STANDARD COMPETENCIES:

 

 I.      Analyze documentation of specialized loans;

 II.     Describe the processing procedure due to specialization;

 III.    Review an Application package from a loan officer

 IV.     Determine compliance of paperwork with Federal and state regulations

 V.      Manifest the ability to collect and compile information for the mortgage application and supporting documents in order to prepare the final mortgage loan file. Place documents in proper file order for submission

 VI.     Determine files completeness for underwriting pre-approval submission

 VII.    Interpret automated underwriting system recommendations for file documentation purposes

 VIII.   Request documents needed to support underwriting recommendations

 IX.     Examine and analyze documents received for content conformity to loan guidelines

 X       Prepare final 1003, 1008 and Cash Flow analysis for submission for final approval

 XI.     Analyze personal tax returns for Cash Flow analysis

 TOPICAL OUTLINE:

 

 I.      Complete a detailed application review worksheet

 II.     Review an application package from a Loan Officer

 III.    Federal and State Regulations

 IV.     Complete a Prior-to Submission Worksheet

 V.      Complete an Itemization of Document Content Worksheet

 VI.     Analyze personal tax returns with Schedule C for cash flow Analysis

 VII.    Prepare final 1003, 1008 and Cash Flow analysis

 VIII.   Interpret automated underwriting system recommendations

 IX.     Request documents needed to support underwriting criteria

 X       Examine documents for conformity to loan guidelines