The Loan Processor is responsible for processing loan applications in compliance with mortgage lending and applicable investor guidelines.
Performs duties such as analyzing the loan application, assessing creditworthiness and the likelihood that a loan applicant will be able to repay the debt, analyzing the AUS /Guidelines as they pertain to the loan product and sales structure, reviewing title commitments and fees, ordering subordinations and allocating fees properly in the system.
Responsible for monitoring the loan process and managing the proper expectations with the client and the sales staff through closing. Based on these assessments, the Loan Processor makes mortgage loan recommendations for all Government and Conforming Full Doc products. The Loan Processor works on a blend of all products based on pipeline management ability.
Essential Job Duties and Responsibilities include:
- Excellent Customer Service. The Loan Processor is the primary customer contact, and may act as liaison between the borrower, underwriter, loan advisor, and real estate agents.
- The Loan Processor is required to provide periodic status updates, and timely return all incoming inquiry calls.
- The Loan Processor is responsible for noting all communication and statuses in the Loan Operating System.
- The Loan Processor will contact the borrower(s) for all outstanding documents needed including but not limited to the items on the Underwriting Terms and Conditions sheet.
- Validates the 1003 loan application for completion and accuracy and confirms information entered in Loan Origination System matches.
- Completes various Processing Checklists to confirm documentation requested was received and loan is ready to go back to Underwriting for final approval
- Escalates loans through proper channels if a loan no longer qualifies or a restructure is needed
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
- Overtime
- Weekends as needed
Education:
- High school or equivalent (Required)
Experience:
- Loan processing: 3 years (Required)
Work Location: Remote
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
Education:
- High school or equivalent (Required)
Experience:
- VA mortgage processing: 3 years (Required)
Work Location: Remote
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
Application Question(s):
- What was your average pipeline size for your last two processing positions?
Education:
- High school or equivalent (Required)
Experience:
- VA mortgage loan processing: 1 year (Preferred)
- FHA mortgage loan processing: 1 year (Preferred)
- conventional mortgage loan processing: 1 year (Preferred)
Work Location: Remote