Loan Processor - Consumer Direct

Duties And Responsibilities

• Absorb full responsibility for loan files in your pipeline.
• Utilize Encompass loan origination system daily.
• Set and maintain clear expectations with all parties involved in the loan file.
• Analyze loan packages for completeness to ensure they meet investor guidelines.
• Clear loan conditions and communicate effectively with Sales, Processing, and Underwriting teams.
• Order third-party items, review and analyze title documents for all requirements, and address any issues, including insurance coverage for the borrower.
• Maintain loan file compliance while managing your pipeline, adjusting to varying volumes.
• Operate under specific time constraints and meet end-of-month deadlines.

Requirements

• A high school diploma or equivalent is required, with a 4-year degree preferred.
• At least 4 years of recent mortgage processing experience are required.
• Extensive experience processing VA cash-out refis is required.
• Recent Correspondent Lending experience is strongly preferred.
• Knowledge of agency loan programs, multiple investor loan programs, and underwriting criteria for government and conventional offerings is necessary.
• Proficiency with Encompass loan origination system is essential.
• The ability to calculate income, including self-employed income, is required.
• Excellent interpersonal, communication, and time management skills are necessary.
• The ability to operate effectively and efficiently in high-pressure situations is required.
• All applicants must be flexible with their schedules, as they may be required to work after-hours, especially during peak volume periods.

What We Offer

• Medical, Dental, and Vision insurance plans.
• HSA and FSA plan options.
• Company-paid life insurance.
• 401(k) with partial match.
• Paid time off that increases with tenure (40 hours sick time; 80 hours Your Time Off to start).
• 7 paid bank holidays.
• In-house virtual training opportunities to broaden industry knowledge.
• Education reimbursement.
• Employee Home Loan Discount Program.
• Employee recognition on a national scale.
• Frequent employee appreciation events.
• Big bank capability, small-bank feel.

Pay

$45,000 - $55,000 annual base salary plus monthly bonus. Hired applicant will be eligible for a monthly incentive tied to individual production and achieving outlined goals.

Schedule

Evening or weekend hours may be required based on the needs of the business.

Benefits

• Medical, Dental, and Vision insurance plans.
• HSA and FSA plan options.
• Company-paid life insurance.
• 401(k) with partial match.
• Paid time off that increases with tenure (40 hours sick time; 80 hours Your Time Off to start).
• 7 paid bank holidays.
• In-house virtual training opportunities to broaden industry knowledge.
• Education reimbursement.
• Employee Home Loan Discount Program.
• Employee recognition on a national scale.
• Frequent employee appreciation events.
• Big bank capability, small-bank feel.