Jobs at MetaOption, LLC
Quality Assurance Officer and Loan Operations Vendor Liaison
Location: El Monte, CA
Type: Full Time
Min. Experience: Experienced
Quality Assurance Officer and Loan Operations Vendor Liaison
Position Type - Banking Operations/Back Office - Full-Time
Overview
The Quality Assurance Officer and Loan Operations Vendor Liaison responsibilities include identification of risk and remediation, designing Quality Assurance review process for internal processes and Third Party vendor processes. This position will perform Quality Assurance reviews and prepare internal QA reports reflecting the results of the test work performed. Work performed will include coverage of Loan Operations and Third Party Vendors which support Loan Operations, with focus on compliance/regulatory and operational processes including identifying process gaps, root cause analysis and recommending remediation. This position will also have responsibility for Process Improvement and Project Management. The Risk Management Officer must stay current with all applicable regulatory changes and internal policy updates to ensure that Loan Operations is and continues to operate in a compliant manner with all such requirements. The Risk Management Officer will work closely with the Loan Operations leadership teams and regularly interact with the Bank’s corporate compliance and internal audit teams.
Responsibilities
Third Party Vendor liaison for the Loan Operations management teams, including support with new contract requirements, vendor site visits and collecting required data for on-going review and risk mitigation.
Perform self-testing for all compliance/regulatory, operational and Third Party Vendor Loan Operations processes and internal audit and compliance exceptions including identifying process gaps, root cause analysis and recommending remediation
Creation of attributes for compliance/regulatory and operational processes
Collaborate with Loan Operations Managers and perform walk through with assigned employees to obtain a full understanding of their operational processes
Use spreadsheets and databases to maintain detailed records
Recommend necessary changes within the Loan Operations processes and applicable policies due to changes in lending requirements
Work with Quality Assurance Manager to create and validate remediation plans
Quality Assurance liaison with Compliance and Internal Audit
Provide updates and training to staff on new process improvements
Provide Project Management oversight for process improvement
Ensure all Loan Operations’ Internal Procedures are updated with new regulations and/or process changes
Assist Loan Operations Managers with procedure writing
Research compliance related topics
Provide updates and training to the staff on new and upcoming regulation changes
Provide assistance and support to Quality Assurance Analyst(s) as needed
Assist Quality Assurance Manager in developing Quality Assurance Program
Review and update the Risk assessments as applicable, including sending out the annual Questionnaire on QA processes and gathering relative information
Qualifications
Bachelor Degree in Finance, Accounting, Business Administration, or Economics
Minimum 10 years of experience in the loan servicing and/or mortgage industry
Minimum 5 years in a quality assurance role, compliance and/or audit within the loan operations business
CRCM (preferred)
Proficient in all lending compliance regulations
Third-Party Servicer provider experience preferred
Strong verbal and written communication skills
Strong Analytical skills with ability to recommend new processes to mitigate risk
Effective leader with strong project management skills
Knowledgeable in the areas of controls and Loan Operations risk
Proficient with Microsoft suite of office products, including Word, Excel, PowerPoint & Visio
Firm understanding of current residential mortgage servicing requirements
Excellent problem solving and decision making skills
Prior experience dealing with regulators (preferred)
Position Type - Banking Operations/Back Office - Full-Time
Overview
The Quality Assurance Officer and Loan Operations Vendor Liaison responsibilities include identification of risk and remediation, designing Quality Assurance review process for internal processes and Third Party vendor processes. This position will perform Quality Assurance reviews and prepare internal QA reports reflecting the results of the test work performed. Work performed will include coverage of Loan Operations and Third Party Vendors which support Loan Operations, with focus on compliance/regulatory and operational processes including identifying process gaps, root cause analysis and recommending remediation. This position will also have responsibility for Process Improvement and Project Management. The Risk Management Officer must stay current with all applicable regulatory changes and internal policy updates to ensure that Loan Operations is and continues to operate in a compliant manner with all such requirements. The Risk Management Officer will work closely with the Loan Operations leadership teams and regularly interact with the Bank’s corporate compliance and internal audit teams.
Responsibilities
Third Party Vendor liaison for the Loan Operations management teams, including support with new contract requirements, vendor site visits and collecting required data for on-going review and risk mitigation.
Perform self-testing for all compliance/regulatory, operational and Third Party Vendor Loan Operations processes and internal audit and compliance exceptions including identifying process gaps, root cause analysis and recommending remediation
Creation of attributes for compliance/regulatory and operational processes
Collaborate with Loan Operations Managers and perform walk through with assigned employees to obtain a full understanding of their operational processes
Use spreadsheets and databases to maintain detailed records
Recommend necessary changes within the Loan Operations processes and applicable policies due to changes in lending requirements
Work with Quality Assurance Manager to create and validate remediation plans
Quality Assurance liaison with Compliance and Internal Audit
Provide updates and training to staff on new process improvements
Provide Project Management oversight for process improvement
Ensure all Loan Operations’ Internal Procedures are updated with new regulations and/or process changes
Assist Loan Operations Managers with procedure writing
Research compliance related topics
Provide updates and training to the staff on new and upcoming regulation changes
Provide assistance and support to Quality Assurance Analyst(s) as needed
Assist Quality Assurance Manager in developing Quality Assurance Program
Review and update the Risk assessments as applicable, including sending out the annual Questionnaire on QA processes and gathering relative information
Qualifications
Bachelor Degree in Finance, Accounting, Business Administration, or Economics
Minimum 10 years of experience in the loan servicing and/or mortgage industry
Minimum 5 years in a quality assurance role, compliance and/or audit within the loan operations business
CRCM (preferred)
Proficient in all lending compliance regulations
Third-Party Servicer provider experience preferred
Strong verbal and written communication skills
Strong Analytical skills with ability to recommend new processes to mitigate risk
Effective leader with strong project management skills
Knowledgeable in the areas of controls and Loan Operations risk
Proficient with Microsoft suite of office products, including Word, Excel, PowerPoint & Visio
Firm understanding of current residential mortgage servicing requirements
Excellent problem solving and decision making skills
Prior experience dealing with regulators (preferred)
