Wholesale Loan Set-Up

New Penn Financial Plymouth Meeting , PA 19462

Posted 2 months ago

Position Description

Title: Wholesale, Loan Setup

FLSA Status: Non-exempt

Department: TPO Operations

Location: PA, Plymouth Meeting

Reports To: Wholesale, Loan Setup Team Lead

Primary Function

The main focus of the Wholesale, Loan Setup position is to conduct loan review of files submitted by the clients prior to submission to underwriting. In this role, the employee maintains NPF quality standards through proper loan due diligence, attention to detail, and completion of all required steps in a timely and efficient manner.

Principal Duties

  • Assist in the generation of Loan Estimates on files not yet submitted to processing

  • Perform loan type specific file review (Agency, FHA, VA, Non-QM) for accuracy and compliance

  • Work with third party clients to correct and reissue credit reports and resolve licensing issues

  • Order verbal verifications of employment

  • Order case numbers for FHA and VA loans

  • Order, receive and review tax transcripts via 4506T process

  • Process changes of circumstance and issue revised loan estimates as required per policy

  • Other duties as assigned by team manager

Education and Experience Requirements

  • College Degree, business or finance preferred but not required

  • Mortgage experience required - minimum one (1) year, such as processing or related mortgage experience

Knowledge, Skill and Ability Requirements

  • Requires excellent verbal and written communication skills

  • Requires organization and the ability to manage multiple tasks.

  • Excel and Word

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Wholesale Loan Set-Up

New Penn Financial