Job role:
1. Reviewing and validating information from LOS against various documents viz., 1003,
1008, AUS, Initial Disclosures, HOI, Income and Asset documents
2. Rerun AUS if found discrepancies in the information entered in LOS and highlight the
discrepancies to loan officers.
3. Review the credit reports and validate liabilities. Highlight red flags (if any)
4. Placing the order for Third party documents like Title, Property Profile, Appraisal,
Flood Certificate and Hazard Insurance documents
5. Run compliance test on the loan to assess risks and the auditor regulatory exposure
6. Reviewing the source of income and confirming if the DTI is within the permissible
limit as outlined in the loan program
7. Reviewing Title Report & extracting Tax information from County website or NERT
portal
8. Indexing all mortgage documents manually according to the segments
9. Analysing the requirement of payoff stating and placing the order as and when
required
10. Communicating with client over the issues on any reviewed documents or
requesting missing documents for pushing the file to Processing
11. Assisting & communicating with loan processor to identify the documents
requirement which determines whether the loan is valuable to move to underwriting.
12. Review loan documentation for accuracy, completeness, and compliance with
banking regulations and investor guidelines to build Investor Package
13. Hands on experience in compiling, stacking & monitor all investor deliveries
14. Report to management any outstanding issues immediately and on a scheduled
basis
Experience
1. Two or more years of experience in Loan Setup/Loan Processing
2. Exposure to the Empower/Lending QB/Encompass Loan Origination System is
necessary
3. Strong working knowledge of FNMA, FHLMC and Government Loans guidelines
4. Demonstrated abilities to communicate, both verbally and in writing, to fellow
employees, customers, and external vendors in a professional, articulate, and
respectful ma
📌 Urgent job opening for Senior Process Associate (India)
🏢 RECEX
📍 India
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