Loan Processor

About the Role

The Loan Processor will be responsible for auditing loan applications, collecting necessary documentation, and ensuring compliance with all FHA, VA, Conventional, Jumbo, and USDA guidelines. This position involves managing third-party vendor documents, submitting files to underwriting, clearing conditions, and coordinating with the closing department.

Responsibilities

• Audit loan applications using the Loan Officer Checklist for completeness and collect missing information.
• Obtain and review all documentation to verify that the loan transaction meets all FHA, VA, Conventional, Jumbo and USDA guidelines.
• Order all 3rd party vendor documents, such as credit updates, required verifications, flood certification, appraisal, title, title fees, hazard insurance and payoff statement.
• Submit complete loan files to underwriting for loan approval.
• Review and obtain documentation to clear all underwriting conditions.
• Submit all documentation to the closing department for acceptable Final Docs and loan figures.
• Maintain all correspondence for loan transactions with Realtors, Builders, Title Agents, Borrowers and Third Party Vendors.
• Ensure LOS system is always updated with current status and investor information.
• Submit loan to closing for final documents to be drawn, and work with title company on approving a final Closing Disclosure.
• Pipeline review of loan files up to 20 units per month, funding up to 15 units.

Requirements

• High School diploma or equivalent.
• 5 + years’ experience in mortgage processing of FHA/VA/FNMA/FHLMC.
• Some knowledge of investor programs, guidelines, loan processing and automation systems.

Skills

• Proficient with MS Office.
• Knowledge of industry software and automation.
• Strong written and oral communication skills.
• Strong commitment to customer service and satisfaction with both internal and external customers.
• Creative thinking to find appropriate/alternative programs and solutions for unique situations.
• Proven ability to research and make sound judgments/identify issues/make recommendations based on research.
• Ability to multitask and manage multiple priorities.
• High level of integrity, ethics, discretion and professionalism in handling confidential and sensitive information.

How to Apply

Please mention the word AFFIRMATION and tag RNTIuMTQ4LjUuNTA= when applying to show you read the job post completely (#RNTIuMTQ4LjUuNTA=).