Loan Partner

Pre-qualifications
Takes complete loan applications
Runs credit
Runs pricing / quotes rates / generates fee worksheets
Pre-qualifies clients for loan program
Runs D/U
Runs and prints a MI quote (if applicable) to put in the file
Creates pre approval letters for borrower
Gathers all initial documentation from client
Requests loan disclosures once a contract is in
Signs clients who want to sign initial disclosures in person
Submits loan to processor within 24 hours of receiving disclosures back
Sends all documentation to processing in an email, along with a brief intro to the file (things to be aware of etc…)
Makes sure we have all the basics in the file when turning it over to the Processor. Processor is not used as a cleanup person. (Tax returns, ID’s, SS cards, 1099’s/W-2’s, Bank statements, Retirement accounts, Bankruptcy paperwork, pension awards letters, SS awards letters, DD214’s, all explanation letters for deposits, etc…)
Prepares Cash to Close Worksheets - Payment Breakdowns for LO to present to clients.
Locks Loans (informs processor when loan is locked) so she can re-disclose
Meets with clients (takes phone calls) over any concerns during the process
Has a weekly meeting with the processor to go over status on all files
Weekly updates to all parties
Monitors the loan through close
Pipeline reviews weekly with processor & Marketing asst.
Helps put out fires with loans as needed