Consumer Credit Risk QC Analyst

Location: Cincinnati
Posted on: November 20, 2024

Job Description:

GENERAL FUNCTION: A Consumer Credit Risk Analyst works as a leader among team of QC Analysts and performs a wide range of duties related to the re-underwriting of mortgage and consumer loans. The position is responsible for conducting the reviews post closing and will not have lending authority. Performs routine and targeted reviews of selected files to confirm that the loans have been originated in compliance with the BankÆs and investor underwriting requirements and the documentation standards and procedures set forth in the BankÆs Quality Control Program. In addition to routine reviews, the Analyst will be responsible for complex transactions including special investigations, targeted, and high-risk samples.

ESSENTIAL DUTIES & RESPONSIBILITIES:

(SEE ACTUAL JOB DESCRIPTION FOR ALL DUTIES AND RESPONSIBILITIES)

* Re-underwrites originated consumer real estate, non real estate and mortgage loans to confirm the transaction meets published Bank and Investor credit policy requirements. Description of re-underwrite includes:

o Mortgage and Consumer real estate audits consist of complete re-underwrite, specifically reviewing all items pertaining to the approval of the mortgage file. The underwrite includes, but is not limited to: Income calculation for wage earning or self employed borrowers, ratio calculations, data integrity, credit report review, red flag for fraud or misrep review, collateral appraisal review, title work and hud-1 figures. The underwrite includes review of company products and policies which also requires knowledge of archived or dated guidelines as QC review is performed on a lagged basis.

o Consumer business line auto, signature, and bank card audits consists of complete re-underwrites to determine if data was submitted accurately and is documented according to published policies and guidelines.

* QC Analyst is responsible for completing higher level audits on targeted loans which require more complex skills and knowledge.

* Performs re-verification of required documentation. Including (not limited to) completing verbal or written verifications of employment and deposit, ordering IRS transcripts, accessing and reviewing fraud prevention tools, updating credit reports, and appraisal reviews.

* Documents work and research performed. Prepares a clear, concise report of significant findings on a file-by-file basis and inputs these findings into the Quality Control database, to be distributed to appropriate internal parties.

o Responsible for assisting manager in the prioritization of work and delegation of tasks to ensure proper coverage of functions.

* Determines the potential causes of any deficiencies noted throughout the course of the audit. Tracks and escalates trending concerns to QC Manager or Director.

* Completes investigation referrals for submission to Bank Protection upon discovery of any suspicious activity. Assists in any follow up research to assist the investigation.

SUPERVISORY RESPONSIBILITIES: None

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