Bank of the West Quality Control - Mortgage & Home Equity Post-Funding Auditor in Tempe, Arizona
Quality Control - Mortgage & Home Equity Post-Funding Auditor
At Bank of the West, our people are having a positive impact on the world. We’re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people’s lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we’re a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.
Job Description Summary
Through general management oversight, responsible for ensuring that all aspects of origination through funding meet quality control standards in accordance with investor, insurer, regulatory and Bank requirements and guidelines. Possesses thorough knowledge of function within the division at the appropriate level. May participate in department/business unit projects. Assists department members as necessary.
Essential Job Functions
Audits First Mortgage and HELOC loans prior to funding to ensure procedures, guidelines and regulations have been adhered to for both investor and portfolio loans. Loan products reviewed in Post-Funding Audit include, Portfolio, FNMA, FHA and VA.
Ensures activities are performed accurately, thoroughly, and in accordance with regulatory, operational risk requirements, and/or industry best practices; and activities meet timeframe standards.
Manages own work assignments under general supervision to complete self-assessments and other reviews/projects as assigned.
Participates in assessing Quality Control implications for new product, services and systems development.
Knowledgeable about industry best practices and systems.
Other Job Duties
Assists Management on special projects and mentors/trains new staff members.
Assists in developing and maintaining department policies and procedures in support of the Bank's Integrated Operational Risk Framework and/or industry best practices.
Assists with the testing of new specialized systems or systems upgrades.
Knowledgeable of applicable federal, state, investor and Bank of the West regulations and guidelines. Has an understanding of the impact of regulation and guidelines on the mortgage and HELOC portfolio and the bank.
Identify trends and provide feedback to business unit/division
Performs other duties as assigned.
This position requires a strong comprehension of FNMA, FHA and VA guidelines as well as be able to quickly learn and understand the Bank’s portfolio guidelines.
Requires 5 years minimum prior relevant experience in either underwriting or auditing of first mortgage and/or HELOC loans.
Requires advanced knowledge of job area typically obtained through advanced education combined with experience.
Practical knowledge of project management is preferred.
Knowledge of banking operational risk management and industry practices.
Knowledge of banking and related laws and regulations.
Experience in developing, writing, and communicating policies and procedures.
Audit or regulatory compliance experience.
Proficient with Microsoft Excel and Word
- High School Diploma or GED Required
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.
Location: United States-Arizona-Tempe
Other Locations: United States-Nebraska-Omaha
Requisition ID: 054958