Team Leader - Loan Set Up

Qualifications

Four or more years of experience in Loan Setup/Loan Processing (1 year of team handling experience is preferred)

Exposure to the Lending QB/Encompass Loan Origination System is necessary.  Strong working knowledge of FNMA, FHLMC and Government Loans guidelines Demonstrated ability 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. Bachelors degree in finance, accounting or related field is preferred.

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 NET portal  Indexing all mortgage documents manually according to the segments  Analyzing 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 good to move to underwriting.