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Who we are:
Shape a brighter financial future with us.
Together with our members, we’re changing the way people think about and interact with personal finance.
We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
The Role:
The Mortgage Quality Control Analyst is responsible for ensuring the accuracy and compliance of mortgage loans with regulatory standards and company policies. This quality control position supports the Prefunding Quality Assurance team. The role involves thorough review and analysis of loan files, identifying potential risks, and recommending corrective actions to ensure the quality of loan originations.
What You’ll Do:
Conduct comprehensive audits of mortgage loan files to ensure compliance with federal, state, and investor guidelines.
Review loan documentation for accuracy, completeness, and adherence to underwriting standards.
Ensure loans meet established guidelines and regulatory requirements, including Fannie Mae, Freddie Mac, FHA, VA, and other investor standards.
Identify discrepancies and potential risks in loan files and provide detailed reports on findings.
Collaborate with underwriting, processing, closing teams, and other relevant parties to rectify identified issues.
Provide support and guidance to underwriters and processors on underwriting criteria and requirements.
Take part in the development and implementation of quality control plans and procedures. Participate in evaluating current loan review processes and provide feedback and recommendations to increase efficiency and risk management capabilities.
Stay updated on changes in mortgage regulations, underwriting guidelines, and industry best practices. Complete monthly training on key underwriting topics and quality matters.
Maintain detailed and accurate records of quality control audits and supporting documentation in the LOS (Encompass) and quality management system (ACES)
Prepare and present quality control reports to management.
Assist in the development of corrective action plans and monitor their implementation.
What You’ll Need:
Bachelor’s degree in finance, Business Administration, or a related field (or equivalent work experience).
Minimum of 3-5 years of experience as a residential mortgage underwriter or mortgage quality control underwriter.
Strong knowledge of federal and state mortgage regulations and investor guidelines, including Fannie Mae, Freddie Mac, FHA, and VA guidelines.
Excellent analytical skills and attention to detail.
Proficient with Encompass mortgage loan origination system.
Strong communication and interpersonal skills.
Ability to work independently and as part of a team.
Proficient with quality control software ACES preferred.
FHA DE and VA LAPP/SAR certifications are preferred.
Top Skills
What the Team is Saying
What We Do
For over a decade, SoFi has helped transform the Fintech industry by creating financial products and services that help people borrow, save, spend, invest, and protect their money better, so they can achieve financial independence and realize their ambitions. Whether it’s owning a home, saving for retirement, paying off their student loans, or helping our members invest - SoFi is there every step of the way. Want to learn more about how it works? Check it out here: https://www.sofi.com/how-it-works/
Our core values are at the center of how we help our millions of members get their money right. They are our guiding principles for how we think about serving our members, building our company, and most importantly, how we work together. At SoFi, it’s not just what we do - but how we do it.
SoFi is also proud to be the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams.
For more information, visit SoFi.com
Why Work With Us
Together with our members, we’re changing the way people think about and interact with personal finance. We’re a next-generation Fintech company using innovative, mobile-first technology to help our members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront.
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Employees engage in a combination of remote and on-site work.
For the majority of our workforce who work on a hybrid schedule, the in-office requirement is a handful of days per month!
