This position is responsible to understand, comprehend and maintain with all laws and regulations such as TILA-RESPA, ATR/QM, and HMDA. It requires reviewing and evaluating applications for all products offered to determine credit worth of applicant.
Commensurate with experience plus potential for annual merit increase.
- Review loan applications and all supporting documentation (i.e. financial statements and employment history) to assess borrowers credit worthiness and ensure product guidelines and regulations are met
- Responsible for adhering to Bank QC timing requirements
- Review and provide corrective action of findings to management regarding problem loan applications
- Review closing documents to ensure they meet regulatory guidelines and follow up with loan office and/or bank attorney for any corrective action
- Review LE and CD to ensure RESPA compliance
- Associates Degree
- mortgage processing experience
- legal office real estate closing experience
- Nice to have: Two years Mortgage experience
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