Highlights:
• Approves and rejects loans. Verify data and loan files for approval and specify the various investors and lenders guidelines. Determine whether any adjustments or additional information is required prior to approval. Consulting with various underwriters to ensure that all underwriting conditions are met prior to closing the loan.
Completes processing/funding of loan folders, and all follow up documentation required for completeness.
• Examine overall loan documentation to ensure accuracy, completeness and fraud prevention. Determines whether documentation contains any fraudulent information and contact appropriate party for necessary documents. Collecting and analyzing credit reports, financial statements and appraisals.
• Determines whether loan documents are in compliance to standards and Federal law. Determines course of action required in order to be in compliance. Ensure compliance deadlines are met with regards to pre-disclosures, approval letters, denial notices and counteroffers.
• Understanding and knowledge of requirements in “A” paper and/or nonprime lending environment in either retail or wholesale loans.
Companies I like:
small, team player based offices.
Running a team of loan processors and as the office manager impacted the organization because the loans did not get completed without me and my team. The office relied on me and my team to make money and keep the processor team together.