Quality Assurance plays a vital role across all mortgage products, services, and activities. Effective management of compliance risk is a fundamental element of regulatory risk oversight. The Quality Assurance department within EML functions as a second line of defense, performing independent and objective reviews of business processes, functions, and departments to determine the effectiveness of internal controls in managing compliance and procedural risks.
A QA Analyst primarily conducts detailed audits of loan files to ensure accuracy, completeness, and compliance with internal policies, regulations, and investor guidelines. Responsibilities include performing pre- and post-closing audits, identifying and reporting defects or discrepancies, documenting trends, and collaborating with management to implement corrective actions and process improvements across departments.
Core responsibilities:
· Conduct audits: Perform advanced reviews of mortgage loans.
· Review loan documentation: Independently analyze loan file components, including but not limited to credit reports, appraisals, title policies, and disclosures.
· Ensure compliance: Verify that loan files and processes adhere to federal, state, and investor regulatory guidelines as well as internal policies and procedures.
· Identify and report issues: Document and report errors, discrepancies, and potential risks in loan files or workflows.
· Collaborate on corrective actions: Partner with management to develop and implement action plans for identified issues.
· Document quality data: Prepare reports for management and document trends and error rates.
· Maintain expertise: Stay current on i-achieve assignments, EML process changes, and emerging QA requirements to serve as a subject matter expert.
Key activities and skills:
· Collaborate with teams: Participate in meetings, training, and feedback sessions. Demonstrate strong teamwork ethics and work respectfully with production, processing, underwriting, and compliance teams.
· Generate reports: Prepare daily, weekly, and monthly reports summarizing findings and metrics.
· Manage workflow: Balance multiple priorities and meet deadlines while maintaining accuracy and attention to detail.
· Utilize systems: Use loan origination systems and other tools to input data, perform audits, and document results.
· Use AI-powered tolls to streamline workflows and reporting.
Qualifications:
A successful QA Analyst will have a strong understanding of mortgage lending processes, including regulations and guidelines from FHA, VA, Fannie Mae, and Freddie Mac.
Key qualifications include:
· Minimum 2+ years of experience in mortgage quality assurance, loan processing, or underwriting.
· Strong attention to detail with analytical and problem-solving abilities.
· Proficiency in loan origination software and Microsoft Office (Excel required).
· Excellent written and verbal communication skills for reporting findings and collaborating with teams.
Education and experience:
· Experience: Requires some college and at least 2 years of experience in mortgage quality assurance preferred; prior loan processing and/or underwriting experience may substitute.
Technical and regulatory knowledge:
· Mortgage process: Deep understanding of the end-to-end mortgage lending process from origination through servicing.
· Guidelines and regulations: Familiarity with agency guidelines (FHA, VA, Fannie Mae, Freddie Mac) and federal/state regulations such as RESPA, TILA, Reg B, Reg Z, and HMDA.
· Software: Proficiency in Encompass E360 and Microsoft Office Suite; Excel proficiency is required.
· Loan calculations: Ability to perform complex calculations such as debt-to-income (DTI) and loan-to-value (LTV) ratios preferred.
Skills and abilities
· Attention to detail: Exceptional accuracy and thoroughness when reviewing documentation.
· Analytical mindset: Ability to interpret data, identify risks, and detect potential fraud.
· Systems thinking: Understand how one error can impact related processes or outcomes.
· Communication: Strong written and verbal communication to convey findings clearly.
· Problem-solving: Proactive approach to identifying and resolving issues efficiently.
· Time management: Strong organizational skills to manage multiple audits in a fast-paced environment.
· Teamwork: Ability to work independently while collaborating effectively with cross-functional teams.
Benefits:
· Medical, Dental and Vision Insurance - START DAY ONE!
· Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
· Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
· Paid Training, Paid Time Off (PTO) and Paid Federal Holidays, and any applicable state holidays
· 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
· Mental health benefits including coaching and therapy sessions
· Tuition Reimbursement for qualifying employees enrolled in an accredited degree program related to the needs of the business, maximum of $5,250 per calendar year, employees are eligible for the program upon hire
· Employee Ambassador preferred banking products