Examines overall loan documentation to ensure accuracy and completeness.
Reviews loan-to value ratio, credit reports, applications, etc., to ensure each loan meets company standards for sale into secondary market.
Analyzes applicants’ financial status, credit and property evaluations to determine feasibility of granting loan.
Provides an underwriting decision to either approve or deny loans within agency, investor and bank guidelines.
Ensures loan agreements are complete, accurate and in accordance with bank policy.
Communicates with the wholesale mortgage client to convey loan decisions, answers questions, and finalize incomplete loan packages