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5 days ago
The Mortgage Loan Processor plays a critical role in the mortgage lending process, responsible for evaluating and verifying loan applications to ensure compliance with regulatory requirements.
Key Responsibilities:- Loan Application Evaluation: Assess and verify loan applications, ensuring all necessary documents are complete and accurate.
- Credit Analysis: Evaluate credit reports to determine the borrower's creditworthiness and assess their financial situation.
- Property Valuation Review: Review appraisals and alternative value products to ensure conformity to client-specified requirements.
- Credit Report Evaluation: Analyze credit reports to determine the borrower's credit history and identify potential risks.
- Financial Statement Analysis: Evaluate financial statements, tax returns, pay stubs, and other income documentation to assess the borrower's financial situation.
- Risk Assessment: Calculate debt-to-income (DTI) ratios and loan-to-value (LTV) ratios to assess the overall risk level of the loan.
- Predictive Modelling: Utilize data-driven models to predict loan performance and identify potential risks.
- Data Management: Maintain accurate and up-to-date records of loan applications, credit reports, and property valuations.
- Education: Bachelor's degree in Finance, Business, or related field.
- Experience: 2+ years of experience in mortgage lending or related field.
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