Internal Auditor

Location:

We are currently seeking a Staff Internal Auditor to join our team in either our Dallas, TX or Alpharetta, GA office.

Firm Overview

Bungalow Funding LLC is an owner and manager of Agency MSRs. It is our mission to be the most analytical, high quality, and customer focused master servicer in the industry.

Bungalow Funding was formed in 2021 and is led by a team of experienced mortgage executives who utilize best in class proprietary technology, processes and products to help ensure that we set our clients up for long-term partnership and success.

Bungalow Funding is an affiliate of

Balbec Capital

, an SEC-registered alternative investment manager with offices in the United States and Europe. Since its founding in 2010, Balbec has deployed over $29 billion globally through its funds and investment vehicles, seeking to deliver consistent, risk-adjusted returns to investors and long-term partners across asset-based credit strategies.

Job Description \& Key Responsibilities

The Staff Internal Auditor supports the Company’s independent internal audit function by executing risk-based audits designed to assess compliance with GSE servicing guides and applicable federal and state regulations. This role provides assurance over the design and operating effectiveness of controls supporting master servicing activities, financial reporting, custodial functions, third-party oversight, and regulatory compliance. Work is performed in alignment with Institute of Internal Auditors (IIA) Standards and supports management and Board/Audit Committee oversight.

The Staff Internal Auditor performs audit testing across the following GSE-relevant domains, with scope and depth driven by the annual risk assessment:

Governance, Risk \& Compliance

• Compliance Management System (CMS)
• Enterprise risk management and corporate governance
• Anti-Money Laundering (AML) controls
• Consumer privacy, GLBA, and data protection
• Licensing, bonding, and insurance compliance
• Consumer complaints and customer service oversight

Financial \& Investor Controls

• Finance, tax, accounting, and financial reporting
• Treasury and liquidity management
• Cash management, remittances, and custodial controls

Mortgage Servicing Operations

• Loan onboarding and offboarding
• Payments, payoff processing, and escrow administration
• Collections and credit reporting
• Bankruptcy and foreclosure administration
• Loss mitigation activities
• REO, property inspections, and property preservation

Third-Party \& Technology Controls

• Vendor, service provider, and subservicer management
• Service provider oversight and SOC report review
• Information security program and personal security controls
• Technology infrastructure and system access controls
• Business continuity and disaster recovery planning

Corporate Support Functions

• Human resources, payroll, and benefits administration

Responsibilities include:

Audit Execution

• Perform walkthroughs and control testing to assess design and operating effectiveness.
• Execute audit procedures aligned with GSE expectations for documentation, traceability, and evidence retention.
• Apply sampling methodologies appropriate for high-risk servicing and financial processes.

Regulatory Compliance

• Test adherence to:
• Fannie Mae, Freddie Mac, and GNMA servicing guides
• CFPB regulations (Reg X, Reg Z, UDAAP)
• State mortgage servicing and licensing requirements
• Assist in preparing the organization for GSE and regulatory examinations.

Documentation \& Reporting

• Prepare complete, accurate, and defensible audit workpapers suitable for GSE and regulatory review.
• Draft audit findings using a clear condition-criteria-cause-risk-recommendation framework.
• Support audit reporting to management and senior leadership.

Issue Management \& Validation

• Track audit findings and management action plans.
• Perform validation testing to confirm timely and effective remediation.

Third-Party Oversight

• Assist in reviews of subservicers, custodians, trustees, and critical vendors.
• Evaluate SOC reports and test complementary user entity controls required by GSEs.

Risk Assessment Support

• Contribute to annual risk assessments and audit planning.
• Support advisory reviews for new systems, process changes, or regulatory developments impacting master servicing.

Qualifications \& Experience

Required:

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• 1–4 years of experience in internal audit, compliance, risk management, or mortgage servicing within a regulated financial services environment.
• Foundational understanding of internal controls, audit methodology, and documentation standards.
• Strong written and verbal communication skills with the ability to produce regulator-ready workpapers.
• Experience auditing mortgage servicers, master servicers, banks, or financial institutions.
• Familiarity with GSE servicing guides and examination protocols.

Preferred:

1\.Professional certification such as:

• Certified Internal Auditor (CIA)
• Certified Public Accountant (CPA)
• Certified Fraud Examiner (CFE)

2\.Experience with audit management platforms.

Equal Employment Opportunity

Bungalow Funding is committed to ensuring equal employment opportunities for all employees, including qualified employment applicants. The firm strives to maintain an environment free of discrimination based on race, color, religion, gender, national origin, ancestry, age, disability, genetic information, military or veteran status, marital status, sexual orientation, gender identity, citizenship, or any other protected category or characteristics as defined by federal, state or local laws. This equal employment opportunity policy applies to all employment practices, including but not limited to recruiting, hiring, advertising, promotion, transfer, reductions in force, social and recreational programs, training, employee development, compensation and fringe benefits, discipline and termination.

Disclaimer for External and 3rd Party Recruiters:

Please note that Bungalow Funding does not accept unsolicited resumes from external or third-party recruiters. All recruitment-related inquiries and submissions must be directed exclusively to our HR department at [email protected]. We kindly request that recruiters refrain from contacting any other employees within the organization regarding job opportunities. Any unsolicited resumes sent to our employees or submitted outside of the designated HR contact will become the property of Bungalow Funding without any obligation to pay referral fees. Thank you for your cooperation.