POSITION SUMMARY:
The role of the Loan Setup Reviewer is to review the closed loan file documents and ensure that the loan is closed according to the approval, meets all federal, state, local and investor requirements and that the data in the LOS matches the data in the mortgage loan documents received by the different correspondent lenders
JOB FUNCTIONS AND RESPONSIBILITIES:
The LSU Reviewer will be responsible to review the closed loan submitted for purchase. The job responsibilities include `but are not limited to the following:
• Review the loan documents using the LSU checklist for completeness and accuracy of data
• Review all loan types including Conventional, FHA ,VA & USDA
• Add suspense conditions in a clear concise manner in LOS for any deficiencies noted as part of the above review
• Enter and/or update delivery data in LOS
• General knowledge of Fannie Mae, Freddie Mac, FHA and VA guidelines a plus
• Detail oriented
• Adhere to strict timelines prescribed by the Management and provide the review response in the desired timeframe
• Flexibility to work in Night Shift (if needed) or change the shift at minimum notice
• Excellent written and verbal communication skills
• Should have good comprehension skills and ensure all changes and updates are immediately adopted
• Experience working in a production environment preferred
EDUCATION / EXPERIENCE
• Minimum Bachelor’s degree is a must
WORK SCHEDULE OR TRAVEL REQUIREMENTS
Dayshift
