Capital One Home Loans Principal QA Analyst in Plano, Texas
Plano 3 (31063), United States of America, Plano, Texas
Home Loans Principal QA Analyst
A great opportunity exists for an ambitious and passionate individual to join our team as an Underwriting QA Rep. You will be responsible for performing reviews of customer Mortgage transactions to ensure adherence to Compliance and Regulatory requirements, provision of accurate information, and complete fulfillment of service obligations.
Perform review of customer mortgage transactions to ensure accuracy and quality of the data as well documenting any findings
Ensure compliance guidelines are met with all Capital One and regulatory requirements
Perform mortgage credit analysis, with or without the assistance of automated underwriting system, to determine borrower’s willingness and ability to repay the mortgage debt. This is done by reviewing the credit package to determine mortgage amount and term, calculating required investment, determining assets available for closing, analyzing credit history, calculating proposed monthly housing expense and recurring debt.
Perform Income calculations using borrower provided data including paystubs and tax returns.
Review of HUD-1 settlement statements prepared by third party vendors in connection with loan closings.
Partner with Quality Assurance Team Leader in development and execution of policies and procedures and review checklists
Partner with Quality Assurance Specialist to research existing operational processes and monitor risk
Ability to work independently and meet stringent deadlines
Must be detailed oriented with strong organizational skills
High School diploma, GED, equivalent certification, or military experience
At least 2 years of experience in Mortgage Operations
At least 1 year of experience following federal compliance regulations (RESPA, TIL, GFE)
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.