Delegated Auditor (Remote)

Flagstar Bank FSB
Michigan, United States
Competitive salary
23 Feb 2021
25 Feb 2021
Job role
Job Summary
The delegated auditor performs document and data audits on delegated correspondent's loans prior to funding/purchase. The purpose of the document and data audit is to validate compliance adherence and the presence of required loan documents with some level of validation to adherence of underwriting guidelines, policies and procedures of the loans being delivered to Flagstar as eligible for purchase.

Job Responsibilities:

Completes a thorough, detailed review of mortgage loan file information obtained to ensure accurate documentation and results are in the file

Validate and correct loan data between system, AUS findings, and loan documents

Review complex loan transactions for all loan types (Conventional, FHA, VA)

Reviews discrepancies in data received. Requests clarification or additional documentation when required, and ensures proper and timely follow up if no response or resolution in 24 hours

Assist correspondent with questions, provide clarification of items needed when necessary

Job Responsibilities:
  • HS Diploma, GED or Foreign Equivalent
  • 1-3 years of mortgage Underwriting/auditing or related experience
  • Detail orientated
  • Excellent/Effective verbal and written communication skills
  • Ability to work independently or within a team environment
  • Professionalism and ability to handle sensitive and confidential issues
  • High level of customer service skills
  • General knowledge of FNMA, FHLMC guidelines; General knowledge of FHA and VA guidelines preferred
  • Understanding of compliance tolerances and cures and how to properly apply them
  • Understanding of federal, state and investor regulations specifically including knowledge of TILA and RESPA
  • Ability to effectively use/learn common technology
  • Adaptability and acceptance to change
  • Ability to work in a paperless environment and utilize automated workflow systems
  • Experience working in a measured production environment