The Mortgage Underwriting/Processing Administrator plays a vital role in facilitating the smooth and efficient processing and underwriting of mortgage applications. As a key member of the mortgage team, the administrator provides essential support to loan officers and underwriters throughout the loan approval process.
Responsibilities:
- Review and analyze mortgage loan applications to ensure completeness and accuracy of documentation.
- Gather necessary financial and credit information from applicants to support the underwriting process.
- Verify applicant's income, employment, and credit history to assess their eligibility and creditworthiness.
- Collaborate with loan officers, borrowers, and third-party vendors to collect required documentation, resolve discrepancies, and address inquiries.
- Organize and maintain loan files and documentation in compliance with regulatory guidelines and internal policies.
- Conduct preliminary underwriting assessments to identify potential risks and make recommendations for loan approval or denial.
- Assist underwriters in preparing loan approval packages, including compiling all relevant documents and data.
- Ensure compliance with all applicable laws, regulations, and internal guidelines throughout the loan processing and underwriting stages.
- Communicate with loan officers, borrowers, and other stakeholders to provide status updates and address any outstanding issues.
- Stay updated on industry trends, regulations, and best practices related to mortgage underwriting and processing.
- Proven experience in mortgage underwriting, loan processing, or a related role within the mortgage industry.
- Solid understanding of mortgage loan products, underwriting guidelines, and industry regulations.
- Strong attention to detail with exceptional organizational and time management skills.
- Excellent verbal and written communication skills to effectively interact with borrowers, loan officers, and other stakeholders.
- Proficiency in using mortgage loan origination systems, underwriting software, and other relevant tools.
- Ability to work independently and collaboratively in a fast-paced, deadline-driven environment.
- Strong analytical and problem-solving abilities to assess complex financial and credit information.
- Demonstrated commitment to maintaining the highest level of ethical standards and customer service.
