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Home Equity Loan Consult
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Full-time
- Resubmits loan to Mortgage Cadence Decision Tool as review and analysis of documentation dictates.
- Prepares and discloses the Loan Estimate (LE) in accordance with all federal regulations set forth by the CFPB, RESPA and Reg Z including the updating of fees within acceptable parameters and tolerances and timely delivery of the LE to the member on applicable fixed term home equity loans.
- Documents a Change in Circumstance (COC) each time fees are updated on the loans ensuring compliance with all federal regulations set forth by the CFPB on applicable fixed term home equity loans.
- Underwrites home equity loans to ensure compliance with state and federal regulations to include but not limited to the CFPB (Consumer Financial Protection Bureau) and in accordance with the Dodd-Frank Act regarding the ATR (Ability to Repay) and the QM (Qualified Mortgage), as well as underwriting guidelines from TFCU, MI, and other investors.
- Underwrites and evaluates the risk on all real estate lending mortgage loan applications daily in accordance with established service and production levels in order to render a timely prudent underwriting decision.
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