Loan Processor II

Description

Wemlo, part of the RE/MAX Holdings organization which includes Motto Mortgage®, the first national mortgage brokerage franchise brand in the U.S, is looking for Loan Processors to join our team!

This is a unique opportunity to work within a rapidly growing startup backed by the largest name in Real Estate. We are hiring 1+ employees for this position and there will be opportunities for upward growth.

The mortgage Loan Processor (LP) partners with Mortgage Brokers and Loan Originators (LOs) to facilitate a smooth transaction experience for borrowers.

The LP supports the LO by ensuring loan files contain all the documentation and data necessary to move through the loan lifecycle efficiently and to close the loan on time. Attention to detail, passion for process, and obsession about excellent customer service are critical. The Loan Processor is responsible for prioritizing and executing tasks and is supported by advanced technology solutions and an experienced loan processing mentor. The Loan Processor is exposed to very sensitive personal information of our borrowers, so high-levels of integrity and discretion are expected and non-negotiable.

Essential Duties:

• Assist Loan Originators by prioritizing sales pipelines based on application statuses
• Support Loan Originators with tasks related to completing the mortgage loan application (1003 Application) such as running AUS (Fannie Mae’s DU/DO, Freddie Mac’s LPA S2S, or USDA’s GUS) or importing information from credit reports
• Generate initial disclosures for LO review in accordance with the TILA-RESPA Integrated Disclosure Rule (TRID) procedures and timelines
• Collect documentation from borrowers at the direction of LOs and the loan system; enter document information into the loan system and submit information to wholesale lending organizations for conditional approval
• Manage the statuses and follow-up communications with mortgage services providers such as appraisers and title companies
• Work with wholesale lending underwriters to secure conditional approval and clearance to close
• Validate Final Closing Disclosure (Final CD) information and resolve any missing or mismatched data before closing the loan file in our system
• Execute a Closing Checklist to confirm that all regulated and reportable information is captured in a loan file before closing the file in our system
• Run and distribute various reports on a recurring basis
• Participate in process improvement projects
• Provide prompt, warm, and memorable service

Qualifications and Experience:

• 2+  years mortgage loan processing or other type of loan processing experience
• Exceptional Customer Service
• Ability to multi-task
• Strong attention to detail
• Wholesale and TPO experience not required, but a plus!

Salary Range: 

$45,000 - $52,000 + commission structure

Actual compensation offered to candidate will be finalized at offer and may be above or below the posted range due to skill level, experience, industry specific knowledge, education/certifications, or geographic location.   The offer rate represents one component of the total compensation package.  Additional compensation for this position may include annual bonus eligibility or other incentives based on the position.

Why REMAX?

REMAX Headquarters is located in Denver, CO, in the heart of Denver’s thriving Tech Center.  We also offer remote roles for those outside the metro area. Our competitive benefits package includes programs to support your physical, emotional and financial well-being:

Stay Healthy

• Comprehensive medical, dental, and vision insurance
• Health savings account with employer contribution
• Flexible spending account (medical & dependent care)
• Voluntary critical illness, hospital indemnity and accident coverage
• Short-term disability paid at 100% after 1 year

Prepare for Your Future

• 401(k) plan with generous company match & immediate eligibility
• Free financial advisor service
• Company-paid life and AD&D insurance, short-term and long-term disability

Feel Supported

• Generous paid time off package includes 15 paid holidays and generous PTO
• Hybrid or remote positions and flexible hours
• Monthly home office subsidy
• Paid parental leave benefits
• Paid caregiving, adoption and foster leave benefits
• Monthly ClassPass contribution
• Employee assistance program including free counseling sessions
• Tuition reimbursement program
• Pet insurance discount
• Recognition program

RE/MAX, LLC & Motto Mortgage

Now is your opportunity to join a global, industry-leading organization behind one of the most recognized names in real estate. RE/MAX exists to help entrepreneurs thrive. Through RE/MAX and Motto Mortgage franchises, we deliver the tools, technology, and support that power a worldwide network of agents, brokers, and business owners.

When you join our team, you are expected to do your best work and help others do the same. We move with urgency. We focus on results. We listen to our customers and build solutions that make their businesses stronger. We value people who take ownership, act with integrity, and push for better every day. Collaboration matters here. So does accountability. When we succeed, we succeed together.

RE/MAX Holdings, Inc. is proudly headquartered in Denver, Colorado.  Certain roles may be location specific, however in addition to Colorado, we welcome qualified candidates in the following states: Arkansas, California, Florida, Georgia, Illinois, Massachusetts, Michigan, Ohio, and Texas!

We are an equal opportunity employer committed to fair and inclusive hiring practices. Employment decisions are based on qualifications, merit, and business needs, without regard to any legally protected status.

Wemlo^SM is a technology-focused mortgage loan processing startup that’s reshaping the mortgage broker channel. It developed the first “Service Cloud” for mortgage brokers, combining third-party loan processing with an all-in-one digital platform. Its product is marketed and sold to mortgage brokerages and loan originators across the country. Wemlo is also a part of the RE/MAX Holdings organization which includes RE/MAX®, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage®, the first national mortgage brokerage franchise brand in the U.S. You can find more information about us at wemlo.io.