Senior Loan Processor - Residential Mortgages (Remote/Work From Home)

timePosted 12 days ago location United States salarySalary undisclosed

Job Description

Please send resumes to

This is a Remote/ Work-From-Home Position (you have the option to go into the office if you prefer).

My client is a national firm with an exceptional reputation. They have long-term growth and advancement opportunities within the company, after you establish yourself as a strong performer in this loan processing role.

While they are booming right now, my client has the stability to maintain through different economic climates and stability is important to them. You have the financial security of a large company, with the feeling of family and team that you get from a small company environment.

It is the best of both worlds!

Job Requirements:
This person must be able to:
  • Ensure accurate and timely packaging of all loans originated by the loan officer.
  • Organize, compile, and verify loan application information for mortgage loans.
  • Recommend loan approval or denial according to established standards. Meet crucial deadlines.
  • Review residential loan application file to verify that application data is complete and meets establishment standards.
  • Pipeline should consist of 25 loans, and should process a minimum of 8 files per day.
  • Contact specified companies to obtain property abstract, survey, and appraisal.
  • Recommend denial of loan not meeting standards.
  • Prepare and submit communications for approval and/or denial letter to applicants.
  • Submit mortgage loan application file for underwriting approval.
  • Submit approved mortgage loan file to Mortgage Loan Closer for settlement.
  • Recordkeeping data on status of loans.
  • Organize, compile and verify loan application relating to a mortgage. Recommend to underwriting, whether to deny or approve the loan application in accordance with established standards and crucial deadlines.
  • Related to Major Area Review residential loan application file to verify that application data is complete and meets establishment standards.
  • Check all the information relating to a mortgage.
  • Call or write credit bureau and employer to verify accuracy of information. The primary information to be verified includes applicant's employment record, income, net worth and willingness to pay.
  • Calculate income, check for garnishments, review assets for large deposits, gifts, loans not on the credit report.
  • Review appraisal to ensure accuracy and completeness. Contact borrower for any additional information required.
  • Run AUS to ensure meet all required finding conditions. Update all documentation received after pre-processor into Encompass.
  • Flag file for any inconsistencies before submitting to Underwriting. Contact specified companies to obtain property abstract, survey, and appraisal. Order and coordinate loan documents.
  • Contact specified companies to collect information regarding the property's price, appraisal survey, and title insurance. Recommend denial of loan not meeting standards. Analyze loan package and closing conditions in comparison to acceptable standards indicating loan is out of accepted norm.
  • Recommend denial and document. Prepare and submit communications for approval and/or denial letter to applicants Type and prepare approval and denial letters to applicants. Submit mortgage loan application file for underwriting approval.
  • Submit mortgage loan application file for underwriting approval per established procedures.
  • Submit approved mortgage loan file to Mortgage Loan Closer for settlement.
  • Submit approved mortgage loan file to Mortgage Loan Closer for settlement per established procedures. Record-keeping data on status of loans. Record data on status of loans, including number of new applications and loans approved, cancelled or denied.
JOB REQUIREMENTS

  • Broad Knowledge & Experience Mortgage banking industry, familiar with Conventional, FHA, and VA mortgage products.
  • Clear understanding of the current RESPA laws and guidelines.
  • Above Average Skills Language, and mathematical skills.
  • Demonstrated Ability Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization exists.
  • Ability to interpret a variety of instructions furnished in writing, oral, diagram or schedule form. General Knowledge Positive attitude, excellent attention to detail, strong work ethic.
  • A Work Conditions Fast paced, high volume activities.
  • Temperament In order to succeed in this position high attention to detail, and organization, amidst fast changing environment is a must.
  • Qualifications Operations- a minimum of 5 years of Processing Experience Required
If interested, please send resumes to