Review loan application whether Agency or Non-QM loans (mostly jumbo loans) to approve,suspend, decline or counter offer.
·Evaluate credit worthiness of the borrowers to ensure that it meets the guidelines.
·Calculate income/self-employed cash flow using personal and or business tax returns.
·Review assets to ensure adequate funds to close and reserves are satisfied.
·Review appraisal to identify if it meets the requirements.
·Review of condo documents based on guidelines.
·Review overall files if it meets program guidelines requirements.
·Performs Ability to Repay qualification
·Submission of exceptions if loan program does not meet the guidelines and has an availablecompensating factors.
