Mortgage Loan Evaluator

2 weeks ago


St Louis, Missouri, United States FirstBank Full time
Position Overview

The Mortgage Loan Evaluator plays a crucial role in assessing mortgage loan applications to establish creditworthiness and ensure adherence to all institutional and investor guidelines regarding loan-to-value ratios and documentation standards.

Key Responsibilities
  • Verifying maximum loan limits and loan-to-value (LTV) criteria
  • Assessing income levels through the examination of employment verification documents and tax returns
  • Documenting adequate financial resources necessary for loan closure
  • Evaluating the completeness of credit documentation provided, including verifications and supporting evidence
  • Interpreting credit reports and understanding credit reporting standards
  • Assessing risks and making informed credit decisions based on application details
  • Reviewing loan files to ensure compliance with all regulatory standards at the initial application stage
  • Issuing loan approvals or notifications of adverse actions promptly
Qualifications
  • High school diploma or equivalent educational background
  • Two to four years of relevant experience or training, or a combination of education and experience
  • Thorough understanding of underwriting and qualification criteria for FirstBank and secondary market investors, including FHA, VA, FMHA, Fannie Mae, Freddie Mac, and private entities
About FirstBank

Join a dynamic organization that values its employees and clients. As part of FirstBank, you will be associated with one of the largest independent banks in the United States, proud of its century-long growth and success.

Commitment to Diversity

At FirstBank, we believe that our strength lies in the diversity of our workforce. We are dedicated to fostering an inclusive environment that promotes personal and professional growth across all levels of the organization. We actively seek candidates from various backgrounds and experiences.

FirstBank is an Equal Opportunity/Affirmative Action employer. All qualified applicants will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.

We support a hybrid work model that allows flexibility in work locations based on job requirements and team needs. In-office days are designed to enhance collaboration, productivity, and efficient decision-making.



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