Mortgage Loan Credit Advisor at Freedom Mortgage

Posted in Accounting 2 days ago.

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Location: Mount Laurel, New Jersey

Job Description:

Freedom Mortgage

Freedom Mortgage Corporation is an Equal Opportunity Employer committed to workforce diversity. Qualified applicants will receive consideration without regard to age, race, color, religion, gender, sexual orientation, national origin, or their status as a protected veteran or an individual with disabilities. Local applicants encouraged to apply. Employment contingent upon successful completion of background investigation. Smoke-free workplace. Drug-free work environment. Excellent benefits package including medical, dental, vision and 401(k). All resumes are held in confidence. Only candidates whose profiles closely match requirements will be contacted during this search. LENDER NMLS ID:2767

Equal Opportunity Employer- Minorities/Females/Disabled/Veterans

Job ID: 9531
Location: Mt Laurel, NJ
Functional Area: Call Center
Department:Ops: LCA
Employment Type:Full Time
Relocation Provided: No

Position Description:
The Loan Credit Advisor/Underwriter is responsible for reviewing loan applications in conjunction with Credit, Income, and Asset documentation to determine if loan is to be submitted to Call Center Operations. This position is responsible for performing duties such as calculating income, analyzing loan applications, assessing creditworthiness and the likelihood that a loan applicant will be able to repay the debt and analyzing the AUS /Guidelines as they pertain to the loan product. Will work alongside sales, providing guidance to Loan Advisors to ensure that the borrower is being put into the product that provides the most benefit given their individual profile. Product knowledge must include: expertise in processing and underwriting VA, FHA, Conventional and Non-QM loans.
Job Functions may include:

Co-Located within Sales. Works directly with Loan Advisor to provide clear direction as to what is needed from the borrower in order to have a completed loan application. Requests and reviews the appropriated credit, income and asset documentation, and reviews alongside the application for data integrity. Calculates income in accordance to agency/investor guidelines for all income sources. Reviews and updates liabilities in accordance to agency/investor guidelines. Creates a needs list to be distributed to sales, operations and borrowers, detailing the items required for processing of loan. Runs the corrected/completed loan terms thru the appropriate Automated Underwriting engine, recognizing when a manual downgrade is required STIPS file. Recommends denial status for loans not meeting minimum standards. Works directly with Loan Advisor in re-structuring loans as necessary after documentation has been analyzed. This will include but not be limited to proposal to pay off additional debt and/or proposing new loan product(s). Provides feedback and training to Loan Advisor. Train employees involved in the process how to handle all products. Assigns file to self and reviews CIA info to confirm no issues. Sets PGR Trk item to be completed in Lakewood. Authorizes loan to be sent to Processor.

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.

Ability to work flexible hours as needed. Ability to function in an ever changing team environment. Demonstrate strong interpersonal, organizational, and time management skills. Ability to solve problems. MS Office proficient. Excellent customer service skills with strong attention to detail. Requires good analytical and math skills, strong oral and written communication skills, and outstanding computer skills.

Education and/or Experience:

High school diploma or general education degree (GED) required; Bachelor's degree preferred. 5 years related work experience in residential mortgage lending processing with underwriting experience. Current Mortgage Loan Processing knowledge. Product knowledge must include: expertise in processing and underwriting VA, FHA, Conventional and Non-QM loans.


Founded in Mount Laurel, NJ in 1990, Freedom Mortgage has since grown into one of the largest and fastest-growing privately owned full-service residential lenders in the USA. Licensed in all 50 states, Washington D.C., Puerto Rico and the Virgin Islands, Freedom Mortgage has over 5000 employees nationwide, proudly servicing $225.6 billion, and is still growing.

Our mission is to foster homeownership in America. Freedom is a leader in VA mortgage lending and is one of the mortgage industry's largest philanthropic supporters of the USO and military families through its Team Freedom Cares philanthropic arm.

Locations include suburban Philadelphia and Fishers, IN, two regions where we were named Top Workplaces. We also have large operating centers countrywide, including these desirable markets: Beaverton , OR; Boca Raton, FL; Columbia, MD; Jacksonville, FL; Melville, NY; Plano, TX; San Dimas, CA; Tempe, AZ; Troy, MI and Woodbridge, VA.

If you seek a sense of community, top training, opportunity for advancement, a comprehensive benefits package and reward and recognition program, look no further.