Equity Loan Processor

Company: SolomonEdwards
Location: Omaha
Posted on: April 9, 2021

Job Description:

The primary purpose of this position is to provide detailed guidance and advice in order to fulfill all loan qualification requirements in a compliant manner while ensuring exceptional member service by on-going communication to members and business partners. Responsible for evaluating and validating all information provided on the residential loan application and communicating to members any additional requirements. Serves as the member and real estate agents' primary point of contact throughout the real estate transition.Responsibilities:-- Review all loans and registrations for completeness and accuracy. -- Act as Members main point of contact throughout the entire mortgage process, ensuring excellent levels of member service by providing guidance/advice/counsel on process, in a detailed and comprehensive manner.-- Determine initial potential for qualification by evaluating credit history, income levels and assets/liabilities; calculate debt- to-income and loan-to-value ratios.-- Restructure loan request and recommend for adverse action as needed.-- Responsible for reviewing and addressing items involving credit, occupancy and employment verifications and order verbal verification of employment (VVOE) for pay-off accounts.-- Update loan origination system with the information from collected documents and re-run as appropriate.-- Assemble and submit completed file to Underwriting (UW); clear manual conditions, cure title issues, resolve appraisal discrepancies with appraisal review group as needed.-- Clear any prior-to-fund conditions that arise after final UW approval before passing loan to Closing.-- Remain main point of contact with borrower through closing and funding and answer any questions that borrower may have (.-- Manage and cure any QC loan issues that require borrower communication.-- As required, ensure proper re-disclosures are prepared and delivered to the member within regulatory guidelines based on identified change in circumstances.This role is responsible for ensuring business continuity.QualificationsEquivalent combination of education and experience is considered.-- Bachelor's degree or a combination of education and experience that provides the necessary skills and knowledge to satisfactorily perform the essential job functions.-- Minimum of one (1) year of experience preferably in residential mortgage lending in 1st Trust Mortgage or Home Equity processing/closing is preferred. -- If experience is not 1st trust mortgage or home equity, at least two (2) years in consumer loan processing/closing is required. These loans products include auto, credit card, student loan or consumer unsecured. -- Strong technical/computer competency is required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.

Keywords: SolomonEdwards, Omaha , Equity Loan Processor, Accounting, Auditing , Omaha, Nebraska