
Mortgage Loan Review Specialist
1 week ago
Conventional Underwriter Role Overview
">The Conventional Underwriter plays a crucial role in reviewing and underwriting mortgage loans to ensure they meet established policies and procedures. This involves examining all documentation for accuracy and completeness, ensuring that the loan application meets eligibility criteria and regulatory guidelines.
Key Responsibilities:
">- Review and analyze mortgage loan applications to ensure compliance with internal and regulatory guidelines.
- Examine all required loan data, reports, and inspections to verify collateral acceptability.
- Knowledge of lending and underwriting guidelines, credit analysis, income analysis, cash flow analysis, risk assessment, loan-to-value ratios, and debt-to-income ratios.
- Verify loan, property, and borrowers' information with other available documents.
- Calculate asset requirements for closing and reserve purposes.
- Responsible for making independent decisions regarding acceptance and risk of loans according to HUD and investor guidelines.
- Provides final approval underwriting of mortgage loans.
- Completes all required paperwork and forms in a timely manner.
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Conventional Mortgage Specialist
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