The role:
SoFi is looking for an experienced, Mortgage Quality Control Analyst to join our risk and credit team. This person will perform the necessary testing to ensure compliance and adherence to all SoFi and mortgage regulations.
What you’ll do:
- Calculate and evaluate income for wage earners, both salary & hourly, variable income, bonus/commission/overtime, as well as a variety of additional types of income sources.
- Assess complex allegations of mortgage and consumer loan fraud, including fraud related to the origination, processing, and underwriting of loans.
- Verify identity, income, and other required documentation.
- Perform timely and appropriate quality control testing and documentation.
- Recommend reasonable corrective action relative to quality control findings.
- Monitor quality findings and resolution.
- Cure defective loans identified in post-closing, based on the knowledge of all compliance and credit underwriting knowledge required.
- Assist with the development and implementation of QC testing strategies, such as focus areas, testing methodology, test standards, and frequency of testing (e.g., random and targeted testing on an as-needed basis).
- Follow-up with the business unit to ensure corrective action sufficiently addresses the compliance, operational, or credit issues and are executed timely.
- Complete special projects and research as assigned by Management.
What you’ll need:
- Minimum of 5 years of mortgage credit experience
- Strong technical knowledge of and experience with underwriting requirements Understanding of statistical and targeted loan sampling concepts
- Working knowledge of FNMA guidelines, compliance, or applicable regulations
Nice to have:
- A background in Excel reporting.
- Experience acting as an interface between the company and vendor relationships.
