Loan Review Specialist

2 days ago


mysore, India beBeeRisk Full time

Job TitleWe are seeking a highly skilled Loan Review Specialist to join our team. As an integral part of our lending process, you will be responsible for reviewing loan files to ensure accuracy and completeness.Data Entry and Management: You will open new loan files in the Loan Origination System (LOS) and enter accurate data.Document Collection: Gather borrower's initial application, credit report, income, assets, and property documentation.Appraisal Management: Order and track appraisals to validate property value and condition.Verification and Document Follow-Up: Obtain Verification of Employment and Verification of Deposit, and communicate with borrowers and third parties to obtain outstanding or missing documentation.File Assembly and Submission: Organize all required documents systematically for underwriting submission and deliver processed and validated loan files.ResponsibilitiesLoan File Analysis: Analyze borrower credit, income, assets, liabilities, and property documents against program/investor guidelines.Creditworthiness Assessment: Ensure borrower meets eligibility and program requirements.Financial Calculations: Accurately calculate Debt-to-Income (DTI) and Loan-to-Value (LTV) ratios.Property Risk Evaluation: Review appraisals for accuracy, value, condition, and marketability.Fraud Detection: Identify red flags, inconsistencies, and potential fraud indicators.Decision Making: Issue conditional approvals, suspensions, or denials based on file review.Condition Management: Work with processors and loan officers to communicate conditions and review additional documents.Final Approval: Issue final 'clear-to-close' once all conditions are satisfied.



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