Prefunding Quality Assurance Underwriter

Prefunding Quality Assurance Underwriter at City National Bank in Boise, Idaho, United States Job Description PREFUNDING QUALITY ASSURANCE UNDERWRITER WHAT IS THE OPPORTUNITY? This role reports directly to the Prefunding Quality Assurance Manager and focuses on performing thorough PFQA underwriting to ensure loan quality, detect defects early, and maintain compliance with Fannie Mae’s Selling Guide (Part D, Subpart D1: Lender Prefunding Quality Control) and best practices from Fannie Mae’s Beyond the Guide publications. The position involves collaboration with QA team members, origination, underwriting, and compliance staff to mitigate risks such as fraud, errors, and ineligibility before loan closing. WHAT WILL YOU DO? Conduct full prefunding QA underwriting reviews on selected loans post-conditional approval but pre-closing, including analysis of credit, capacity, collateral, compliance, and legal documents to verify accuracy, completeness, and eligibility per Fannie Mae Selling Guide D1-2-01 and D1-2-02 requirements. Perform reverifications of borrower data (e.g., employment via verbal verification, income, assets, occupancy, sources of funds) using independent third-party sources to identify material misrepresentations, fraud, or risks, in line with Fannie Mae guidelines for early detection. Review appraisals and collateral using Fannie Mae tools like Collateral Underwriter (CU) and Form 1033 to assess property valuation risks and integrate findings into defect evaluations. Identify and classify defects according to the organization’s defect taxonomy and severity levels, documenting findings with clear evidence and recommendations for immediate corrective actions before funding. Participate in the QA cycle, including initial reviews, management rebuttals, and final determinations, ensuring timely completion to allow for pre-closing resolutions as recommended by Fannie Mae. Analyze loans from various channels, including third-party originations (TPOs), with targeted focus on high-risk attributes (e.g., complex income, high LTV/DTI ratios, low credit scores, or fraud indicators). Utilize QA tools such as Fannie Mae’s Loan Quality Connect (LQC), Desktop Underwriter (DU) for underwriting validation, Quality Insider for defect insights, and Ask Poli for policy research, alongside vendor tools like ACES Quality Management or LoanLogics for automated reviews and analytics. Contribute to root cause analysis for identified defects, supporting the development of corrective action plans and process improvements. Maintain accurate doc To view full details and how to apply, please login or create a Job Seeker account

Created: 2026-02-03