Pre-Purchase Review
Pre-Purchase Reviewer is to review the closed loan file documents and ensure that the loan closed according to the approval, meets all federal, state, local and investor requirements.
- Review the loan documents using the Pre-Purchase Review checklist for completeness and accuracy
- Strong knowledge of ATR/QM, RESPA, TRID and mortgage compliance regulations
- Review all loan types including Conventional, FHA and VA
- Add suspense conditions in a clear concise manner in LOS for any deficiencies noted as part of the above review
- General knowledge of Fannie Mae, Freddie Mac, FHA and VA guidelines a plus.
