Mortgage Risk Quality Control Specialist
Regions Financial Corporation, Hoover, AL, United States
Business Unit Quality Control Specialist provides quality control oversight and supports sampling specific decisioning to ensure a business group’s adherence to internal procedures and regulatory guidelines. The role ensures compliance with internal procedures, regulatory guidelines, and laws.
Primary Responsibilities
Performs a review of specific business activities to ensure policies and procedures were followed and documents were appropriate and executed properly
Reviews assigned samples and determines if associates followed the departmental procedures, Regions’ policies and Federal and State regulations
Applies knowledge of the Business Unit’s system of record for completeness and accuracy
Completes reviews ensuring applicable compliance oversight is documented in the system
Enters final decision along with supporting information into the Quality Control System communicating results to internal business groups for feedback
Assists in problem solving, researching and formulating responses to the business group due to errors for regulatory ineffectiveness
Ensures compliance to department, agency, bank and federal guidelines and procedures to mitigate risk
Works under limited direction and/or supervision
This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.
Requirements
High School Diploma or GED
Seven (7) years of quality control, quality assurance, compliance, audit, banking, underwriting or related experience
Preferences
Previous quality control experience
Skills and Competencies
Ability to learn regulations impacting a specific line of business
Ability to multi-task and set priorities
Ability to research, review information, and summarize facts
Ability to work under pressure and meet deadlinesAdvanced in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Advanced knowledge of areas of support
Detail oriented
Knowledgeable of all applicable regulations, agency guidelines and laws governing the business groups supported
Knowledgeable of bank systems and tools to perform reviews in quality control
Proficient verbal, written communication, and organizational skills
Additional Job Description
Execute series of Consumer Real Estate Origination/Fulfillment quality control audits, on a sample basis, to ensure effectiveness of processes / transactions are being conducted as intended and in alignment with operational and compliance risks
Cite exceptions, as needed, and perform trend analysis on key exceptions to ensure recurring issues are identified and escalated
Ensure compliance with investor quality control requirements
Monitor HMDA Data Quality and support quarterly filings to include data cleanup and system change requests as needed
Preferred skills in Real Estate Underwriting product requirements
This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target
Minimum: $50,500.00 USD
50th Percentile: $63,650.00 USD
Incentive Pay Plans
This job is not incentive eligible.
Location
Hoover, Alabama
Equal Opportunity Employer/including Disabled/Veterans
#J-18808-Ljbffr
Primary Responsibilities
Performs a review of specific business activities to ensure policies and procedures were followed and documents were appropriate and executed properly
Reviews assigned samples and determines if associates followed the departmental procedures, Regions’ policies and Federal and State regulations
Applies knowledge of the Business Unit’s system of record for completeness and accuracy
Completes reviews ensuring applicable compliance oversight is documented in the system
Enters final decision along with supporting information into the Quality Control System communicating results to internal business groups for feedback
Assists in problem solving, researching and formulating responses to the business group due to errors for regulatory ineffectiveness
Ensures compliance to department, agency, bank and federal guidelines and procedures to mitigate risk
Works under limited direction and/or supervision
This position requires the tracking of time and is eligible for overtime hours worked in excess of 40 per week under the Fair Labor Standards Act.
Requirements
High School Diploma or GED
Seven (7) years of quality control, quality assurance, compliance, audit, banking, underwriting or related experience
Preferences
Previous quality control experience
Skills and Competencies
Ability to learn regulations impacting a specific line of business
Ability to multi-task and set priorities
Ability to research, review information, and summarize facts
Ability to work under pressure and meet deadlinesAdvanced in Microsoft Office (Excel, Word, PowerPoint, Outlook, etc.)
Advanced knowledge of areas of support
Detail oriented
Knowledgeable of all applicable regulations, agency guidelines and laws governing the business groups supported
Knowledgeable of bank systems and tools to perform reviews in quality control
Proficient verbal, written communication, and organizational skills
Additional Job Description
Execute series of Consumer Real Estate Origination/Fulfillment quality control audits, on a sample basis, to ensure effectiveness of processes / transactions are being conducted as intended and in alignment with operational and compliance risks
Cite exceptions, as needed, and perform trend analysis on key exceptions to ensure recurring issues are identified and escalated
Ensure compliance with investor quality control requirements
Monitor HMDA Data Quality and support quarterly filings to include data cleanup and system change requests as needed
Preferred skills in Real Estate Underwriting product requirements
This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target
Minimum: $50,500.00 USD
50th Percentile: $63,650.00 USD
Incentive Pay Plans
This job is not incentive eligible.
Location
Hoover, Alabama
Equal Opportunity Employer/including Disabled/Veterans
#J-18808-Ljbffr