
Loan Approval Specialist
2 days ago
As a Loan Approval Specialist, you will play a critical role in reviewing mortgage loan applications and ensuring compliance with relevant guidelines and regulations.
Your expertise will be essential in facilitating loan approvals for qualified borrowers while minimizing risks for the lender.
Your responsibilities will include thoroughly reviewing mortgage loan applications to confirm the presence of all necessary documentation, verifying applicant information such as income, employment history, credit history, and assets, and analyzing credit reports and scores to determine creditworthiness.
You will assess the risk associated with each loan application based on the applicant's financial profile.
It is imperative that all loans adhere to federal and state regulations, as well as lender-specific guidelines.
Staying updated on mortgage regulations and guidelines is crucial to maintaining compliance and identifying potential fraud or misrepresentation in loan applications.
You will communicate effectively with loan officers, borrowers, and other stakeholders to gather additional information or clarify discrepancies.
Maintaining organized records of all loan files and documentation, making informed decisions regarding loan recommendations, and collaborating with other departments for a seamless loan closing process are key aspects of your responsibilities.
To qualify for this role, you should hold a Bachelor's degree in finance, business, or a related field and possess a minimum of 2 years of experience in US mortgage underwriting.
Strong analytical skills, knowledge of mortgage industry regulations, familiarity with underwriting software and automated systems, excellent communication skills, attention to detail, and the ability to work independently are essential attributes we seek in potential candidates.
We value immediate joiners, but candidates with a notice period of up to 3 months are welcome to apply.
We offer comprehensive medical plans, office perks, and allowances to ensure your well-being and convenience.
Join us and be part of a dynamic team where your skills and potential are recognized and valued.
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