About firstbank
Nashville-based firstbank, a wholly owned subsidiary of fb financial corporation (nyse: fbk), is the third largest tennessee-headquartered bank with 81 full-service bank branches across tennessee, south central kentucky, north alabama and north georgia, and a national mortgage business with offices across the southeastThe bank serves five of the major metropolitan markets in tennessee and with approximately $11.2 billion in total assets, has the resources to provide a comprehensive variety of financial services and products.
Firstbank has been recognized as one of tennessee’s best employers by business tennessee magazine and the tennesseanThe tennessee chamber of commerce & industry, and the tennessee society for human resource management have also recognized firstbank.
Firstbank does more than provide consumers with best of class financial servicesIt is a place for employees to explore potential, obliterate boundaries and push out the edges of what can beThe company looks for people who can grow, think, dream and createIts culture thrives by embracing diversity and rewarding imaginationThe brand seeks achievers, leaders and visionariesAt firstbank it’s about each person bringing skills and passion to a challenging and constantly evolving game.
Position summary
Primary function is to complete pre-close qc audits as requested to ensure compliance from all partiesThis position will ensure firstbank employees are adhering to all underwriting policies in regard to our credit risks by documenting any significant trends or climate changes to our businessThe qc review specialist will work closely with all lines of business of first bank mortgage and our business partnersPrimarily will conduct pre-funding reviews of all types of residential loans (conventional, fha & va) in accordance with the bank’s quality assurance program and accepted agency quality control standardsResponsible for ensuring that the loans are of investment quality, were processed and underwritten according to firstbank’s policy as well as secondary market, investor guidelines, and will comply with all applicable federal and state laws / regulations.
Essential duties & responsibilities:
Complete a thorough review of the underwriting, credit and closing files according to firstbank’s qc checklist.
Assist with collection of data for deficiencies needed to clear any discrepancies.
Assist team with uploads to outside qc vendors, i.e., fhlmc, fnma, mi companies and investors
Perform risk analysis and make decision regarding deficiencies identified during the review process.
Review and analyze mortgage applications, credit reports, appraisal, income and asset documents to determine accuracy and completeness per guideline requirements.
Perform a data integrity review for loans underwritten with du or other automated underwriting systems.
Analyze data to detect deficient controls, identify transaction components that indicate a potential for fraud (or material misrepresentation) and perform sufficient investigative work to confirm or disprove issues that are identified.
Ability to read, analyze and interpret financial reports and/or legal documents.
Qualifications:
Education and/or experience
College degree preferred- or equivalent work experience in the financial industry
5+ years mortgage experience required-de and va designation desirable
Working knowledge of various consumer compliance regulations
