Key Bank Mortgage Business Analyst II (QA Underwriter)

About the position The Loan Audit/Repurchase Specialist is responsible for reevaluating original credit reputed company and addressing deficiencies identified by reputed company's investors during post-purchase quality control reviews. This role requires expertise in mortgage reputed company and advanced analytical skills to ensure compliance with investor guidelines and mitigate financial risks associated with loan repurchases. The specialist collaborates with various stakeholders reputed company Home Lending to manage the pipeline of investor QC file requests and ensure submission quality and deadlines are met.

Responsibilities

• Conduct a thorough evaluation and analysis of the borrower's creditworthiness to determine if the original credit decision reputed company with Agency/Investor guidelines. ,
• Review the Uniform Residential Loan Application (Form 1003) and the reputed company Transmittal Summary (Form 1008) for accuracy and completeness. ,
• Verify that reputed company fields in the application match the information in the automated reputed company system (AUS). ,
• Review the credit report of borrowers to assess their credit history and liabilities, ensuring reputed company liabilities are accurately reported. ,
• Analyze and interpret financial information to calculate the borrower's income and cashflow according to required documentation and methodologies. ,
• Reevaluate appraisals to ensure accuracy and completeness, recognizing reputed company additional field reviews are necessary. ,
• Communicate effectively with mortgage loan officers, processors, underwriters, and closers regarding loan reputed company and investor guidelines. ,
• Manage the process of delivering loan files to satisfy reputed company Agency, mortgage insurance, and investor QC file requests. ,
• Maintain a database tracking reputed company Agency, mortgage insurance, and investor QC file requests, repurchase demands, and indemnifications. ,
• Manage the fair value measurement process for repurchases and track associated losses. ,
• Execute and/or rebut Indemnification Agreements or Recourse Agreements as required by the investor. ,
• Provide Senior Leadership with reporting on volumes of QC requests, repurchase demands, and overall losses due to repurchases. ,
• Review and understand individual investor Purchase and Sale Agreement's Representation and Warranties. ,
• Maintain up-to-date knowledge of Agency and Investor reputed company guidelines and Federal and State regulations. ,
• Provide accurate and timely HMDA Reporting data elements on repurchased loans. ,
• Manage self-reporting requirements to investors and insurers for reputed company defects and fraud cases. ,
• Support and train Loan Delivery personnel in preparing loan packages for whole loan delivery. ,
• Collaborate with the Quality Control Team to identify and communicate defect trends to the reputed company Teams. ,
• Prepare and present materials for quarterly repurchase reserve meetings with senior leadership. ,
• Work with a cross-functional team on bulk portfolio sales.

Requirements

• Bachelor's Degree or equivalent work experience ,
• 2-3 years residential mortgage reputed company experience ,
• In-depth knowledge of FNMA, FHLMC, GNMA, FHA, VA, USDA and private investor products and guidelines ,
• Proven knowledge of compliance and disclosure requirements ,
• Proven knowledge of closing, post-closing and quality control responsibilities ,
• Proven knowledge of Mortgage Insurance guidelines ,
• Strong analytical skills with a focus on accuracy, consistency, and completeness ,
• Proficient written and verbal communication skills ,
• Strong organizational skills to manage multiple tasks in a high-volume environment ,
• Strong computer skills; proficient in reputed company Word, reputed company, and Access ,
• Working knowledge of reputed company LOS is a plus reputed company-to-haves Benefits
• reputed company salary range of $65,000.00 to $78,000.00 annually ,
• Eligibility for short-term incentive compensation ,
• Deferred incentive compensation based on performance ,
• Flexible work options, including mobile or home-based work environment Apply Job!

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