Loan Review Analyst
Digital Risk's mission to Make Mortgages Safe relies on the perfect blending of human experience and state-of-the-art technology to serve its workforce and clients.
Digital Risk's 1,500+ team members make us one of the largest mortgage outsource providers in the U.S., supplying appraisal and mortgage processing, underwriting and closing to the largest banks and loan originators.
Perform forensic underwriting review of closed mortgage loan files for compliance with applicable State and federal laws and adherence to specific lender guidelines with an emphasis on buy-back/put-back possibilities. This review includes identifying potential fraud and/or misrepresentation on the part of all interested parties to the transaction. Provide Quality Control Reviews for assigned associates.
Essential Job Functions:
Review and provide quality control feedback on loan files completed by assigned associates
Review employment documentation and re-calculate income documentation for completeness and accuracy per guideline requirements
Review and recalculate asset documentation per guideline requirements
Review title commitments and policies
Verify proper licensing of parties to loans being reviewed
Review and analyze borrower's mortgage applications, credit reports and related documents
Review and analyze real estate purchase contracts
Review state and federal disclosures for compliance
Analyze individual loan files and determine compliance with applicable lender guidelines
1+ years Agency underwriting experience with exposure to both manual and automated underwriting environments, or strong processing background with experience in clearing AUS conditions
Must have FNMA and or FHLMC conventional guideline knowledge
Written and verbal communication skills
Excellent time management skills with an emphasis on quality
Knowledge and understanding of transaction components that indicate a potential for fraud
Must be self-motivated, creative and able to work in a team environment while thinking independently and sharing knowledge and ideas
Must be able to multi task between multiple analytical projects
Strong computer skills