Loan Processor Full Time

We are excited you are interested in learning more! We pride ourselves on having a great company, filled with career opportunity!

A bit about us; We have been, closing loans and opening doors since 1960. As a mortgage banking firm we are dedicated to serving the home owner/buyer. Our goal is to provide affordable home financing for our customers, utilizing the best terms available while providing a level of professionalism and service unsurpassed in the lending industry.

Position Summary

You’d work alongside a close team, that helps each other hand in hand. You would process residential mortgage loans. Achieve production and quality metrics. Liaison between loan officer, borrower, underwriter and funding. Prepare and review loan file to ensure completeness of submission and supporting documents, as well as compliance with underwriting and investor guidelines. Monitor overall loan processing cycle time to ensure the loan closes on time. Communicate and coordinate the resolution of issues that delay loan closing timeline.

Essential Functions

• Monitor the overall lending process, and identify, resolve and communicate issues that could impact timely closure of loans.

• Identify potential issues and communicate to consumer and loan officer.

• Request supporting documentation from borrower within required timeframes.

• Order and review all third party documentation, including credit checks, title reports, appraisals, tax returns, verifications of employment/assets, etc. to identify and address potential issues.

• Check ratios, and verify accuracy of AUS findings and program applicability.

• Review and verify documentation integrity to ensure it aligns with findings, completeness and compliance, and submit loan file to underwriting for approval.

• Identify qualifying/program issues prior to submission to Underwriting.

• Provide options within guidelines and makes recommendations if borrowers may qualify for suitable programs. * Update and verify accuracy of data input into system.

• Verify compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.

• Stay current with federal and state regulations and industry guidelines.

• Obtain and verify clearance of all underwriting conditions and prepare the file for submission to Closing.

Qualifications

• High school diploma or equivalent required; college courses/technical training related to Business, Finance/Accounting, Legal, or related field is preferred.

• Total recent work experience includes two or more years experience as a Loan Processor processing conventional loans, with at least one year experience in processing FHA or VA loans.

• Ability to build strong relationships with loan officers, production, underwriting, closing and other internal and external partners.

• Detailed knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory requirements/guidelines related to consumer mortgage lending for conventional and FHA or VA loans.

• Detailed knowledge of conventional and FHA or VA loans, including various product/program guidelines, necessary conditions for approval, and investor specific guidelines.

• Detailed knowledge of valid documentation related to processing consumer mortgage applications (e.g., tax returns, financial statements and records, verification of income and deposits, etc.).

Competitive compensation and excellent benefits package; including medical, dental, vision, life insurance, AD&D, LTD and 401(k) with employer match.

Equal Opportunity Employer.

Please do apply if this role speaks to you, we would be thrilled to connect with you!

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