Home Equity Loan Processor

Job Summary

A company is looking for a Home Equity Loan Processor.

Key Responsibilities

• Process Home Equity Loans by reviewing and analyzing required documentation
• Manage underwriting conditions and coordinate with members and underwriters for final approval
• Prepare loans for closing by ensuring applications are complete and calculations are error-free

Required Qualifications

• Associate's degree in Business or equivalent work/educational experience
• Typically one year of experience in Home Equity or Mortgage Lending
• Thorough knowledge of loan policy, real estate lending practices, and regulatory requirements
• Knowledge of RESPA, HMDA, Fair Lending, ECOA, and HUD rules and regulations
• Compliance with Safe Act legislation requiring annual registration as a Mortgage Loan Originator (MLO)