Mortgage Quality Control Underwriter

First State Bank is seeking a Mortgage Quality Control Underwriter. This position will be remote with a home base location out of our West Clay office in St. Charles, MO. If you are detail oriented with experience in analysis, compliance, or processing related to quality control in the mortgage industry, this may be a good fit for you!

40 hours per week.


Full Time benefits will apply, including; medical, dental and vision insurance, paid time off, 401k, ESOP and more!

Duties and Responsibilities:

The Mortgage Quality Control Underwriter will perform all duties required for this position by following policies and procedures set forth by First State Bank, including, but not limited to:

• Conducts Pre-closing audits of mortgage loans, identifying deficiencies related to agency, investor, or internal requirements, to prevent closing with significant defects such as misrepresentation, inaccurate data or inadequate documentation.
• Conducts Post closing audits mortgage loans, identifying deficiencies related to agency, investor, regulatory, or internal requirements, to identify defects in the loan manufacturing process from which actionable remediation plans are implemented.
• Completes independent calculation and analysis of key aspects of mortgage file, including but not limited to, compliance requirements, loan-to-value and debt-to-income ratios, employment/income, assets, credit, liabilities, and collateral.
• Completes independent unbiased validation and re-verification of data/documentation relied upon during the loan decision, including when necessary, ordering desk and field review appraisals.
• Evaluates decision made by origination underwriter and completion of other required items attributable to various business units, including but not limited to processing and closing.
• Accurately and thoroughly communicates audit findings for each file reviewed, including completion of checklists, within QC Software or other method determined by department manager.
• Complete all required compliance training and complies with the Bank Secrecy Act and Anti-Money Laundering Act as well as all regulations which apply within the scope of the position.

Qualifications:

• High school diploma or general education degree (GED) required.
• Associate's degree (A.A.) or higher preferred.
• Minimum 2 years' recent experience in residential mortgage lending quality control and/or origination underwriting, or 5 or more years' residential mortgage processing experience with current or past credit decisioning authority, is required.
• Experience processing, underwriting, or performing quality control on conventional and government loan types is required.
• Experience with Encompass Loan Origination System and ACES QC Software is preferred.
• Understanding of regulatory compliance applicable to mortgage lending including TILA, RESPA, ECOA, FCRA and other applicable laws.
• Strong knowledge of Fannie Mae/Freddie Mac guidelines is required along with a firm comprehension of Desktop Underwriter ("DU"), and Loan Product Advisor ("LPA") Findings Summaries/Feedback Certificates.

For more information about First State Bank, please visit our Career's Page:


As a condition of employment, all new hires will be required to complete a background check and drug testing.

First State Bank is an Equal Opportunity Employer, including protected veterans and individuals with disabilities.