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Job role:

- Reviewing and validating information from LOS against various documents viz., 1003,

1008, AUS, Initial Disclosures, HOI, Income and Asset documents

- Rerun AUS if found discrepancies in the information entered in LOS and highlight the discrepancies to loan officers.
- Review the credit reports and validate liabilities. Highlight red flags (if any)
- Placing the order for Third party documents like Title, Property Profile, Appraisal,

Flood Certificate and Hazard Insurance documents

- Run compliance test on the loan to assess risks and the auditor regulatory exposure
- Reviewing the source of income and confirming if the DTI is within the permissible limit as outlined in the loan program
- Reviewing Title Report & extracting Tax information from County website or NERT portal
- Indexing all mortgage documents manually according to the segments
- Analysing the requirement of payoff stating and placing the order as and when required
- Communicating with client over the issues on any reviewed documents or requesting missing documents for pushing the file to Processing
- Assisting & communicating with loan processor to identify the documents requirement which determines whether the loan is valuable to move to underwriting.




- Review loan documentation for accuracy, completeness, and compliance with banking regulations and investor guidelines to build Investor Package
- Hands on experience in compiling, stacking & monitor all investor deliveries
- Report to management any outstanding issues immediately and on a scheduled basis

Experience

- Two or more years of experience in Loan Setup/Loan Processing
- Exposure to the Empower/Lending QB/Encompass Loan Origination System is necessary
- Strong working knowledge of FNMA, FHLMC and Government Loans guidelines
- Demonstrated abilities to communicate, both verbally and in writing, to fellow employees, customers, and external vendors in a professional, articulate, and respectful manner until the loan proceeds to Underwriting
- Proven experience meeting deadlines, while producing error-free work
- A passion and desire to continuously improve their style and work productivity
- Strong technical skills and ability to work in a paperless environment
- Working knowledge in Microsoft Office applications ((Excel, Word and Outlook) is preferred

Knowledge of documents required for FHA, USDA, VA, conventional, ARM, DPA Loans etc.

📌 Urgent job opening for Senior Process Associate - Loan Setup & Shipping for one of the US morgage comapny-remote (India)
🏢 RECEX
📍 India