MIT
Overview
Mortgage Loan Processor, manages the overall lending process becoming the primary point of contact for all parties involved; works directly with the member/applicant and follows up to ensure all forms are completed and all required supporting documentation is received prior to underwriting review and the final decision is made; orders all required third party services such as flood certificates, appraisals and title commitments; reviews and verifies all fees are disclosed accurately and that the Loan Estimate and Closing Disclosures are sent out within required deadlines to ensure regulatory compliance; analyzes loan-to-value ratios, debt-to-income ratios, credit reports, income, assets, source of down payments along with the supporting documentation; and reviews potential fraud or misrepresentation. Responsibilities
Serve as the primary contact for all parties involved in the lending process. Coordinate with members/applicants to ensure forms and supporting documentation are complete and received before underwriting. Order third party services such as flood certificates, appraisals, and title commitments. Verify that fees are disclosed accurately and that Loan Estimates and Closing Disclosures are issued within required deadlines for regulatory compliance. Analyze loan-to-value ratios, debt-to-income ratios, credit reports, income, assets, and source of down payments along with supporting documentation. Identify and review potential fraud or misrepresentation in loan applications. Qualifications
REQUIRED: A minimum of one year of loan processing experience. Must have or be able to obtain an NMLS license. High level of computer literacy. Ability to handle multiple tasks in a fast-paced environment.
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Mortgage Loan Processor, manages the overall lending process becoming the primary point of contact for all parties involved; works directly with the member/applicant and follows up to ensure all forms are completed and all required supporting documentation is received prior to underwriting review and the final decision is made; orders all required third party services such as flood certificates, appraisals and title commitments; reviews and verifies all fees are disclosed accurately and that the Loan Estimate and Closing Disclosures are sent out within required deadlines to ensure regulatory compliance; analyzes loan-to-value ratios, debt-to-income ratios, credit reports, income, assets, source of down payments along with the supporting documentation; and reviews potential fraud or misrepresentation. Responsibilities
Serve as the primary contact for all parties involved in the lending process. Coordinate with members/applicants to ensure forms and supporting documentation are complete and received before underwriting. Order third party services such as flood certificates, appraisals, and title commitments. Verify that fees are disclosed accurately and that Loan Estimates and Closing Disclosures are issued within required deadlines for regulatory compliance. Analyze loan-to-value ratios, debt-to-income ratios, credit reports, income, assets, and source of down payments along with supporting documentation. Identify and review potential fraud or misrepresentation in loan applications. Qualifications
REQUIRED: A minimum of one year of loan processing experience. Must have or be able to obtain an NMLS license. High level of computer literacy. Ability to handle multiple tasks in a fast-paced environment.
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