
U.S Home Loan Specialist
2 weeks ago
Job Overview:
A Mortgage Loan Processor plays a vital role in the mortgage lending process by evaluating the creditworthiness and risk profile of potential borrowers. The position involves analyzing financial information, reviewing loan applications, and making informed decisions to approve, conditionally approve, or deny mortgage loans.
This role ensures that all loans meet regulatory requirements and company standards.
Key Responsibilities:
- Analyse and verify loan applications, ensuring all required documents are complete and accurate.
- Assess the borrower's credit history, employment, income, and debt levels.
- Confirm the property's value through appraisal reports.
Credit and Financial Analysis:
- Evaluate credit reports to determine the borrower's creditworthiness.
- Analyse financial statements, tax returns, pay stubs, and other income documentation.
- Calculate debt-to-income (DTI) ratios and loan-to-value (LTV) ratios.
Compliance and Risk Assessment:
- Ensure loans comply with all federal, state, and local regulations.
- Adhere to company policies and guidelines.
- Identify potential risks and assess the overall risk level of the loan.
Required Skills and Qualifications:
- Bachelor's degree in any field.
- Proven experience in mortgage processing or underwriting.
- Strong knowledge of mortgage industry regulations and procedures.
- Excellent analytical and problem-solving skills.
- Detail-oriented with exceptional organizational abilities.
- Proficiency in using mortgage processing software and financial tools.
- Effective communication and interpersonal skills.
- Ability to work efficiently under pressure and meet tight deadlines.
Benefits:
Competitive salary
Opportunities for career growth and development
Collaborative and dynamic work environment
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