• Mortgage Ops Risk Analyst

    Location US-CA-Pasadena
    Job ID
    2018-6065
    Category
    Other
    Position Type
    Full-Time
  • Overview

    For more than 40 years, East West Bank has served as a pathway to success. With over 130 locations across the U.S. and Greater China, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities. And our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, high-tech and aviation help build sustainable businesses and expand our employees’ potential for career advancement.

     

    Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With assets of $38.1 billion, we’re ranked among the 30 largest banks in the United States and currently top 5 in “America’s 100 Best Banks” by Forbes, a list where we've consistently been in the top 15 since 2010. With a strong foundation, an enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.

     

    We are currently seeking a Mortgage Ops Risk Analyst.  This senior level position will be responsible for performing and conducting regulatory and compliance loan level reviews on conventional loans; originated and purchased as it relates to Residential and Commercial facets.  Overall knowledge and audit experience in various mortgage loan types: i.e., SFR, HELOC, Multi-Family - Funded and Non-Funded loan dispositions.

    Responsibilities

    • Strong analytical skills in reporting to management on loan level quality issues including ability-to-repay, regulatory, arid compliance adherence
    • Ensure QC audit review qualities are within acceptable risk parameters
    • Investigate responses and rebuttals to resolve significant/insignificant issues
    • Must be able to enter review into proprietary software (Encompass Loan Origination System)
    • Perform Pre & Post Fund audit reviews as needed
    • Assist in designing, developing, and testing new systems
    • Conduct research on potential selling guide and investor's underwriting policy changes
    • Deliver findings and recommendations to management
    • May participate as a team member on projects
    • Must stay current on all agency, state, and federal guidelines
    • Meet deadlines as required
    • Be adaptable in the work environment
    • Must conduct all activities in a professional manner
    • Review rebuttals, discuss with Team Lead/Manager for response and make corrections to original audit once final.
    • Review internal audit results, discuss with team lead/manager for response.
    • Adhere to the companies "Core Values"
    • Other duties assigned by Team Lead and or Manager

    Qualifications

    • Minimum of 7 years of experience in conventional and government underwriting and/or Quality Assurance/Quality Control function in the mortgage banking industry, experience in quality assurance services in a multiple client environment preferred
    • Knowledge of all conventional and government underwriting guidelines for agencies-Fannie Mae and Freddie Mac Selling Guide, private investors, and underwriting standards and practices
    • In-depth knowledge of all federal, state and local compliance regulations to include: Truth in Lending, Equal Credit Opportunity laws, etc.
    • In-depth knowledge of total closing function to include: underwrite condition to closing, closing instructions, closing procedures, and abreast with TRID requirement.
    • Strong comprehensive knowledge in HMDA Reporting; abreast on CFPB policies and procedures as it relates to HMDA.
    • College Degree or equivalent work related experience
    • In depth working knowledge of AUS systems including, but not limited to Ellie Mae Loan Operating System and Desktop Underwriter
    • Strong working knowledge and use of Microsoft Office Suite, including Word and Excel.
    • Strong written communication skills.
    • Ability to handle multiple tasks and prioritize workloads
    • Self-starter that is able to manage multiple priorities simultaneously
    • Must be able to deliver high-quality results
    • Must be able to work well with others

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