Experience: Six months to two years of similar or related experience, including preparatory experience, in-depth knowledge of mortgage lending guidelines and regulations.

Education/Certifications/Licenses: High school degree or GED is required.

Major Duties and Responsibilities

• Review documentation presented by originators and ensure that it is accurate, complete, and consistent.
• Request additional documents to support the loan application.
• Confirm that the licensed originator provided all disclosures to the borrower within the timeframe required by federal regulation.
• Ensure that the loan file meets all product guidelines.
• Obtain verification of deposit documentation provided by independent, third parties used to verify that the information contained on the loan application is true and accurate such as: establishes that the applicant has sufficient cash to meet settlement needs, and send requests to financial institutions to verify assets.
• Obtain verification of employment documentation provided by independent, third parties used to verify that the information contained on the loan application is true and accurate such as: the applicant's employer to substantiate the employment information supplied in the mortgage loan application, stability of the applicant's source of income, and applicant's ability to repay the mortgage loan.
• Obtain loan documentation which includes documents such as paystubs, W-2s, tax returns, bank statements, and IRS 4506T tax transcripts.
• Order an appraisal according to the loan type and pulling the credit report if needed.
• Input appraisals into automated system, inclusive of detailed information for property.
• Run the loan through the automated underwriting system (DU/LPA) for loan approval and documentation requirements, as necessary.
• Update the loan origination system as documents are received and re-running the AUS findings as necessary.
• Remain alert for valid change of circumstances that trigger redisclosure requirements.
• Ensure that borrower communications and updates are handled in a timely, consistent, and professional manner.
• Provide a complete loan file to the underwriter for efficient validation and underwriting.
• Review underwriting conditions; Satisfies all conditions received from the Underwriter and ensures that approval falls within the established lending guidelines.
• Issue loan commitment letter and forwards to borrower's agent / builder; reviews conditions with borrower and obtaining conditions prior to closing loan; prepares ECOA to send to customer if loan denied; informs borrowers, realtors, builders and closer of status of loans.
• Schedule closings with title agencies.
• Calculate all fees and escrows associated with closing and balance the numbers.
• Prepare and deliver the closing disclosure in advance of closing.
• Create a properly executed, quality loan package that meets regulatory requirements and investor guidelines.
• Prepare the funding approval of each loan and submits wire transfer to the Servicing department for loan funding.
• Deliver closing instructions, final closing disclosure, and settlement documents to the settlement agent.
• Attend closings as necessary.
• Verify proper execution of a closed loan, post-closing, to ensure all documents were correctly signed and filed.
• Satisfy all conditions found post-closing, by an outsourced auditor.
• Provide and promote exceptional customer service.
• Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.