Loan Review Specialist
3 weeks ago
Job Title: Loan Review Analyst
Job Summary:
At Inficare, we are seeking a highly skilled Loan Review Analyst to join our team. As a Loan Review Analyst, you will be responsible for performing in-depth forensic underwriting reviews of closed mortgage loan files to ensure compliance with applicable State and Federal laws and lender guidelines.
Key Responsibilities:
- Review and analyze borrower's mortgage applications, credit reports, and related documents to identify major and minor deficiencies.
- Review employment documentation and re-calculate income for completeness and accuracy per guidelines.
- Review and recalculate asset documentation per guideline requirements.
- Review credit reports and re-calculate liabilities.
- Review title commitments and title policies.
- Review and analyze real estate purchase contracts.
- Review and analyze HUD-1/Closing Disclosures.
- Review and analyze transaction costs, seller and financing concessions, and assets required to close.
- Review appraisals for completeness, red flags, health and safety issues, and external obsolescence.
- Analyze individual loan files and determine compliance with applicable lender guidelines.
- Identify all red flags within a loan file and ensure they are addressed accordingly.
- 3+ years underwriting experience with exposure to both manual and automated underwriting environments.
- Minimum two years' experience underwriting to FNMA and/or FHLMC guidelines.
- Demonstrate impeccable written and verbal communication skills.
- Excellent time management skills with an emphasis on quality.
- Knowledge and understanding of transaction components that indicate a loan is investment quality.
- Must be self-motivated, creative, and able to work in a team environment while thinking independently and sharing knowledge and ideas.
- Must be able to multi-task between multiple analytical projects.
- Strong computer skills.
- High school or equivalent (Required).
- Forensic underwriting: X years (Required).
- Front-end underwriting: X years (Required).
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