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Loan Processor Sr

Description



The Sr Loan Processor will accept loan applications from Loan Officers and will coordinate the loan through the loan closing.

Responsibilities include:
  • Prepare and explain loan disclosures to borrowers
  • Collect all necessary documentation and verifications
  • Order title commitments and appraisals
  • Communicate with borrowers, loan officer, title representatives, appraisers, underwriters, loan closers, real estate agents, and management
  • Transition and/or setup and maintenance of loan files. Inclusive of, but not limited to; order, re-order, verify and/or correct: credit reports, employment and income verifications, housing pay and location history, deposit and asset verification, appraisals and subsequent or final inspections, and other related documents as the processing procedure may require
  • Maintain understandable/readable file process (conversation) log and history
  • Insure timely collection and status of loan documents; with appropriate and/or necessary follow-up
  • Perform timely routine data entry/retrieval of loan data via computer
  • Usher loan files to timely closing
  • Assemble, check and verify the accuracy and completion of all necessary loan closing documentation and also assist in scheduling closing
  • Maintain awareness and ability to answer all routine questions regarding the mortgage process file
  • Maintain up to date log, histories and reports within and without designated job function, duties and responsibilities
  • Other duties as assigned


Requirements:
  • 3+ years of recent frontline mortgage loan processing experience
  • 3+ years of experience accepting loan applications from Loan Officers and processing the loan through the loan closing
  • Thorough knowledge of FNMA, FHLMC, FHA and VA guidelines
  • Desktop Underwriter/Originator (DU) and Loan Prospector (LP) is required
  • Excellent verbal and written communication skills via phone and email is critical
  • Proficient knowledge of mortgage industry, general loan programs and mechanics, governmental regulations, etc.
  • Proficient computer skills, including 10-key by touch, Microsoft Office (Outlook, Word, Excel and Explorer)
  • Possess the ability to grasp, predict and reorganize industry modifications as they emerge
  • Successful NMLS registration is required


This position offers a full range of benefits including Health, Dental, and 401k.

Equal Opportunity Employer

M/F/Disability/Vet.

Member FDIC | Equal Housing Lender | NMLS ID 401285

Requirements

 

Job Snapshot

Location US-TX-Dallas
Employment Type Full-Time
Pay Type Hour
Pay Rate N/A
Store Type Banking
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Company Overview

Colonial Savings

For More Than 30 Years, CU Members Mortgage has served the mortgage lending needs of credit unions, CUSOs, and league partners across the nation. As a result, thousands of members have found the perfect home loan solution in the hands of the financial institution they trust - your credit union. Take a look at all we have to offer and see why more and more credit unions are choosing to partner with CU Members Mortgage. Learn More

Contact Information

US-TX-Dallas
Colonial Savings
817-390-2045
Snapshot
Colonial Savings
Company:
US-TX-Dallas
Location:
Full-Time
Employment Type:
Hour
Pay Type:
N/A
Pay Rate:
Banking
Store Type:

Description



The Sr Loan Processor will accept loan applications from Loan Officers and will coordinate the loan through the loan closing.

Responsibilities include:
  • Prepare and explain loan disclosures to borrowers
  • Collect all necessary documentation and verifications
  • Order title commitments and appraisals
  • Communicate with borrowers, loan officer, title representatives, appraisers, underwriters, loan closers, real estate agents, and management
  • Transition and/or setup and maintenance of loan files. Inclusive of, but not limited to; order, re-order, verify and/or correct: credit reports, employment and income verifications, housing pay and location history, deposit and asset verification, appraisals and subsequent or final inspections, and other related documents as the processing procedure may require
  • Maintain understandable/readable file process (conversation) log and history
  • Insure timely collection and status of loan documents; with appropriate and/or necessary follow-up
  • Perform timely routine data entry/retrieval of loan data via computer
  • Usher loan files to timely closing
  • Assemble, check and verify the accuracy and completion of all necessary loan closing documentation and also assist in scheduling closing
  • Maintain awareness and ability to answer all routine questions regarding the mortgage process file
  • Maintain up to date log, histories and reports within and without designated job function, duties and responsibilities
  • Other duties as assigned


Requirements:
  • 3+ years of recent frontline mortgage loan processing experience
  • 3+ years of experience accepting loan applications from Loan Officers and processing the loan through the loan closing
  • Thorough knowledge of FNMA, FHLMC, FHA and VA guidelines
  • Desktop Underwriter/Originator (DU) and Loan Prospector (LP) is required
  • Excellent verbal and written communication skills via phone and email is critical
  • Proficient knowledge of mortgage industry, general loan programs and mechanics, governmental regulations, etc.
  • Proficient computer skills, including 10-key by touch, Microsoft Office (Outlook, Word, Excel and Explorer)
  • Possess the ability to grasp, predict and reorganize industry modifications as they emerge
  • Successful NMLS registration is required


This position offers a full range of benefits including Health, Dental, and 401k.

Equal Opportunity Employer

M/F/Disability/Vet.

Member FDIC | Equal Housing Lender | NMLS ID 401285

Requirements

 
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Loan Processor Sr Apply now