Loan Analyst II - WMC Mortgage Corporation

CITY: Honolulu STATE: Hawaii COUNTRY: USA Essential Functions (Responsibilities):
Responsible for accurately reviewing more difficult loan file conditions and packages submitted by approved brokers. This position is also responsible for working with brokers as well as internal and external staff. The primary responsibilities of this position is to gather, review and approve more complex loan documentation submitted by brokers based on WMC's Credit Policy Guidelines.

* Maintains comprehensive knowledge of WMC's loan programs, procedures, lending guidelines, and technological resources.
* Maintains professional, ethical, and courteous relationships with both external and internal customers.
* Reviews loan file conditions based on underwriting approval.
* Makes good business decisions based on validation of conditions, i.e., income calculations, appraisal and credit report.
* Verifies program and pricing with broker.
* Prepares loan files for submission to the Funding Department.
* Communicates effectively with brokers, title companies, escrow companies and attorneys regarding the status of loan files.
* Works directly with their assigned BDRs on pipeline management.
* Reviews Broker Demand prior to submitting loan to Funding.
* Completes Section 32 forms accurately.
* Works with brokers to provide alternative documentation effectively as needed.
* Provides accurate information on internal Quality Control process forms.
* Funds a minimum of 20 loan packages per month.
* Knows and understands the file flow system within WMC.
* Reviews all loan conditions within a 24-hour period from the received date.
* Updates the Mortgage Flex system accordingly.

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Qualifications/Requirements:
* High school diploma or equivalent.
* Minimum two years of Residential Underwriting/Processing experience.
* Excellent customer service skills
* Above average verbal and written communications skills.
* Ability to interact effectively with the underwriting, sales, and funding staff.
* Above average software skills and knowledge in Mortgage Flex, e-mail, Internet, and MS Word.
* Ability to assist in facilitating progressive change.
* Above average planning and organizing skills.

Desired:
* Working knowledge of Mortgage Banking as it relates to the credit and funding processes in a sub-prime credit environment is strongly desired.

General:
WMC Mortgage Corp, a GE Money Company, is a wholesale mortgage lender that specializes in flexible financing alternatives for borrowers who have less than perfect credit scores, high debt ratios, foreclosures and bankruptcies. Our goal is to provide the most flexible lending alternatives to our borrowers with real credit concerns including past bankruptcies, foreclosures and less than perfect credit. The WMC team hires and trains experienced professionals that are committed to customer service and satisfaction. We offer great company benefits, such as company medical, dental, 401K, optional life and long term disability insurance. WMC is an Equal Opportunity Employer.


We offer a competitive salary, outstanding benefits package and the professional advantages of an environment that supports your development and recognizes your achievements. We are an Equal Opportunity Employer.