
Loan Approval Specialist
2 weeks ago
Job Overview:
- Review, assess and approve US mortgage loans in accordance with established policies and procedures.
- Examine all loan documentation for accuracy and completeness.
Key Responsibilities:
- Conduct thorough reviews of mortgage loan applications to ensure eligibility, accuracy and completeness.
- Verify loan, property and borrower information against available documents.
- Assess borrowers' monthly income and expenses.
- Review collateral-related documents.
- Calculate assets required for closing and reserve purposes.
- Make independent decisions regarding loan acceptance and risk management.
- Provide final approval for mortgage loan underwriting.
- Prepare and complete all required paperwork and forms in a timely manner.
- Work with staff and management to resolve escalated loan issues.
Requirements:
- Degree or Equivalent.
- Minimum 4 years of experience in conventional/govt end-to-end underwriting.
- Strong knowledge of the 4Cs of Underwriting (Asset, Income, Credit, and Collateral).
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Ability to work independently and as part of a team.
- Proficiency in Encompass software.
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