Qualified Mortgage Auditor

Qualified Mortgage Auditor

The QM Auditor is responsible for reviewing closed loans delivered for purchase to the client specific Correspondent Lending Division. The review consists of determining loan eligibility and compliance to Qualified Mortgage (QM) and Ability to Repay (ATR) guidelines.

Use Company systems (including LOS and OnBase) to review loans for compliance to QM and ATR guidelines and perform loan level data entry into Company systems on each loan reviewed to determine purchase eligibility while meeting production and quality standards.

Use Company systems to review and clear loan level suspense conditions.

Communicate with Lenders to answer questions, explain guidelines, and resolve loan level suspensions while demonstrating outstanding customer service levels.

Assist in review of monthly QA qualified mortgage related findings, analyzing trends, and reporting of data to Department Head. Participate in regular team meetings regarding trends, training, and updates to policies and procedures.

College degree from a 4-year institution or equivalent experience preferred.

Minimum 3 - 5 years of experience working in a mortgage banking operation preferred.

At least 1 year experience auditing closed loans at FAMC preferred.

Extensive knowledge of the Ability to Repay/Qualified Mortgage Rule.

Must be familiar with automated underwriting systems including Fannie Mae's Desktop Underwriter and Freddie Mac's Loan Prospector.

Cognizant will only consider applicants for this position who are legally authorized to work in the United States without requiring company sponsorship now or at any time in the future.

Cog2026

Cognizant (Nasdaq: CTSH) is an AI Builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization's unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at or @cognizant.

Compensation information is accurate as of the date of this posting. Cognizant reserves the right to modify this information at any time, subject to applicable law.

Language requirements vary depending on roles, but we ask that all candidates have basic English proficiency for company-wide communications purposes. For roles based in Quebec, professional English proficiency is required, as you'll deliver services to and collaborate with stakeholders outside the province who may not speak French.

Cognizant is an equal opportunity employer. Your application and candidacy will not be considered based on race, color, sex, religion, creed, sexual orientation, gender identity, national origin, disability, genetic information, pregnancy, veteran status or any other characteristic protected by federal, provincial or local laws.

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