Mortgage QC Underwriter
Capital One - Wilmington, DE

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About Us
Join one of Capital One’s fastest growing lines of business -- Capital One Home Loans. Here, you’ll find energized, positive people all working together to accomplish one goal – customer satisfaction. At one of the “100 Best Companies to Work For,” you’ll also see a rewarding work environment where your ideas really can make a difference. With many opportunities to develop new skills and great benefits like educational assistance available, you’ll wonder what took you so long to get here.

Summary:
Manages, monitors, tracks and resolves daily user requests and issues within designated service level agreements. Recommends and implements changes to new and/or existing processes or procedures.

Responsibilities:
- Responsible for assisting the Quality Control Department in meeting Regulatory requirements and mitigating risk as it relates to Mortgage lending.
- Responsible for re-underwriting loans based on high-risk characteristics to determine if investor guidelines were met, if sound underwriting practices were made and determine if corrective actions are warranted based on audit results.
- Responsible for completing comprehensive examinations of channels; Retail and/or Wholesale and Broker business to ensure collateral integrity, documentation accuracy and completeness as well as credit quality.
- Analyze the risk level of loans reviewed and completed by underwriter.
- Identify and work through alternatives for loans that fall outside of guidelines.
- Demonstrate the ability to translate underwriting guidelines with application of mitigating factors, when applicable, to ensure proper salability to investors.
- Some communication both in writing and orally with third party stakeholders and clients as needed.
- Review high low risk flags from data alerts to clear variances.
- Consistently meet established productivity and quality measurements on a consistent basis
- Perform other duties within Quality Control, as needed

Qualifications

Basic Qualifications:
- High School Diploma, GED, Equivalent Certification, or Military experience
- At least 3 years experience in automated underwriting systems to include FNMA’s Desktop Underwriter and FHLMC’s Loan Prospector
- 2 years of experience underwriting/knowledge of FNMA/FHLMC/FHA/VA programs and underwriting guidelines, as well as those of other conventional investors, state/local bond programs and private mortgage insurers
- Proficient in Microsoft Office

Preferred Qualifications:
- DE and VA LAPP/SAR
- Previous Quality Control experience
- Demonstrate excellent communication skills (verbal and written)
- Demonstrate strong attention to detail, strong analytical skills and sound decision making ability.
- Extensive experience with interacting with other departments and third parties
- Experience in managing multiple priorities and meeting deadlines
- Proven follow up and organizational skills

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
No agencies please.

Capital One is an equal opportunity employer committed to diversity in the workplace.
Capital One promotes a drug-free work environment.


Job Mortgage
Primary Location United States-Delaware-Wilmington-Wilmington - Oliver Evans (18222)

Schedule Full-time
Travel No
Job Posting
Unposting Date

Capital One - 9 months ago - save job - block
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