Rushmore Loan Management Services

Manager, Quality Control - Operations (Originations)

US-TX-Dallas
Job ID
2017-1992
Category
Quality Control - Servicing Originations Underwriting
Type
Regular Full-Time
FLSA Status
Exempt

Overview

 

POSITION SUMMARY:

The Manager of Quality Control is responsible for evaluating the servicing and Origination QC reviews and performance of internal Servicing activities to ensure compliance with company policies, procedures and Agencies/ Government requirements.

Responsibilities

ESSENTIAL DUTIES AND RESPONSIBILITIES:

 

  • Perform thorough loan level reviews to ensure established regulatory, investor/insurer servicing guidelines are met for the following corporate functions: Vendor Management, Investor Reporting, Compliance, IT and Legal.
  • Perform thorough loan level reviews to ensure established regulatory, investor/insurer servicing guidelines are met for the following Default Servicing functions: Loan Modification Underwriting reviews, Short Sale, Deed in Lieu, Repayment Plans and denied loans
  • Perform Pre-fund and Post-fund QC review of the vendor’s work on a monthly basis and provide feedback to them timely as necessary to identify issues requiring remediation, process controls and standards.
  • Select, train, coach and supervise staff to achieve departmental objectives
  • Manage team of QC Analysts.
  • Provide training and mentoring to staff
  • Provide training to business partners as needed
  • Perform a monthly loan selection in the auditing software for monthly QC reviews.
  • Analyze regular and loan level data, summarize the results, suggest resolution, and assist with implementation and follow up when appropriate.
  • Prepare QC Monthly Reports which track and monitor material, moderate, and recurring exceptions identified during the reviews that are violations of Government/Agencies or Investor requirements.
  • Determine defect drivers and analyze root cause of the exceptions and open Management Action Plans in Logic Manager.
  • Escalate QC concerns to VP of Quality Control
  • Validate/Test Management Action Plans to ensure corrective actions are taken timely by the business.
  • Present Servicing QC findings and Management Action Plan (MAP) summary to the QC Committee on a monthly basis.
  • Participate in the review and development of new and/or revisions to Quality Control policies and procedures.
  • Continually evaluate QC processes and recommend improvements which automate and streamline QC workflow.
  • Perform other related duties or QC reviews as assigned.

Qualifications

ESSENTIAL KNOWLEDGE & SKILLS:

 

  • Advanced Knowledge in Freddie Mac, Fannie Mae, FHA, VA and USDA servicing guidelines.
  • Proficient in Underwriting and Servicing
  • Proficient in MSP and Encompass a plus
  • Extensive and current knowledge in multi-state and federal regulations relative to loan originations and servicing
  • Very strong work ethic; roll-up the sleeves attitude
  • Demonstrated ability to maintain and perform with a high degree of confidentiality
  • Detail oriented and highly organized
  • Ability to effectively handle multiple assignments with minimal supervision while meeting department performance measures.
  • Ability to organize and coordinate projects for timely delivery
  • Excellent verbal and written communication and presentation skills
  • Ability to organize and coordinate projects for timely delivery
  • Excellent verbal and written communication and presentation skills 

 

EDUCATION AND/OR EXPERIENCE:

  • Bachelor’s Degree preferred
  • High School Diploma required
  • Minimum 7 years in Servicing and Underwriting or quality control experience
  • Mortgage industry experience a plus

 

 

MACHINES, OFFICE EQUIPMENT & SOFTWARE:

 

  • Proficient with Microsoft Office applications

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