Upvote
Downvote
Processor
Share Job
- Suggest Revision
- The Loan Processor is responsible for the thorough review of a file, preparing, and verifying the data on the loan applications and supporting documentation that has been provided by the loan officers and submitting the verified loan files to underwriting, if additional information is needed to render a decisions it is the processors responsibility to reach out to the Customer to obtain.
- Calculate income, review assets, know how to calculate student loan debt per product(conv or govt loans) and debt ratios.
- Analyze the title report, purchase contract and appraisal on files for compliance.
- Prepare loan packets to submit to in-house underwriters, contract underwriters or investor underwriters for approval.
- Must know how to navigate ALLREGS, Ask Poli, Freddie's FAQ and FHA's FAQ, check before you ask.
Active Job
Updated TodaySimilar Job
Relevance
Active