Job Description
Join a winning team of innovative thinkers, seasoned mortgage professionals, and financial experts. Build your career at Planet —recognized as a Top Mortgage Employer by National Mortgage Professional. Job Summary The Sr Loan Eligibility Specialist is responsible for performing advanced eligibility, documentation, and risk reviews for delegated, non-delegated, government, conventional, renovation, and non-agency mortgage loans. This role serves as a subject matter expert in loan eligibility, complex income analysis, and investor/ Planet guideline interpretation. The Sr Loan Eligibility Specialist independently evaluates complex borrower scenarios, validates compliance with agency, investor, and Planet Home requirements, and provides guidance to internal stakeholders regarding loan eligibility, documentation requirements, and risk considerations. This position supports the organization's quality, compliance, and operational objectives by ensuring loans are accurately structured and meet purchase and underwriting requirements prior to advancement in the loan lifecycle. Essential Duties and Responsibilities Performs comprehensive eligibility reviews for complex mortgage transactions, including Conventional, FHA, VA, USDA, Renovation, and Non-Agency products. Evaluates borrower risk profiles and identifies potential eligibility concerns related to credit, collateral, occupancy, assets, and documentation. Interprets and applies agency, investor, and Planet overlays to determine loan eligibility and purchaseability. Accurately inputs and validates loan data within the Loan Origination System (LOS), ensuring all required data fields are complete and accurate prior to underwriting and/or purchase; Identifies and resolves documentation deficiencies, discrepancies, and conflicting information. Serves as a point of escalation for complex eligibility questions and suspense conditions. Partners with Sellers, Underwriters, Account Managers, and Operations leadership to resolve is
