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Newfi Lending · 1 hour ago

QC Specialist

United States

Full-time

Remote

Senior Level

5+ years exp

Newfi Lending is a rapidly growing company focused on innovative lending solutions. The QC Specialist plays a critical role in ensuring the integrity and accuracy of loan production by supporting the QC process through audits, reporting, and collaboration with various departments.

BankingFinanceFinancial ServicesMortgage

Responsibilities

Oversee 10% audit of closed loan volume monthly, conducted by vendor

Ensure audits focus solely on underwriting accuracy

Calculate volume based on previous month and round percentage up

Select 10% of monthly closed volume for QC review, rounded up

Coordinate with vendor for audit completion, review findings, and collaborate with responsible parties to cure errors

Personally conduct audits on 10% of monthly closed volume

Include early payment defaults (EPDs), repurchase-related files, or any specific areas requiring attention

Review loans flagged by management due to issues in Pre-doc QC, EPDs, repurchase requests, or other concerns

Conduct internal audit on 10% of vendor-completed random reviews

Identify and report discrepancies to vendor management

Review 10% of adverse action files, including Denied, Withdrawn, and Canceled loans

Create and maintain monthly reports on prefunding, random, discretionary, vendor, and trouble loan reviews

Prepare quarterly summary reports detailing error rates, audit volumes, and trends for senior management

Provide timely QC data and findings to Legal and stakeholders as needed

Update vendors on changes to Newfi’s underwriting guidelines

Ensure the Quality Control Plan remains accurate and compliant

Assist Shipping and Post-Closing departments as needed

Qualification

Mortgage quality controlNon-QM guidelinesUnderwriting practicesLOS platformsQC softwareMicrosoft ExcelAnalytical skillsAttention to detailCommunication skillsProblem solving