Loan Processor - ByInvite Finance

The Loan Processor is responsible for managing the mortgage loan process from application to closing. This role involves gathering and verifying financial information, reviewing loan applications for compliance, liaising between the borrower and underwriter, and working with mortgage aggregators to ensure a smooth and efficient loan approval process.

• Collect and review loan applications and supporting documents to ensure completeness and accuracy.

• Request information from clients and conduct thorough reviews.

• Obtain and verify necessary financial information, including income, assets, and credit reports.

• Conduct credit checks and cross-check with disclosed liabilities.

• Ensure all loan applications comply with Australian lending regulations and guidelines.

• Review Cashdeck for Livex and undisclosed liabilities.

• Act as a liaison between borrowers, underwriters, mortgage aggregators, and other stakeholders to facilitate the loan approval process.

• Work closely with mortgage aggregators to submit loan applications, track progress, and resolve any issues that arise.

• Order valuations and manage post-approval to settlement process.

• Prepare and submit loan files to mortgage lenders and banks for approval.

• Track and follow up on loan applications to ensure timely processing and approval.

• Address and resolve any issues or discrepancies that arise during the loan processing stage

• Provide exceptional customer service to borrowers, answering their questions and guiding them through the loan process.

• Conduct CCR (comprehensive credit reporting) and cross check against disclosed liabilities

• Request outstanding documents based on CCR including (if applicable):

  • Credit card statements

  • Personal loan statements

  • Car loan statements

  • HECS statements

• Check Cashdeck (or whatever software is being used);
  Open Banking for undisclosed liabilities and cross check against Declared Livex/HEM

• Correspond with client for any outstanding information

• Complete high level/initial serviceability check on Quickl (for PAYG/simple apps)

• Conduct pricing request and product comparison on a case by case basis

• Prepare AOL for submission