Responsibilities
• Analyze various financial documents, including W2s, 1099s, and tax returns, to extract accurate income data.
• Ensure the documentation provided by borrowers is complete and compliant with lending guidelines.
• Develop and maintain Excel models to calculate borrower income based on the provided documentation.
• Use these models to determine the final Debt-to-Income (DTI) ratio for each borrower.
• Accurately calculate the borrower’s Debt-to-Income (DTI) ratio by considering all relevant income and debt information.
• Ensure compliance with established DTI thresholds and lending criteria.
• Operate in a fast-paced environment where incoming online leads trigger work orders.
• Complete income calculations promptly, meeting established timelines.
• Collaborate with team members to review and verify each other’s work for accuracy and completeness.
• Maintain high-quality standards in income calculations.
Qualifications and Requirements
• Experienced working with DTI (debt to income) ratio analysis.
computer literacy skills with strong proficiency in Excel.
• Strong understanding of mortgage lending, real estate transaction, and related regulations.
• Ability to analyze financial documents, payoffs, and administrative accuracy to perform quality review checks effectively.
• Clear and coherent communication skills to interact effectively with borrowers, lenders, and other parties involved in the closing process.
• Strong analytical skills to accurately review and interpret financial documents.
• Keen eye for detail to review and ensure the accuracy of various documents, calculations, and documents.
• Ability to manage multiple tasks and prioritize effectively.
• Exceptional attention to detail and accuracy in documentation
• Demonstrated ability to handle confidential information with discretion and professionalism.
• Problem-solving skills and a proactive approach to identifying and resolving discrepancies.
• Strong time-management skills and the ability to meet deadlines in a fast-paced environment.
