A Loan Auditor takes responsibility for examining the accounting records of loans and ensure that they comply with all relevant state, and federal lending laws and guidelines. Working in various lending institutions such as banks and credit unions, these auditors fulfill the duties mentioned on the Loan Auditor Resume – conducting on-site reviews of personal, and mortgaged loans; auditing potential acquisitions mainly the quality of the loan portfolio; reviewing credit exposure and the quality of the assets and other risk parameters; providing corrective action plans for all sorts of problematic loan situations; and ensuring compliance of loans with internal credit policies and procedures.
Summary of skills that can highlight a resume includes the following – experience in loan auditing and underwriting; sound knowledge of mortgage industry and regulatory requirements; deep understanding of loan repurchase and procedures; familiarity with international standards of internal auditing; and the ability to expedite financial and accounting principles and practices. It is a common requirement for the Loan Auditors to possess a degree in the field of accounting or finance to qualify for employment.
Objective : Driven financial analyst with two years of experience in loan auditing and compliance. Proven ability to assess borrower creditworthiness, ensuring adherence to regulatory standards. Adept at identifying discrepancies and implementing corrective actions to enhance loan processes. Eager to leverage analytical skills to contribute to a dynamic team committed to excellence in the lending industry.
Skills : Data Verification, Data Analysis And Reporting, Cross-functional Collaboration, Audit Reporting
Description :
Conducted thorough reviews of loan files in accordance with established policies, reporting exceptions to senior management.
Analyzed monthly loan reports generated by management to identify trends and anomalies.
Ensured all necessary documentation was present and accurate in member loan files.
Communicated internal control weaknesses identified during audits to enhance overall compliance.
Verified proper approval processes for employee loans, maintaining compliance with lending standards.
Tracked and documented exceptions to loan policies, providing insights for process improvements.
Validated completeness of information on loan applications, contributing to risk mitigation strategies.
Experience
0-2 Years
Level
Junior
Education
B.S. Finance
Senior Loan Auditor Resume
Headline : Accomplished Senior Loan Auditor with over 7 years of expertise in evaluating loan applications and ensuring compliance with regulatory standards. Proficient in identifying discrepancies and implementing risk mitigation strategies. Demonstrated ability to enhance loan processing efficiency while maintaining high accuracy. Committed to delivering exceptional service and fostering strong client relationships.
Reviewed loan documentation for errors and compliance to ensure accuracy and adherence to regulatory standards.
Performed detailed audits of bank statements and financial transactions to verify integrity and accuracy.
Assisted clients in the opening of new accounts and resolving account-related issues.
Managed customer inquiries related to debit card issues and online banking support.
Generated daily reports to track incoming and outgoing funds, ensuring proper documentation.
Processed various transactions including money orders and cashier's checks, maintaining accurate records.
Collaborated with the operations team to improve transaction processing efficiency.
Experience
5-7 Years
Level
Senior
Education
B.S. Finance
Loan Auditor Resume
Objective : Results-oriented Loan Auditor with 5 years of comprehensive experience in reviewing loan applications and ensuring compliance with regulatory standards. Skilled in identifying discrepancies and enhancing auditing processes to mitigate risks. Dedicated to maintaining the integrity of loan operations and committed to delivering accurate, timely results that support organizational objectives.
Supervised audits to ensure compliance with internal and external standards.
Developed and implemented auditing systems that improved accuracy and efficiency.
Examined and analyzed accounting records to identify discrepancies.
Verified the accuracy of completed loan documents, including signatures and APR.
Audited closed loan files and coordinated with regional branches for necessary corrections.
Conducted thorough reviews of loan applications to ensure adherence to regulatory requirements.
Provided detailed reports on audit findings to management for decision-making.
Experience
2-5 Years
Level
Junior
Education
B.S. Finance
Loan Auditor Resume
Summary : Detail-oriented Loan Auditor with over 5 years of experience in evaluating loan applications and ensuring compliance with regulatory standards. Proficient in analyzing financial documents, identifying discrepancies, and providing actionable insights to enhance loan processing efficiency. Strong analytical skills combined with a commitment to accuracy and integrity in financial reporting.
Skills : Financial Analysis Software, Email Communication Management, Operating Systems Proficiency, Loan Underwriting, Accounting Principles
Description :
Executed full audits on pre-settlement documents to ensure compliance with guidelines and accuracy.
Verified all underwriting conditions were met prior to loan closings, ensuring data integrity.
Served as Team Lead for the Pre-Settlement department, enhancing team collaboration and efficiency.
Participated in pilot programs aimed at improving operational processes.
Trained new employees and contractors on auditing best practices.
Prepared and reviewed closing documents in the system for accuracy and completeness.
Conducted post-closing audits to ensure compliance for loans sold to investors.
Experience
10+ Years
Level
Junior
Education
B.S. Finance
Loan Auditor Resume
Objective : With 5 years of specialized experience as a Loan Auditor, I excel in reviewing loan applications and ensuring compliance with industry regulations. My expertise in identifying discrepancies and implementing corrective actions has consistently enhanced auditing processes. I am poised to leverage my analytical skills to support organizational goals while maintaining the highest standards of accuracy and integrity.
Skills : Attention To Detail, Problem Solving, Time Management, Financial Analysis, Team Collaboration
Description :
Ensure loan documentation meets compliance with federal and state regulations.
Conduct comprehensive audits utilizing checklists tailored to specific loan types.
Identify and analyze error rates, providing actionable insights to management.
