Mortgage Quality Control and Compliance Analyst - Winston-Salem, NC at F.N.B. Corporation in Winston Salem, North Carolina

Job Description:

Primary Office Location:100 North Cherry Street, Suite 400. Winston-Salem, North Carolina. 27101.

Join our team. Make a difference - for us and for your future.
Position Title: Mortgage Quality Control and Compliance Analyst
Business Unit: Mortgage Administration
Reports to: Varies Based on Assignment

Position Overview:
This position is primarily responsible for assisting in meeting regulatory and investor quality control requirements and mitigating risk related to residential mortgage lending and servicing. The incumbent completes comprehensive examinations of channels and servicing data to ensure collateral integrity, documentation accuracy and completeness and credit quality. The incumbent produces comprehensive reports outlining the scope, sample size, audit findings and recommendations for corrective action based on internal guidelines. The incumbent researches compliance issues.

Primary Responsibilities:
Performs detailed residential underwriting and compliance analysis on loans in-process and post-closing for credit, compliance and documentation deficiencies and determines marketability of each loan.
Performs targeted underwriting analysis on more complex mortgages such as complex self-employed borrowers which pose higher credit risk.
Identifies areas that require targeted reviews, recommends further testing to the Mortgage Loan Quality Control Administrator and performs targeted reviews in accordance with the Quality Control Policy. Understands and comprehends Loan Origination policies, processes and technologies to effectively identify testing population and sample requirements.
Identifies and documents deficiencies, errors, omissions and fraud for each file reviewed. Consults with the Quality Control Coordinator to recommend a course of corrective action on potential material findings with respect to violations of investor and insurer guidelines, regulations, corporation policies and suspicious mortgage loan activity.
Acts as an active contributor (Subject Matter Expert) during implementation, monitors progress and documents completion of corrective action or training whichever may apply. Provides assistance and direction to mortgage production staff on issues regarding the corporation's lending policies, procedures and guidelines.
Analyzes data and assists in production of scheduled quality control reports and effectively communicates autonomously and concisely with business partners regarding the testing results and strength of controls.
Attends regular meetings with peers and manager to review findings, discusses and agrees on procedures and arrives at mutually agreed upon recommendations that will result in best practices within the production area.
Assists in mapping all investor requirements (including but not limited to HUD, FNMA, FHLMC, VA, FHLB, and USDA) to current quality control testing procedures and ensures all components are met and appropriately documented.
Performs detailed quality control reviews on servicing functions including cashiering, escrow accounting, flood compliance, ARM adjustments and conversions, payoffs, loss mitigation, bankruptcies, collections, foreclosure and general servicing as defined by the corporation and Government Servicing Entity's Service Level Agreements.
Researches regulatory compliance issues. Provides detailed explanation of how regulation affects mortgage origination and servicing. Solicits input from both external and internal subject matter experts to aid in producing working documents.
Performs other related duties and projects as assigned.
All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation's risk management program.
F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines. Compliance with regulatory laws and company procedures is a required component of all position descriptions.

Minimum Level of Education Required to Perform the Primary Responsibilities of this Position:
High School or GED

Minimum # of Years of Job Related Experience Required to Perform the Primary Responsibilities of this Position:
5

Skills Required to Perform the Primary Responsibilities of this Position:
Excellent organizational, analytical and interpersonal skills
Ability to work and multi-task in a fast paced environment
Detail-oriented
Ability to use general office equipment
Ability to use a personal computer and job-related software
MS Word - Expert Level
MS Excel - Expert Level
MS PowerPoint - Intermediate Level

Licensures/Certifications Required to Perform the Primary Responsibilities of this Position:
N/A

Physical Requirements or Work Conditions Beyond Traditional Office Work:
N/A .

It is the policy of F.N.B. Corporation and its affiliates not to discriminate against any employee or applicant for employment because of his or her race, color, religion, sex, sexual orientation, gender identity, national origin, or because he or she is an individual with a disability or disabled veteran, Armed Forces service metal veteran, recently separated veteran, or active duty wartime or campaign badge veteran. F.N.B. Corporation and its affiliates provide all applicants and employees a discrimination and harassment free workplace. Please Visit following page for important legal disclosures and information: https://www.fnb-online.com/disclosures