Senior Executive

Job Duties of a Home Loan Processor (Canada/UK/US/Australia) A HomeLoan Processor in Canada is responsible for managing the administrative aspects of the mortgage loan process, ensuring that all necessary documentation and procedures are completed accurately and efficiently. Below is a summary of key duties and responsibilities: 1. *Loan Application Review*- Review and verify all components of loan applications, ensuring that all required forms and documents are submitted by the applicant.- Confirm the completeness and accuracy of applications before forwarding to underwriters. 2. *Document Collection and Verification*- Gather necessary financial documentation from borrowers, including pay stubs, tax returns, bank statements, and credit reports.- Verify the authenticity of documents and cross-check information provided by applicants. 3. *Coordination with Borrowers and Lenders*- Communicate with borrowers to clarify or request additional documentation or information.- Workwith lenders, real estate agents, appraisers, and title companies to ensure all necessary steps in the loan process are completed in a timely manner. 4. *Credit Analysis*- Review credit reports and assess the borrower's creditworthiness based on established lending criteria.- Ensure compliance with mortgage lending laws, including adherence to industry regulations and guidelines. 5. *Loan File Preparation*- Prepare complete loan files for underwriting, ensuring that all required documentation is included and properly organized.- Ensure all pre-approval conditions are met before submitting the loan for final approval. 6. *Compliance and Regulatory Adherence*- Stay up-to-date on mortgage laws, regulations, and industry standards in Canada, including guidelines from the Canada Mortgage and Housing Corporation (CMHC), the Office of the Superintendent of Financial Institutions (OSFI), and other relevant governing bodies.- Ensure that the loan processing follows all applicable legal and compliance standards. 7. *Communication and Updates*- Keep both borrowers and lending teams informed of the status of applications throughout the loan processing phase.- Notify applicants of any issues or delays and provide updates on the timeline for approval and closing. 8. *Prepare Closing Documentation*- Prepare the necessary documentation for loan closing, including disclosures, agreements, and schedules.- Ensure all closing requirements are met and assist in scheduling the closing process. 9. *Quality Control and Error Resolution*- Perform quality control checks to ensure accuracy and completeness of all loan-related documents.- Resolve any discrepancies or errors in the loan file, working with borrowers or other team members to correct issues. 10. *Customer Service*- Provide excellent customer service by addressing borrower inquiries, providing guidance on the loan process, and offering solutions to any challenges that may arise. *Skills and Qualifications:*- Knowledge of Canadian mortgage products, laws, and regulations

Job Types: Full-time, Permanent

Pay: ₹400, ₹800,000.00 per year

Benefits:

• Health insurance
• Leave encashment
• Provident Fund
• Work from home

Work Location: In person