The Compliance Underwriter is responsible for performing compliance reviews within the TRID 3.0 and TRID 1.0 scopes to ensure federal and state regulatory requirement and guidelines are met. Responsible for compliance underwriting, due diligence, portfolio analysis, and compliance review projects.
This position is classified as a Transactional Employee (TE). Transactional Employees are assigned to work on an “as needed” or project basis. The variable nature of the transactional role cannot guarantee a 40-hour work week. Transactional employees are typically designated to work on a deal or a particular client assignment. At times, work may be reduced, and there may be occasional periods of no work. Efforts will be made to assign work, but work is entirely dependent on client needs.
Essential Functions
- Review and capturing loan data from mortgage documents including but not limited to Mortgage, Note, Right of Rescission, Loan Estimate, Closing Disclosure, Good Faith Estimate, 1003, appraisal, etc.
- Review Hud-1, Closing Disclosures, Loan Estimates, TIL and other mortgage disclosures for completeness and accuracy
- Analyzing and capturing settlement fees for state and federal testing
- Identifying potential problems within the underwriting administrative process and identifying compliance irregularities within the loan file
- Manage individual workflow to ensure daily volume and quality goals are met
- Evaluating the disclosure process including but not limited to the delivery, timing, required verbiage, execution and completeness of all State and Federal documentation.
Education
- HS Diploma/GED
- Associate/Technical Degree Preferred
Experience
- 1+ years in any area of the residential mortgage industry with familiarity of mortgage origination documents
- 1 year experience in mortgages required
- 1+ year of compliance reviews preferred.
Essential Knowledge, Skills & Abilities
- Proficient in reviewing TRID loans originated Post 10/3/2015, with the approved 1.0 Scope and/or 3.0 Scope
- Preferred knowledge of TRID Documents
- Strong commitment to customer service and satisfaction;
- Excellent time management skills;
- Excellent verbal and written communication skills;
- Ability to work in a fast-paced, metrics driven environment.
- Strong analytical and problem-solving skills.
- Ability to prioritize multiple objectives to meet client deadlines and department goals.
- Proficient knowledge of Microsoft Office Suite, including Word, Excel, and PowerPoint.
- Commitment and ability to cultivate a diverse and inclusive work environment.
Compensation and Benefits
- Covius offers an extensive benefits package for all employees, including medical, dental, vision and 401k!
- Compensation: $23.00 to $28.00 / hour
Application Guidelines:
For best consideration, please submit your resume and application materials by DATE. Review of applications will begin immediately.
Working Conditions
Work is performed in a climate controlled indoor administrative office setting. The noise level in the work environment is usually quiet to moderate, depending upon the office or meeting location.
Physical Demands and Activities
While performing the duties of this job, the employee is frequently required to communicate. The employee frequently is required to remain stationary. The employee is occasionally required to move about the office, operate a computer and other office machinery, such as calculator, copy machine, and computer printer; occasionally position self to maintain files; occasionally moves boxes weighing up to 10 lbs. Close and distance observation required with ability to observe objects at close range in presence of glare or bright lighting (e.g., computer screen). Must possess the ability to communicate information and ideas so others will understand and have the ability to interact with external and internal stakeholders.
Covius is committed to equal opportunity in all employment practices to all qualified applicants and employees without regard to race, color, religion, gender, gender identity, age, national origin, pregnancy, disability, genetics, marital status, military or veteran status or any other protected category as established by local, state, and federal law. This policy applies to all aspects of the employment relationship including recruitment and hiring, placement, promotion, transfer, compensation, disciplinary action, layoff, leaves of absence, training, and termination. All such employment decisions will be made without unlawful discrimination based on any prohibited basis.
The essential functions, working conditions and physical demands described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.
Please note that all job descriptions are not intended to be all-inclusive. This job description is not designed to cover all activities, duties or responsibilities that are required of the employee for this job. Employees may be required to perform other duties at any time with or without notice to meet the ongoing needs of the organization.
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