Mortgage Loan Quality Control Auditor

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October 3

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NightOwl Consulting

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B2B • Recruitment • SaaS

NightOwl Consulting is a global business service (GBS) provider that connects companies with skilled talent in the Philippines to optimize their business processes and dramatically reduce costs. Specializing in team-building for various roles such as pre-construction, AutoCAD drafting, insurance, bookkeeping, and administrative assistance, NightOwl Consulting provides customized offshoring solutions tailored to the specific needs of each client. Through its transparent, cost-effective pricing model, the company prides itself on high client satisfaction and employee retention rates while fostering a supportive and engaging work culture. NightOwl Consulting supports businesses by recruiting, training, and managing dedicated teams for various industry sectors, ensuring enhanced productivity at a significantly reduced cost.

51 - 200 employees

🤝 B2B

🎯 Recruiter

☁️ SaaS

📋 Description

• Perform thorough audits of conventional and FHA loan files for completeness and compliance. • Verify documentation according to DU/LP findings or DE Underwriter requirements, including: • Credit Explanation Letters • Verification of Rent and Mortgage Payments • Verbal and Direct Verifications of Employment (VVOE/VOE) • Paystubs, W-2s, IRS Tax Returns, and Transcripts • Financial Statements and Profit & Loss Statements**Bank Statements and Verification of Deposit**Gift Letters with donor and fund details • Audit final loan package items such as: • Signed Note and Mortgage documents**Property Survey and Warranty Deed • Homeowner’s and Flood Insurance documentation • HUD Forms: 92900LT and Addendum 92900A • Final URLA/1003 documents • Confirm accuracy of appraisal acknowledgment and pest inspection reports (when applicable). • Review Title Policy, Commitment, and Closing Protection Letters. • Ensure Lock-in Agreements and Loan Commitments are documented. • Validate compliance with consumer disclosures (e.g., Credit Score Notice, Counseling Agency List). • Prepare and maintain detailed audit reports highlighting missing or incomplete items. • Communicate discrepancies or deficiencies to the appropriate departments for correction.

🎯 Requirements

• Proven experience in mortgage quality control, underwriting, or loan processing. • Strong knowledge of Fannie Mae (DU) and Freddie Mac (LP) automated underwriting systems. • Familiarity with HUD/FHA loan documentation and compliance standards. • Deep understanding of mortgage documentation requirements and investor guidelines. • Excellent attention to detail and strong organizational/time management skills. • Effective verbal and written communication abilities. • Ideal candidate has worked with brokers or a 3rd party processing company, however, this is not required.

🏖️ Benefits

• Above market salary • HMO on Day 1 for principal and two dependents • Government-mandated benefits • Performance-based Incentives • Quarterly Company Events • 1,000 PHP De Minimis • Equipment and software provided