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Bank of America - Newark, DE
posted 2 months ago
About the position
The Testing Specialist II - Senior Mortgage Underwriter at Bank of America is responsible for executing high-quality testing related to mortgage underwriting processes. This role involves conducting independent testing, documenting defects, and collaborating with compliance and operational risk officers to identify trends and themes. The position requires a strong understanding of mortgage underwriting and the ability to analyze complex problems while ensuring adherence to testing policies and standards.
Responsibilities
- Conducts independent testing on a team in support of coverage needs identified by Compliance and Operational Risk officers and/or Front Line Unit process owners.
- Identifies, documents, and escalates defects identified during testing, working closely with Compliance and Operational Risk officers and/or Front Line Unit process owners to validate preliminary results.
- Collaborates with Compliance and Operational Risk officers and/or Front Line Unit process owners on the identification of themes and trends at the Front Line Unit, control function and enterprise level.
- Manages the quality of the end to end execution process in accordance with the Independent Testing Enterprise Policy and Standard.
- Supports the test development process as applicable depending upon the complexity of the testing.
- Interacts with internal and/or external contacts to identify, research, analyze, and resolve complex problems.
Requirements
- Bachelor's Degree or equivalent experience.
- Minimum 5 years' experience in residential loan underwriting including Conforming, Nonconforming, HELOC, Custom, FHA and VA.
- Delegated senior mortgage underwriter.
- Strong written, verbal and delivery skills.
- Strong Partnership and Influencing Skills.
Nice-to-haves
- Interpret Relevant Laws, Rules, and Regulations
- HUD DE and VA LAPP/Automatic Certifications preferred.
Benefits
- Competitive benefits to support physical, emotional, and financial well-being.
