Senior Financial Analyst

0 years

0 Lacs

Posted:6 days ago| Platform: Linkedin logo

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Job Type

Full Time

Job Description

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Overview: The Loan Coordinator / Processor plays a critical role in guiding mortgage applications through the initial stages of processing. This individual is responsible for meticulously verifying borrower documentation, coordinating with third parties, and ensuring the loan file is complete and ready for underwriting, all while strictly adhering to compliance policies.

Key Responsibilities:

  • Application Review: Thoroughly review the Uniform Residential Loan Application (1003) for accuracy and completeness.
  • Document Verification: Verify the authenticity and accuracy of income, asset, and credit documents submitted by applicants.
  • Third-Party Coordination: Proactively follow up with external vendors to obtain necessary documentation, including appraisals, Verification of Employment (VOE), title commitments, and insurance information.
  • Condition Clearing: Work diligently to clear all initial conditions on the loan file, addressing any deficiencies or outstanding requirements.
  • Checklist Completion: Ensure all items on the processing checklist are accurately completed and documented.
  • Underwriting Submission: Prepare and submit complete and organized loan files to the Underwriting department.
  • Compliance Adherence: Strictly adhere to the Bank's compliance policies and procedures, including ensuring compliance with the SAFE Act.

Qualifications:

  • Proven experience in mortgage loan processing or coordination.
  • Strong understanding of residential mortgage documentation (1003, income/asset docs, credit reports).
  • Excellent organizational skills and attention to detail.
  • Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.
  • Strong communication and follow-up skills.
  • Familiarity with mortgage compliance requirements, particularly the SAFE Act.
  • Working knowledge on Encompass LOS is plus

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eClerx

IT Services and IT Consulting

Mumbai Maharashtra

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