Plaza Home Mortgage, Inc., a national wholesale and correspondent mortgage company headquartered in San Diego, California, has a full-time opportunity for a Quality Assurance Auditor to join our Corporate Team!
Founded in 2000, Plaza Home Mortgage, Inc. is a privately owned, full-service national lender, offering Wholesale, Correspondent, Renovation and Reverse residential mortgages. Headquartered in San Diego, California, Plaza maintains a network of Operations Centers and employs mortgage associates nationwide. Plaza is dedicated to building quality, long-term relationships with its mortgage broker and correspondent clients by offering comprehensive programs and exceptional customer experience.
PRIMARY PURPOSE OF JOB AND CONTRIBUTION TO ORGANIZATION:
The Quality Assurance Auditor will focus on broad issues that govern quality at Plaza. This position is responsible for auditing and re-underwriting loan files to ensure all loans meet the standards established by the company, investors, and regulators.
ESSENTIAL TASKS AND RESPONSIBILITIES:
Must comply with all BSA/AML requirements as well as any mandatory changes. The following job functions are not all-inclusive. The associate will be required to perform other job-related tasks/responsibilities requested by the manager. Job duties may change as required by needs of company. Must complete all required industry and compliance training as required by Plaza Home Mortgage.
- Review file documentation to ensure that the underwriter’s decision for approval meets all guidelines and supports delivery of an eligible loan with a final recommendation on the review.
- Review to include recommendations on the submitting broker / correspondent lender and tracking of defects.
- Validate loan application, disclosures, credit, liabilities, income, asset documentation, purchase contract, title appraisal, and AUS findings using various web-based tools.
- Review and investigate red flags, alleged misrepresentation, alleged fraudulent findings, signature irregularities, and missing or incomplete documentation which potentially effects the salability of the loan.
- Complete an audit summary of findings to include pertinent loan information, defects, inaccuracies, compliance concerns, red flags, and possible misrepresentations (undisclosed properties and liabilities, 3rd party originations, and NMLS defects).