Mortgage Loan Analyst III

Job Description

Mortgage Loan Analyst III

Department/Branch: Underwriting/Corporate Operations

Reports to: Underwriting Vice President

FLSA Status: Non-Exempt

Work Schedule: Full-time

Location: Fully Remote – This position is located in the United States. Currently, we are not able to employ candidates who will work from outside the U.S. for this role.

POSITION SUMMARY DESCRIPTION

Process and Underwrite Conforming Conventional, FHA, VA, USDA and Jumbo Loans. Accountable for the accurate, complaint, and timely processing and underwriting of residential mortgage loans from application through final approval and closing. Ensure loan files meet all company, investor, state, and federal guidelines by verifying documentation, analyzing risk, determining conditions, and issuing approval or denial decisions. Works collaboratively with internal partners to ensure quality loans, strong customer service, and adherence to productivity and quality control standards.

Specific Responsibilities

• Organize, compile, verify, and analyze mortgage loan files.
• Underwrite and evaluate residential mortgage loans.
• Determine loan eligibility, conditions, approvals, or denials in compliance with guidelines.
• Communicate decisions clearly and meet departmental productivity and quality standards.
• Review residential loan applications for completeness, accuracy, and compliance.
• Calculate income, check for garnishments, review assets for large deposits, gifts, loans not on the credit report.
• Review appraisal to ensure accuracy and completeness. Contact borrower for any additional information required.
• Run AUS to ensure meet all required finding conditions.
• Update all documentation received in encompass after file is submitted to MLA.
• Order and coordinate loan documents.
• Contact specified companies to collect information regarding the property’s price, appraisal survey, and title insurance.
• For non-delegated loan programs, submit mortgage loa...