01Responsibilities
Review and analyse the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor and the company.
Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis | Risk Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios
Review Initial application - Verify loan, property, borrowers information with other available documents - Verify borrower's monthly income and expenses - Verify other relevant sections.
Review all the documents related to borrowers Credit, Capacity, Collateral and Capital.
Calculate asset required for closing and reserve purpose for the transaction (as per guideline)
Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
Provides final approval un .
