Overview
Quality Control Technician Jobs in Waukegan, IL at Inteplast Group
Position Summary:
Responsible for reviewing and auditing pre-fund loan files to ensure they comply with all applicable regulations, investor guidelines, and company policies. The PFQC Auditor will verify the accuracy of underwriting decisions made prior to closing, and identifying any potential issues or discrepancies that may require corrective action after a loan has been funded.
Responsibilities:
Performs in-depth audits daily on selected pre-fund loans to ensure accuracy, completeness and adherence to company policies, investor guidelines and regulatory requirements.
Complete a full credit re-underwrite to assess borrower credit worthiness, loan to value ratios, debt-to-income ratios and other key underwriting factors.
Obtain collateral including a review of appraisal reports, inspection reports, condo project eligibility documents, title policy, insurance documents and HOA documents. Ensures appraised value is supported and the property meets all eligibility requirements.
Identify discrepancies, potential red flags or inconsistencies that may indicate fraudulent activity within loan files and escalates to the proper internal team based on prescribed procedures.
Communicate with the appropriate business unit(s) for responses/resolutions; review and validate their responses and/or remediation documents to ensure relevance and ensure defects are closed timely.
Records audit defect details within the designated QC software system.
Participates in meetings and projects related to quality control and process improvement. Manages multiple assignments based on business needs to meet quality standards and deadlines.
Performs other duties and projects as assigned by QC Management.
Requirements:
Minimum of years 3 years underwriting, quality control auditing, and/or similar experience required.
Advanced knowledge of Agency/GSE guidelines, underwriting guidelines, products, and procedures related to FNMA, FHLMC, GNMA/HUD, HELOC/CES, AFH.
Intermediate skills in Microsoft Office applications including but not limited to: Word, Excel, PowerPoint and Outlook.
Exceptional attention to detail, verbal, written and interpersonal communication skills.
High School Degree or equivalent required, bachelor’s degree preferred.
Why work for #teamloanDepot:
Aggressive compensation package based on experience and skill set.
Inclusive, diverse, and collaborative culture where people from all backgrounds can thrive.
Work with other passionate, purposeful, and customer-centric people.
Extensive internal growth and professional development opportunities including tuition reimbursement.
Comprehensive benefits package including Medical/Dental/Vision.
Wellness program to support both mental and physical health.
Generous paid time off for both exempt and non-exempt positions.
About loanDepot:
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation’s second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life’s most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $36.00 and $42.00/hr. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Title: Quality Control Technician
Company: Inteplast Group
Location: Waukegan, IL
