What are the responsibilities and job description for the Mortgage Loan Processor position at VirtualVocations?
A company is looking for a Home Equity Loan Processor.Key ResponsibilitiesAnalyze and review loan documentation for credit and collateral acceptabilityCollaborate with members and staff to satisfy underwriting conditions and obtain loan approvalEnsure loan applications are complete and accurate prior to closingRequired QualificationsAssociate's degree in Business or equivalent work / educational experienceMinimum of one year experience in Home Equity or Mortgage LendingThorough understanding of real estate lending practices and regulationsKnowledge of RESPA, HMDA, Fair Lending, ECOA, and HUD regulationsCompliance with Safe Act legislation as a Mortgage Loan Originator (MLO)
