Remote Mortgage Loan Processor - Up to 65K - REMOTE - Job # 2092

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timePosted 3 days ago location United States salary$65k - 65k (US Dollars)
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Job Description

The PositionOur Maryland based bank client is seeking to fill a Remote Mortgage Loan Processor role. The selected candidate will process mortgage and home equity loans by gathering and analyzing documentation required to facilitate the movement of those loans through to Underwriting and Closing as efficiently and timely as possible.This position offers a generous salary of up to $65K plus strong incentives and full benefits package. Incentives include:1 to 20, $50.00 per each loan funded that month.21 and above, $75.00 per each loan funded that month.1 and above, $25.00 per each home equity loan funded in that month.Mortgage Loan Processor responsibilities include: Providing administrative assistance to the mortgage team, including updating loan data for entry into the financial institution's computers and assembling documentation for residential portfolio loans. Evaluating complex transactions and different types of loans including but not limited to, Conventional, FHA, VA, HOC, MI companies, and portfolio and Agency-specific products. Effectively manage an average pipeline of 30 plus files to ensure the timely moving of files in order to meet deadlines for rate locks, purchase contracts, and any other applicable dates that must be met. Verifying and analyzing documentation received to include credit, paystubs, w-2s, personal tax returns, business tax returns, bank statements, retirement statements, and property appraisals. Confirming that the terms of the loan and the applicant's eligibility requirements conform to specific credit overlays. Compiling loan packages including ensuring pertinent documents are complete and accurate, and analyzing and reviewing applicant's credit history. Ordering any necessary documents to ensure complete loan file for submission to underwriting including but not limited to an appraisal, Drive Report, SS# verification, tax transcripts, etc. Calculating housing debt to income and loan to value ratios independent of the information found in the mortgage system to verify accuracy and update if necessary. Reviewing any changes to the loan transaction throughout processing and underwriting phrases of the loan, determine if changes affect the loan, resubmit to underwriting as necessary. Interacting closely with management, underwriting, closing, loan officers, members, title companies, real estate agents, and others to provide and obtain regular updates to achieve goals for production time. Collaborating with Underwriting and Closing to ensure loans are underwritten and closed by contract or rate lock expiration dates. Responsible for compliance with Federal, State, County, NCUA, Private Investors, Freddie Mac/Fannie Mae and MI guidelines. Attending all required training or complete and pass all online required training courses as applicable. All other duties assigned. RequirementsWho Are You?You're someone who wants to influence your own development. You're looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.You also bring the following skills and experience: High school diploma or equivalent. Bachelor's degree preferred or an equivalent combination of education and experience. Six or more years' recent experience in mortgage processing. Working knowledge of Fannie Mae/Freddie Mac and FHA guidelines as well as lending policies, procedures, and regulations. Ability to conduct a thorough review of a loan file, analyze the requested transaction and quickly identify problems that may exist as early in the process as possible Self-starter who is goal- and results-oriented. Ability to compute basic to moderately complex math calculations. Knowledge pertaining to the regulations governing mortgage lending. Excellent communication and people skills. Knowledge of computer software and experience with loan accounting systems. Ability to work under pressure and determine priorities. Ability to work with direction from supervisor. Ability to manage a pipeline and properly package a loan. BenefitsThis position offers a generous salary of up to $65K plus strong incentives and full benefits package. Incentives include:1 to 20, $50.00 per each loan funded that month.21 and above, $75.00 per each loan funded that month.1 and above, $25.00 per each home equity loan funded in that month.