Approval: Understanding of Underwriting Guidelines by Supervisor
12
Training on Quality Assurance Procedures
13
Access to Mortgage Quality Control Platform
14
Hands-on Training with Assistance
15
Review of Previous QC Reports
16
Approval: Review Report by Supervisor
17
Test on Loan Review and Analysis Procedures
18
Initial Audit Task under Supervisor's Guidance
19
Feedback Session
20
Approval: Initial Audit Task by Supervisor
Initial Profile Setup
Set up your profile by providing the necessary information. This will help us get to know you better and tailor the onboarding process to your needs. Your profile is an essential part of the overall process, ensuring that you have access to the right resources and support. It will also enable us to track your progress and evaluate your performance.
Introductory meeting with Team Lead
Schedule a meeting with your team lead to introduce yourself and discuss your role and responsibilities. This meeting will give you the opportunity to align expectations and clarify any doubts or questions you may have. Your team lead will guide you through the onboarding process, provide necessary resources, and support your development in the role.
Training on Mortgage Quality Control Basics
Gain a fundamental understanding of mortgage quality control principles and practices. This training will equip you with the knowledge and skills necessary to assess loan files, identify potential issues, and ensure compliance with regulations and policies. By mastering the basics, you will be able to contribute effectively to the mortgage quality control process.
1
Online Videos
2
In-person Workshop
3
e-learning Modules
4
Presentation Slides
5
Interactive Webinars
Understanding of Company's Policies
Familiarize yourself with the company's policies related to mortgage quality control. This understanding is essential to ensure that your work aligns with the organization's standards and expectations. By following these policies, you will contribute to maintaining a high level of quality and compliance. In case of any doubts or clarifications, seek guidance from your team lead or relevant stakeholders.
1
Loan Origination
2
Loan Servicing
3
Risk Management
4
Data Security
5
Compliance
Approval: Understanding of Policies by Team Lead
Will be submitted for approval:
Understanding of Company's Policies
Will be submitted
Introduction to the Mortgage Management System
Get acquainted with the mortgage management system used by the company. This system plays a crucial role in facilitating loan review and analysis, tracking quality control activities, and generating reports. Familiarize yourself with the system's features and functionalities to efficiently carry out your tasks. Reach out to IT support or relevant stakeholders in case of any technical issues or queries.
1
Loan Origination
2
Document Management
3
Risk Assessment
4
Audit Trails
5
Reporting
Software Skills Evaluation
Assess your proficiency in using software applications relevant to the mortgage quality control process. This evaluation will help identify areas where you may require additional training or support. By honing your software skills, you will be able to navigate tools efficiently and optimize your productivity. Keep in mind that continuous learning is essential in this dynamic field.
1
Microsoft Excel
2
Loan Origination Software
3
Document Management System
4
Data Analysis Tools
5
Reporting Platforms
Approval: Software Skills by IT Department
Will be submitted for approval:
Software Skills Evaluation
Will be submitted
Training on Loan Review and Analysis
Understand the process of loan review and analysis, which involves assessing loan files to verify accuracy, completeness, and compliance with underwriting guidelines. This training will equip you with the skills to identify red flags, identify potential issues, and recommend corrective actions. By mastering loan review and analysis, you will contribute to maintaining high-quality loan portfolios.
1
Online Videos
2
In-person Workshop
3
e-learning Modules
4
Presentation Slides
5
Interactive Webinars
Detailed Understanding of Underwriting Guidelines
Acquire a comprehensive understanding of the underwriting guidelines applicable to mortgage quality control. These guidelines define the criteria for evaluating borrower qualifications, property value, and loan repayment capacity. By mastering the underwriting guidelines, you will be able to assess loan files accurately and identify deviations or non-compliance. Seek guidance from the underwriting team or subject matter experts for better clarity.
1
Income Verification
2
Creditworthiness Assessment
3
Appraisal Standards
4
Debt-to-Income Ratio Calculation
5
Collateral Requirements
Approval: Understanding of Underwriting Guidelines by Supervisor
Will be submitted for approval:
Detailed Understanding of Underwriting Guidelines
Will be submitted
Training on Quality Assurance Procedures
Learn about the quality assurance procedures implemented in the mortgage quality control process. This training will familiarize you with the steps to ensure accuracy, reliability, and compliance in loan review and analysis. By understanding and adhering to these procedures, you will contribute to maintaining a high level of quality and mitigating risks.
1
Online Videos
2
In-person Workshop
3
e-learning Modules
4
Presentation Slides
5
Interactive Webinars
Access to Mortgage Quality Control Platform
Obtain access to the mortgage quality control platform used by the company for loan review and analysis. This platform allows you to carry out your tasks efficiently, collaborate with team members, and generate reports. Reach out to IT support or relevant stakeholders to ensure smooth access and address any authorization issues.
Hands-on Training with Assistance
Engage in hands-on training sessions with the assistance of experienced professionals. These sessions provide practical exposure to loan review and analysis tasks, allowing you to apply your knowledge, seek guidance, and enhance your skills. Embrace this learning opportunity to gain confidence and become proficient in executing mortgage quality control activities.
Review of Previous QC Reports
Review previous quality control reports to familiarize yourself with the typical findings, observations, and recommendations. This review will provide insights into common issues, potential risks, and areas that require special attention. Use this knowledge to enhance your ability to identify and address potential quality control issues in loan files.
Approval: Review Report by Supervisor
Will be submitted for approval:
Review of Previous QC Reports
Will be submitted
Test on Loan Review and Analysis Procedures
Demonstrate your understanding of loan review and analysis procedures by completing a test. This test will evaluate your knowledge and practical application of the processes involved in assessing loan files. The results will allow us to assess your readiness to independently carry out loan review and analysis tasks.
