Our client, one of the top 10 Mortgage lending clients in the US, is seeking several Loan Processors for multiple open roles in Colorado. These roles can sit onsite or be remote.
The Loan processors must have experience processing residential mortgage loans from beginning to end.
LOAN PROCESSOR - REMOTE
Location: Remote within Colorado
Compensation: $50,000-60,000K base + $1,500 - $4,000 in production bonuses a month
Summary: Process residential mortgage loans from beginning to end and work to achieve and exceed production and quality metrics. Act as a 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.
•Monitor the overall lending process, and identify, resolve and communicate issues that could impact timely closure of loans.
•Call and provide status updates to Loan Officers and/or borrowers.
•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.
•Order generation of loan documents.
•Use and modify templates to compose professional correspondence and emails.
•High school diploma required, Associates or Bachelor’s Degree preferred
•2+ years of solid beginning to end Loan Processor processing of conventional loans, with at least 1 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.
•Must be comfortable calling borrowers o the phone often
•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.).
•Ability to prioritize multiple tasks in a deadline-driven environment, strong sense of urgency and responsiveness.
•Excellent customer service skills
•Intermediate math skills.
•Strong verbal and written communication skills.
•Strong detail orientation and highly organized.
•Skilled in Microsoft Word, Excel and PDF/Document Retention programs.
Category Code: JN057, JN005