Mortgage Lending Intern

Job description

Job DetailsJob Location: Corporate Headquarters - Chattanooga, TN 37402Position Type: SeasonalJob Shift: M - F 8:00 - 4:45Job Category: Real EstateJOB SUMMARY: The primary goal of the Mortgage Lending Intern will be to introduce students to the various steps and processes of a mortgage loan from the selection of a property to closing, learning the differences in basic mortgage products, income calculations and requirements; while also helping the team with various tasks. This will be accomplished by job shadowing, assisting with various tasks, reviewing documents, and doing ratio calculations used in the approval process. The intern will also spend time with the servicing department to see what happens after a mortgage is closed. ESSENTIAL DUTIES AND RESPONSIBILITIES: Review loan records for activity, loan maturity and accuracy. Compare hard copy files to electronic records to help identify new loan opportunities. Review sales contracts, mortgage credit reports, flood certifications, appraisals, title work, tax returns, and closing package documents. Work with loan officer assistants and loan processors in the day-to-day follow up required to trach outstanding items from third part...