Mortgage Specialist

This position involves assessing the creditworthiness and risk profile of potential borrowers, ensuring all loans meet lending standards and regulatory requirements.

The role entails analyzing financial information, reviewing loan applications, and making informed decisions to approve or deny mortgage loans.

Key Responsibilities:

• Loan Application Review:
  • Verify loan applications, ensuring completeness and accuracy.
  • Evaluate the borrower's credit history, employment, income, and debt levels.
  • Review appraisal reports for property value confirmation.
• Credit and Financial Analysis:
  • Assess credit reports to determine the borrower's creditworthiness.
  • Analyze financial statements, tax returns, pay stubs, and other income documentation.
  • Calculate debt-to-income (DTI) ratios and loan-to-value (LTV) ratios.
• Property Valuation Review:
  • Examine appraisals and alternative value products for conformity with client-specified requirements.
• Compliance and Risk Assessment:
  • Ensure loans comply with federal, state, and local regulations.
  • Adhere to established policies and guidelines.
  • Identify potential risks and assess the overall risk level of the loan.

Essential Skills and Qualifications:

• Bachelor's degree in a relevant field.
• Proven experience in mortgage processing or underwriting.
• Strong knowledge of mortgage industry regulations and procedures.
• Excellent analytical and problem-solving skills.
• Attention to detail with strong organizational abilities.
• Proficiency in using mortgage processing software and financial tools.
• Effective communication and interpersonal skills.
• Ability to work efficiently under pressure and meet deadlines.
• Solid understanding of financial statements and credit reports.
• Certification in mortgage underwriting or related fields is beneficial.