In this position, you will review and analyze all credit and collateral documents, then issue lending decisions based on the documented borrower profile within the program guideline requirements. Specifically, this will include performing high quality jumbo residential mortgage file analysis, confirming the calculations used to decision the loan such as DTI, LTV, and Reserves, and providing a written summary of loan findings which summarize loan characteristics in the areas of credit, income, assets, collateral, and the overall transaction. We'll look to you to:
- Review credit reports to determine credit pattern, current liabilities, outstanding judgments and collections
- Review residential mortgage appraisal forms
- Analyze asset statements for all types of asset accounts
- Analyze income from salaried, commissioned, self-employed, investments, fixed income sources
- Determine monthly income based on bank statements and/or asset depletion
- Knowledge of the requirements to meet CFPB's Ability to repay standard
- Provide a written summary of loan details which clearly documents any exceptions to company guidelines and appropriate compensating factors