Distributed Mortgage Loan Senior Processor

About the role

The Distributed Mortgage Loan Processor is responsible for processing residential mortgage loan applications in compliance with internal policies, secondary market guidelines, and relevant government regulations.

Responsibilities

• Ensure compliance with third party vendors and total document and data integrity
• Manage personal workload/workflow
• Interact with Mortgage Loan Originators, Loan Production Assistants and other members of the fulfillment team on a daily basis
• Obtain original information and documentation from Mortgage Loan Originators (MLOs) and Loan Production Assistants for underwriting review
• Interact with third-party vendors to acquire verifications, appraisals, title work, flood zone determinations, insurance documentation, payoffs, tax transcripts and other reports as needed for each loan file
• Organize, review and validate all loan file documentation for completeness and quality to ensure that the file is ready for submission
• Manage a pipeline of working loan files to ensure loan files move through processing and closing in a timely manner
• Update data in the Encompass loan origination system to ensure all file information is current and accurate
• Process loan files in compliance with Northwest policies, regulatory guidelines, investor and industry standards
• Maintain current knowledge of mortgage loan programs, procedures and guidelines

Qualifications

• 3 - 5 years of experience in the mortgage industry
• 2 - 6 years of experience demonstrating success processing mortgage loans for a financial institution
• Knowledge of banking industry laws, regulations and the retail origination process
• Knowledge of conventional, government loan products and guidelines including Fannie Mae, Freddie Mac, FHA, USDA-Rural Housing and VA loans
• Excellent verbal and written communication skills with the ability to work closely with other team members
• Proficient organizational and multi-tasking skills with attention to detail, accuracy and thoroughness
• Ability to work in a fast-paced high production environment
• Ability to work collaboratively and manage multiple deadlines and priorities