QC Specialist

Founded in 2014 and headquartered in Emeryville, CA, Newfi Lending is backed by Apollo Global Management, one of the largest private equity firms in the world. As a top Non-QM lender, we’re passionate about offering innovative lending solutions to borrowers nationwide. Through our proprietary loan programs and common-sense underwriting, we help self-employed borrowers, real estate investors, and homeowners seeking to access their equity—across our Wholesale, Correspondent, and Consumer Direct channels.

We are growing rapidly and are looking for forward-thinking professionals to be part of the Newfi story. Apply today to join our dynamic team!

The QC Specialist plays a critical role in ensuring the integrity and accuracy of loan production at Newfi Lending. This individual will support the QC process by assisting with audits, reviewing findings, and delivering accurate reporting that supports continual process improvement. The QC Specialist is responsible for prefunding, random, targeted, adverse action, and vendor reviews.

• Oversee 10% audit of closed loan volume monthly, conducted by vendor.
• Ensure audits focus solely on underwriting accuracy.
• Calculate volume based on previous month and round percentage up.

• Select 10% of monthly closed volume for QC review, rounded up.
• Coordinate with vendor for audit completion, review findings, and collaborate with responsible parties to cure errors.

• Personally conduct audits on 10% of monthly closed volume.
• Include early payment defaults (EPDs), repurchase-related files, or any specific areas requiring attention.

• Review loans flagged by management due to issues in Pre-doc QC, EPDs, repurchase requests, or other concerns.
• Conduct internal audit on 10% of vendor-completed random reviews.
• Identify and report discrepancies to vendor management.

• Review 10% of adverse action files, including Denied, Withdrawn, and Canceled loans.

• Create and maintain monthly reports on prefunding, random, discretionary, vendor, and trouble loan reviews.
• Prepare quarterly summary reports detailing error rates, audit volumes, and trends for senior management.
• Provide timely QC data and findings to Legal and stakeholders as needed.

• Update vendors on changes to Newfi’s underwriting guidelines.
• Ensure the Quality Control Plan remains accurate and compliant.
• Assist Shipping and Post-Closing departments as needed.

• Experience: 5+ years in mortgage quality control, or mortgage operations.
• Industry Knowledge: Strong understanding of Non-QM and agency guidelines, underwriting practices, and investor requirements.
• Attention to Detail: High degree of accuracy and thoroughness in file reviews and error resolution.
• Analytical
  
  Skills:
  
  Ability to analyze QC findings, identify trends, and implement corrective actions.
• Technical Proficiency: Familiarity with LOS platforms (e.g., Meridian Link), QC software, and Microsoft Excel/Word for reporting.
• Communication
  
  Skills:
  
  Clear and concise communication skills, both written and verbal, for vendor interaction and reporting.
• Problem Solving: Able to work independently and collaboratively to resolve complex issues.
• Competitive compensation
• 401k matching, fully vested after 3 years of employment
• Collaborative culture and leadership accessibility

Newfi Lending is an Equal Opportunity Employer. We respect and aim to empower individuals and support the diverse cultures, perspectives, skills and experiences within our workforce.

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The above statements are intended to describe the general nature and level of work being performed by persons assigned to this position. They are not intended to be an exhaustive list of all associated responsibilities, skills, efforts, or working conditions. The Company reserves the rights to change, amend, add, delete, and otherwise assign any and all duties, responsibilities, and position titles, as it deems necessary to meet the needs of the business.