Loan Processor
We are looking for a processor to join our dynamic team! The ideal candidate will have relevant, current, Direct Lender Mortgage Banking processing experience. Extensive government experience with FHA, VA, & USDA is a must! In addition must have experience in both the Correspondent and Wholesale environment. This candidate will understand the need for exceptional service and loan management for all loans from lock to funding. Work as a team with sales and management to ensure the loans in your pipeline are being processed with attention to detail, accuracy, and in compliance of RESPA.
If you're looking for a fast-paced and learning environment, this maybe
DUTIES:
Product Knowledge-Responsible for a working knowledge and understanding of investor guidelines, including but not limited to investor and MI overlays, government loan guidelines and processes. Must have knowledge of escrow and title procedures and requirements. Must have the ability to navigate DO and investor underwriting systems. Must have the ability to read and review appraisals and tax returns.
Maintain pipeline-Responsible for ensuring top rate service, exemplary communication, high quality submissions, efficient processes and accuracy. This includes meeting with loan officers on a daily basis, answering questions in a timely manner and resolutions to problem loans. Responsible for ensuring loans move through the pipeline.
Effective Communication-Between processing, sales, investors, lenders, borrowers, escrow and title. Maintain a team environment.
Problem Resolution-Responsible for finding solutions to problems in a quick and efficient manner. Provide guidance prior to submission on challenging files as well as the ability to find creative and acceptable solutions for restructuring loans. Ability to analyze and explain conditions to sales staff. Knowledge and ability to find acceptable alternative documentation to satisfy conditions when necessary.
Quality Control-Responsible for ensuring loans are in compliance with government and investor regulations. RESPA, HMDA, VA, FHA FNMA/FHLMC etc.
ADDITIONAL REQUIREMENTS:
Minimum 3
recent, relevant processing experience required.
Verifiable References
Must work well under pressure
Ability to multi-task
Excellent Verbal and Written communication skills
Compensation
Base Salary: $45,000-$60,000
Estimated Salary: $20 to $28 per hour based on qualifications.
If you're looking for a fast-paced and learning environment, this maybe
DUTIES:
Product Knowledge-Responsible for a working knowledge and understanding of investor guidelines, including but not limited to investor and MI overlays, government loan guidelines and processes. Must have knowledge of escrow and title procedures and requirements. Must have the ability to navigate DO and investor underwriting systems. Must have the ability to read and review appraisals and tax returns.
Maintain pipeline-Responsible for ensuring top rate service, exemplary communication, high quality submissions, efficient processes and accuracy. This includes meeting with loan officers on a daily basis, answering questions in a timely manner and resolutions to problem loans. Responsible for ensuring loans move through the pipeline.
Effective Communication-Between processing, sales, investors, lenders, borrowers, escrow and title. Maintain a team environment.
Problem Resolution-Responsible for finding solutions to problems in a quick and efficient manner. Provide guidance prior to submission on challenging files as well as the ability to find creative and acceptable solutions for restructuring loans. Ability to analyze and explain conditions to sales staff. Knowledge and ability to find acceptable alternative documentation to satisfy conditions when necessary.
Quality Control-Responsible for ensuring loans are in compliance with government and investor regulations. RESPA, HMDA, VA, FHA FNMA/FHLMC etc.
ADDITIONAL REQUIREMENTS:
Minimum 3
recent, relevant processing experience required.
Verifiable References
Must work well under pressure
Ability to multi-task
Excellent Verbal and Written communication skills
Compensation
Base Salary: $45,000-$60,000
Estimated Salary: $20 to $28 per hour based on qualifications.
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