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Loan Review Specialist

3 weeks ago


Alleppey, Kerala, India beBeeSenior Full time ₹ 15,00,000 - ₹ 20,00,000

Job Title: Senior Loan Review Specialist

About the Position

The primary responsibilities of a Senior Loan Review Specialist include thoroughly examining mortgage files submitted for review. This role requires meticulous calculation of income, analysis of debt and assets, as well as an in-depth examination of the completed appraisal and title.

Key Responsibilities:

  • Perform comprehensive and in-depth review of mortgage loan files including income, assets, credit, and collateral
  • Utilize client's loan operating system to ensure accurate data entry
  • Review loans in accordance with client guidelines, utilizing automated underwriting systems or manual guidelines
  • Evaluate and ensure overall loan documents are accurate, complete, and compliant
  • Ability to identify and/or clear red flag or alerts
  • Issue loan decision and condition file accordingly
  • Review and approve conditions for compliance and completion of loan file
  • Provide exceptional customer service to internal and external clients
  • Maintain current knowledge of client and investor requirements
  • Resolve pre and post-closing issues as they relate to loan review
  • Assist Processors/Loan Officers in understanding loan review decisions and conditions
Qualifications

Minimum 2+ years current conventional mortgage loan review experience

Required Skills
  • Strong knowledge of income calculations, tax returns, reading credit reports, identifying red flags
  • Basic knowledge of appraisal and ability to recognize red flags and ineligible properties
  • Thorough working knowledge of GSE loan review guidelines and automated underwriting engines
  • Strong analytic, interpersonal, and verbal and written communication skills
  • Detail-oriented with strong ability to time manage
  • Ability to work in a flexible and production-oriented environment
  • Must be willing and able to work as part of a team
  • Strong capability to work in multiple systems - paperless environment
  • Must be willing to work in strict security environment
  • NMLS-MLO Licensure preferred
  • Candidates must be available to work outside of normal business hours when necessary