The QC Specialist will perform pre-fund audits to ensure loans meet investor and regulatory compliance rerform preequirements.
Conducts daily pre-fund audits to confirm file conforms to investor and regulatory compliance requirements and to ensure that they are applied consistently and that the review results accurately reflect the quality of our loan originations.
Manages and maintains monthly the Reverification Management Spreadsheet; prepares reverifications for assets, income/employment, and 4506-T’s and tracks delivery and receipt.
Monitors Pre-Fund Quality Control System throughout the day to identify and select higher-risk loans for review.
Maintains a working knowledge of regulatory and agency updates and changes
Completes Post-Close audit selection process and prepares files for electronic submission to third party vendor.
Required Education: High School Diploma or GED
Required Work Experience: 3-5 years related current mortgage experience
Technology Skills: Proficient in MS Office Suite, Familiar with FileZilla FTP Client, OnBase Imaging, Encompass would be a plus
Required skills or traits for the position: Analytical, investigative, detail oriented, verbal and written communication
About Iowa Bankers Mortgage Corporation
In our 125-year history, the Iowa Bankers Association (IBA) has been dedicated to serving Iowa banks and their employees. As the voice of Iowa’s banking industry, the Association serves more than 95 percent of banks and savings institutions in the state. The IBA and our affiliate companies – Iowa Bankers Insurance and Services, Inc., Iowa Bankers Mortgage Corporation and IBA Securities – provide services that allow banks to better serve their communities and the state of Iowa. The Association contributes to the success of Iowa banks by providing legislative representation, education and training opportunities, regulatory compliance assistance and a host of other services. Member banks also benefit from the insurance, mortgage and securities brokerage services offered by the IBA’s affiliate companies.