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Loan auditor skills for your resume and career

Updated January 8, 2025

3 min read

Quoted experts

Dr. Kelly Green,

Janet Ruiz

Below we've compiled a list of the most critical loan auditor skills. We ranked the top skills for loan auditors based on the percentage of resumes they appeared on. For example, 28.2% of loan auditor resumes contained audit findings as a skill. Continue reading to find out what skills a loan auditor needs to be successful in the workplace.

15 loan auditor skills for your resume and career

1. Audit Findings

Here's how loan auditors use audit findings:

Assemble documents in loan packages which support audit findings for use by EDGEMAC clients.
Performed audits of mortgage servicing activities identifying audit findings and made recommendations to management on a daily basis.

2. FHA

The Federal Housing Administration (FHA) stands for a government agency in the United States that offers housing insurance to FHA-approved lenders who follow certain conditions.

Here's how loan auditors use fha:

Reviewed Conventional and FHA loan documents for accuracy and completeness after settlement.
Reviewed Conventional, FHA and VA loans for compliance guidelines on purchase (Conforming and Non-conforming loans.)

3. Va

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Here's how loan auditors use va:

Submit for LG for VA loans.
Worked on special three month project auditing aged FHA/VA loans in need of government insurance and loan guaranty.

4. Real Estate

Real estate is land that has buildings on it. This kind of property consists of permanent improvements either natural or man-made, which include, houses, fences, bridges, water trees, and minerals. There are 4 types of real estate namely; residential real estate, commercial real estate, industrial real estate, and vacant land.

Here's how loan auditors use real estate:

Developed basic knowledge of real estate laws and regulations throughout the UnitesStates.
Collaborated with legal firms and real estate officers to achieve compliance.

5. State Regulations

State regulations are the rules made by the state authorities under a specific Act. When a government intervenes in the private market to implements policies, they are known as state regulations. These policies help in achieving the economic, political, and social targets which might not be able to achieve otherwise.

Here's how loan auditors use state regulations:

Compared signatures on document and ID, made sure the loan was within the law for the state regulations.
Suspended all loans there were in direct violation of compliance and state regulations.

6. Federal Regulations

Federal regulations refer to the set of rules, both general and permanent that are published in the Federal Register by the agencies of the federal government and the executive departments. Federal regulations are the large body of rules that govern federal practice. Examples of these laws include taxes and financial regulation, discrimination law, wages law, and so on.

Here's how loan auditors use federal regulations:

Executed Federal regulations to help schools meet cohort default rate standards set by the U.S. Department of
Record loan denial specifying investor and institution guidelines and basis for declining application in accordance with investor/state/federal regulations.

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7. Bank Policies

Here's how loan auditors use bank policies:

Ensured lending compliance with all origination procedures including bank policies and procedures and regulatory requirements.
Assured compliance with all bank policies, investor requirements, as well as applicable state and federal banking laws and regulations.

8. Loan Packages

Here's how loan auditors use loan packages:

Minimized the risk of regulatory non-compliance through discriminating selection criteria, which resulted in quality loan packages.
Reviewed entire loan packages for quality assurance and fraudulent activity.

9. USDA

Here's how loan auditors use usda:

Coordinated collection of required document from borrowers to processes and closed their FHA, VA, USDA, Conventional loan.
Keep fully abreast of the regulations governing loan packaging and other relevant information regarding loan documents including USDA RD regulations.

10. Bank Secrecy Act

Here's how loan auditors use bank secrecy act:

Complied with regulatory requirements, including the Bank Secrecy Act, Anti Money Laundering, OFAC,
Detailed knowledge of the Bank Secrecy Act, USA PATRIOT Act and Office of Foreign Assets Control laws and regulations

11. TRID

Here's how loan auditors use trid:

Managed a pipeline of funded TRID loans for completeness so they can be delivered and purchased by the required investor.
Reviewed and sent out closing instructions, HUD's/Closing Disclosures, and loan documents in accordance to the new TRID regulations.

12. RESPA

Here's how loan auditors use respa:

Review the HUD-1 settlement statement RESPA disclosures are properly executed with the settlement and disbursement dates, and fees is correct.
Produce accurately audited loan package properly identifying loan defects, paying particular attention to RESPA, HUD & GFE guidelines.

13. Commercial Loans

Here's how loan auditors use commercial loans:

Audited agricultural and commercial loans.
Provided highly skilled administrative and secretarial assistance to the Commercial Lenders in the preparation, documentation and servicing of commercial loans.

14. HUD-1

Here's how loan auditors use hud-1:

Cleared loan conditions per delegated authority Reviewed the government regulated HUD-1 Settlement Statement and all other regulated closing documents.
Coordinated and scheduled settlements upon final loan approval and reviewed HUD-1 for reconciliation of itemized financial data.

15. FNMA

Here's how loan auditors use fnma:

Seasoned Forensic Loan Auditor familiar with FNMA QAS underwriting guidelines.
Underwrite for FNMA rural properties throughout the United States.

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What skills help Loan Auditors find jobs?

Tell us what job you are looking for, we’ll show you what skills employers want.

What loan auditor skills would you recommend for someone trying to advance their career?

Dr. Kelly Green

Assistant Professor, University of Louisiana at Lafayette

Education and Certificates pull a lot when determining the salaries and positions offered. Quite simply higher degrees and relevant certifications will lead to higher salaries. Aside from that, gaining experience and staying up to date with salary trends in your particular field of accounting will allow you to explore new opportunities with higher salaries.

What type of skills will young loan auditors need?

Janet Ruiz

Director – Strategic Communication, Insurance Information Institute

The mathematical mind, meet the meaningful purpose (Liberty Mutual). Underwriters are the heart of the insurance process, gathering and researching pertinent information and then, using finely tuned analytical skills to evaluate the acceptability of business and institutional risk. Underwriters are more than just analysts - they are the core relationship builders with agents and clients. They are responsible for managing a profitable portfolio of business by distributing agents and brokers. An underwriting career includes a dynamic blend of analytical and marketing skills. Research, Analytics, Communications, Relationship Building, Marketing.

Do you want to know more?

List of loan auditor skills to add to your resume

The most important skills for a loan auditor resume and required skills for a loan auditor to have include:

Audit Findings
FHA
Va
Real Estate
State Regulations
Federal Regulations
Bank Policies
Loan Packages
USDA
Bank Secrecy Act
TRID
RESPA
Commercial Loans
HUD-1
FNMA
FHLMC

Investor Guidelines
Fannie MAE
Business Administration
Loan Data
Credit Reports
Mortgage Loan Applications
Underwriting Guidelines
Federal Guidelines
Financial Statements
Mortgage Insurance
Conventional Loans
Federal Laws
TIL
Computer System
Freddie Mac
Flood Insurance

QC
HMDA
GFE
Loan Portfolio
Tax Returns
Risk Analysis
Consumer Loans
Audit Results
LTV
Mers
Loan Modifications
Customer Complaints
Title Commitments
Loan Agreements
Credit History
Property Evaluations

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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