Description: NOTICE: JOB APPLICANTS LIMITED TO DC, MD, OR VA RESIDENTS. POSITION IS HYBRID. Please note that we are exclusively considering applicants residing in the District of Columbia, Maryland, or Virginia for all open positions.
Lafayette Federal Credit Union has earned the 2024 Top Workplaces award from USA Today!
Welcome to Lafayette Federal Credit Union Careers! Our organization is growing, and we are seeking top-notch individuals to provide support to our members. Our employees are a critical component in our endeavor to be the premier financial partner for every one of our members.
Do you have experience reviewing mortgage disclosures (including Loan Estimates, Closing Disclosures, and Residential Loan Applications) prior to being issued to borrowers?
Do you have experience investigating, and escalating deficiencies in loan quality through the mortgage process?
If so, then Lafayette Federal may have the perfect opportunity for you! We are currently seeking a Quality Assurance Specialist to join our dynamic team!
About Us
Our Difference:What makes Lafayette Federal cutting-edge? Lafayette Federal Credit Union is not only a great place to bank, but also a great place to work! We have been recognized nationally by (1) Newsweek’s America’s Best Bank’s list, (2) we’ve received a 5-star rating from Bauer financial, and (3) we’ve also ranked #12 in S&P Global’ s Top Performing Credit Union’s in 2022 for the second year in a row!
Our Culture: Lafayette Federal is about inclusion, diversity, high performance, and new opportunities. Teamwork and our sense of community also make Lafayette Federal a great place to work. Each person is valued for his or her unique set of skills. We share a common devotion to the people we serve, participating in charity events throughout each year and giving back to the community.
Our Opportunities: Professional development, training, and certification is a priority for our employees. We want you to reach your career goals and provide support that leads to opportunities of advancement within the industry.
About The Role
In the role of Quality Assurance Specialist, reporting to the Principal Vice President of Mortgage Lending, you will be responsible for assisting with the overall monitoring of operational quality by reviewing documentation related to the mortgage process to ensure accuracy and compliance in accordance with Lafayette Federal and regulatory guidelines.
Requirements
A day in the life of the Quality Assurance Specialist will include:
Reviewing mortgage disclosures (including Loan Estimates, Closing Disclosures, and Residential Loan Applications) prior to being issued to borrowers
Working collaboratively with department heads on the implementation and tracking of policies, procedures and processes, and the compliance of regulations
Investigating and escalating deficiencies in loan quality through the mortgage process
Reviewing the mortgage pipeline on a weekly basis to ensure accurate disposition of loan files in a timely manner, to meet HMDA and Reg B requirements
Monitoring incoming mortgage applications through the disclosure process and ensure regulatory and policy timeframes are met
Providing direct feedback to employees to aid in the refinement of existing quality, skills, and the development of new skills
Maintaining lending compliance including but not limited to: early disclosures and customer information procedures
Being responsible for compiling HMDA data, reviewing for and remediating errors and submitting to Principal Vice President of Mortgage Lending monthly
Aiding with investor sales, transfers, post-closing reviews, and funding
Attending mortgage quality and compliance related training sessions
Being responsible for understanding and complying on an accurate and timely basis with all Bank Secrecy Act/Anti-Money Laundering/OFAC requirements that pertain to your position at Lafayette Federal and as directed by management and/or the Senior Vice President of Risk Management,
Performing other duties as assigned by the Principal Vice President of Mortgage Lending and/or the Senior Vice President of Mortgage Lending.
Experience/Education
Minimum of five years of mortgage banking experience, preferably at a regulated financial institution
High School Diploma or equivalent required
A two year college degree or above preferred
Knowledge of the Mortgage Industry’s primary and secondary markets preferred
Calyx experience preferred
Working knowledge of MS Office applications including but not limited to Outlook, Word, Excel and other applications
Top Benefits Or Perks
Joining Lafayette Federal comes with perks to support you in your personal and professional journey.
We Provide Employees With a Generous Benefits Package Including
Employer paid (99.9%) health insurance premium for single and family coverage (HMO Plan)
Fully funded deductible (HMO Plan)
401k employer matching contribution
Income protection with life insurance, short and long-term disability
Paid time off & holiday leave
Educational assistance
Commuter benefits program and more!
The job posting highlights the most critical responsibilities and requirements of the job. It is not all-inclusive. There may be additional duties, responsibilities, and qualifications for this job.
Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer
EOE/AA/DISABILITY/VETERAN
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Quality Assurance
Industries
Banking
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