Communicate identified deficiencies to clients, ensuring transparency and resolution.
Review and address post-funding requests from clients to facilitate timely processing.
Aggregate error feedback and present trending data in weekly management meetings.
Collaborate with cross-functional teams to improve loan processing workflows.
Experience
2-5 Years
Level
Junior
Education
B.S. Finance
Loan Auditor Resume
Summary : Dedicated Loan Auditor with 10 years of extensive experience in reviewing and evaluating loan applications for compliance with regulatory standards. Expertise in identifying discrepancies, mitigating risks, and enhancing operational efficiency. Proven track record in delivering accurate results while maintaining a commitment to excellence in financial reporting and customer service.
Skills : Data Analysis, Fraud Detection, Financial Reporting, Record Keeping
Description :
Conducted comprehensive audits of Rural Housing, Conventional, FHA, and VA loans ensuring accuracy in income, asset calculations, and credit profiles.
Reviewed closed loans for potential fraud, sale eligibility, and compliance with Lender Investor Guidelines.
Utilized knowledge of regulatory frameworks and individual lender guidelines to enhance audit efficiency.
Performed audits on mortgages acquired from bank takeovers to ensure adherence to compliance standards.
Assessed documentation and compliance for the purchase of mortgage loans, ensuring regulatory requirements were met.
Monitored compliance with RESPA regulations and company-specific policies, enhancing operational integrity.
Reviewed and indexed loan documents to maintain organized and accurate loan files.
Experience
7-10 Years
Level
Management
Education
B.S. Finance
Loan Auditor Resume
Summary : Accomplished Loan Auditor with a decade of robust experience in scrutinizing loan applications and ensuring compliance with regulatory frameworks. Expert in detecting discrepancies and implementing effective risk management strategies. Passionate about optimizing loan processing efficiency while upholding the highest standards of accuracy and integrity in financial reporting.
Skills : Effective Communication, Organizational Skills, Research Skills, Adaptability, Confidentiality
Description :
Conduct thorough reviews of loan applications across multiple branches, ensuring accuracy and compliance with regulatory requirements.
Identify and rectify discrepancies in borrower documentation, reducing instances of fraud and error.
Maintain detailed records of audit findings and communicate results to management for corrective action.
Utilize multiple software systems to verify customer information and streamline documentation processes.
Monitor loan documentation post-closure to ensure completeness and adherence to guidelines.
Facilitate audits related to mortgage servicing and legal proceedings, ensuring all documentation meets legal standards.
Collaborate with cross-functional teams to enhance loan processing efficiency and compliance adherence.
Experience
7-10 Years
Level
Management
Education
B.S. Finance
Loan Auditor Resume
Summary : Dynamic Loan Auditor with a decade of experience in evaluating loan applications for compliance with industry regulations. Expertise in detecting discrepancies and implementing risk mitigation strategies, improving operational efficiency. Committed to maintaining the highest standards of accuracy and integrity while enhancing loan processing workflows and supporting organizational objectives.
Skills : Team Leadership, Communication Skills, Audit Management, Analytical Thinking, Process Improvement
Description :
Conducted thorough audits of closed loan files to ensure compliance with legal and regulatory standards.
Reviewed documentation and data to confirm accuracy in alignment with corporate guidelines.
Identified sources of discrepancies and implemented effective resolutions.
Verified the accuracy of state compliance loan documents.
Executed loan boarding processes, ensuring seamless integration of new loans.
Managed data entry for additional loan information and audited necessary documents via Desktop Loan Process.
Assessed loan documentation for acceptability, validating data and ensuring salability before funding.
Experience
7-10 Years
Level
Management
Education
B.S. Finance
Loan Auditor Resume
Summary : Seasoned Loan Auditor with 10 years of expertise in meticulously reviewing loan applications for compliance and accuracy. Skilled in identifying anomalies and implementing effective solutions to mitigate risks. Dedicated to enhancing operational efficiency and ensuring adherence to regulatory standards while delivering high-quality service to clients.
Conducted daily audits of 8-12 closed Correspondent Mortgage Loans, ensuring compliance with industry standards.
Engaged with clients to secure necessary documentation and corrections prior to funding approval.
Reviewed and analyzed loan applications for potential discrepancies and compliance issues.
Managed the distribution of insurance checks to ensure timely processing.
Balanced and reconciled audit reports, identifying areas for improvement.
Proactively assessed mortgage documents for risks, meeting daily quotas.
Audited completed mortgage loans to confirm the accuracy of all relevant documents.
Experience
10+ Years
Level
Senior
Education
B.S. Finance
Loan Auditor Resume
Headline : Experienced Loan Auditor with over 7 years in analyzing and verifying loan applications for compliance with regulatory standards. Proven track record in identifying discrepancies and enhancing loan processing efficiency. Committed to delivering precise audit results and fostering strong relationships with stakeholders to support organizational integrity and excellence.
Skills : Loan Auditing Software, Data Entry Accuracy, Audit Procedures, Report Writing, Customer Service
Description :
Reviewed prime and subprime mortgage documents to ensure compliance with federal and state regulations.
Conducted thorough high-cost analysis, utilizing Clayton software for accurate assessments.
Documented defects in the Defect Tracking Log and coordinated with Resolution Coordinators for timely corrections.
Verified index rates on adjustable-rate mortgages to confirm accuracy.
Reviewed trailing documents for completeness and compliance.
Ensured all files contained original signatures to meet regulatory requirements.
Checked loan notes for proper endorsements and authorized signatures.
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