What are the responsibilities and job description for the Mortgage Loan Originator Assistant position at Gateway First Bank?
Mortgage Loan Originator Assistant JOB SUMMARY:
The Loan Originator Assistant is responsible for assisting Loan Originators in the residential mortgage origination process.
Mortgage Loan Originator Assistant ESSENTIAL FUNCTIONS (RESPONSIBILITIES):
* Prepares and maintains mortgage loan files from application to submission into processing and ensures the completeness and accuracy of required documents.
* Gathers and reviews credit documentations to ensure the loan file is prepared for processing and orders any third-party items, such as credit reports and appraisals, as instructed.
* Reviews and calculates borrower income and assets to ensure compliance with underwriting guidelines.
* Communicates status updates to clients, retail team and referral partners.
* Monitors product, underwriting, and compliance guidelines and maintains a current file of applicable guidelines.
* Reviews rates and terms of mortgage loan products with consumers, as requested.
* Maintains relationships with referral partners.
* Exercises awareness with regard to possible suspicious activity, money laundering or fraudulent behavior and reports any such incidents to the BSA department. Performs all job functions in compliance with all company policies and federal, state, and local laws and regulations as applicable to the position, including, but not limited to BSA/AML, OFAC and GLBA/privacy rules.
* Performs related responsibilities as required or assigned.