Job Description: This position reviews residential mortgage loan applications for newly originated loan applications for accuracy and completeness in the Loan Origination System, provides disclosures and works with originator and applicant to secure underwriting documents.Major Responsibilities:
Gathering and interpreting data that supports mortgage loan requests such as automatic underwriting findings, credit reports, income and asset documentation, appraisals and other requirements.
Analyzing information for completeness, accuracy and acceptability of investor guidelines.
Processing mortgage loan applications from the time of receipt of application to submission of the loan package to underwriting.
Verifies application information for mortgage loans: Reviews residential loan application file to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, and length of employment.
The successful candidate will also be responsible for the developing and maintaining up-to-date knowledge of FHA, VA, Conventional, bond, 203k and USDA guidelines, rules and regulations pertaining to generating an acceptable mortgage loan.
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