to ensure recurring issues are identified and escalated

• Ensure compliance with investor quality control requirements

• Monitor HMDA Data Quality in support of quarterly filings to include data cleanup and system change requests as needed

• Preferred skills in Real Estate Underwriting product requirements

This position may be filled at a higher level depending on the candidates qualifications and relevant experience.

Position Type

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience skills knowledge contribution job location and most importantly performance in the job role. As these factors vary by individuals pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

Median:

Incentive Pay Plans:

Benefits Information

Regions offers a benefits package that is flexible comprehensive and recognizes that one size does not fit all for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes which is not intended to be a complete summary of plan terms and conditions.

• Paid Vacation/Sick Time

• 401K with Company Match

• Medical Dental and Vision Benefits

• Disability Benefits

• Health Savings Account

• Flexible Spending Account

• Life Insurance

• Parental Leave

• Employee Assistance Program

• Associate Volunteer Program

Please note benefits and plans may be changed amended or terminated with respect to all or any class of associate at any time. To learn more about Regions benefits please click or copy the link below to your browser.

DetailsRiverchase Operations Center

Location: