Canopy Mortgage

Compliance

• Independently prepare regulatory reports and documentation
• Collaborate with various departments to implement and maintain compliance
• Develop procedures and training manuals for compliance processes
• Respond and research high level inquiries from internal teams and regulatory authorities regarding compliance matters
• Conduct regular reviews of mortgage files to ensure compliance with federal, state, and local regulations
• Keep abreast of changes in mortgage laws and regulations and communicate updates to relevant teams

Mortgage Compliance Clerk II

Mortgage Underwriter

• Perform quality control reviews of mortgage loan files for adherence to specific lender guidelines with an emphasis on pre and post-closing audits, compliance.
• Reviews include identifying potential fraud and/or misrepresentation, processing / underwriting deficiencies, compliance violations, and/or applicable scope specific opportunities.
• Review and provide Quality Control feedback on loan file reviews completed by internal staff
• Confirm loan product is compliance with program guidelines and borrower eligibility
• Review employment documentation and re-calculate income documentation
• Review and recalculate asset and reserve documentation
• Review credit report and re-calculate liabilities
• Review title commitments, hazard and flood insurance
• Review and analyze borrower’s mortgage applications and related documents
• Review and analyze real estate purchase contracts, if applicable
• Perform Appraisal Reviews for completeness, health and safety issues, and external obsolescence
• Identify all red flags within a loan file and ensure they are addressed accordingly
• Determine proper designation for title, title services and all other shop-able fees
• Compare fee payee names listed on Final Settlement Statement to invoices or other docs in file to validate accuracy of information
• Compare Specific Closing Instructions for accuracy (fees and amounts)
• Compare Specific Closing Instructions for (loan terms, principal and interest, escrow information).
• Review final closing documents to ensure adherence with applicable law
• Validate compliance with state specific Non-borrowing spouse signing requirements.
• On NORTC eligible loans, verify compliance with Notice of Right to Cancel requirements of RESPA
• Confirm all documents and pre-funding conditions pertaining Title, Trusts and POAs have been satisfied
• Analyze individual loan files and determine compliance with applicable lender guidelines and/or loan approval
• Follow quality control policies and procedures to ensure compliance with scopes of work
• Identify training opportunities pertaining to quality reviews and communicate with Quality Manager to implement such needed sessions

Mortgage QC Underwriter

Manager

• Oversee servicing compliance, ensure adherence to agency servicer requirements
• Manage the relationship with the subservicer and monitor performance metrics
• Oversee the creation and distribution of transfer of servicing notices
• Manage collections of borrower payments on loans held for sale
• Oversee onboarding process for retained loans with the subservicer
• Prepare and present monthly activity reports to executive management
• Review and approve all sold loan Early Payoff Penalties and Early Payment Default penalties
• Coordinate with Consumer Direct sales team to support portfolio retention efforts
• Supervise a servicing assistant responsible for interim servicing tasks.

Mortgage Compliance Clerk II

Mortgage QC Underwriter

Mortgage Loan Servicing Manager