Loan Processor (Dayton)

About the role

PrimeLending is a leading national home lender focused on empowering the pursuit of homeownership. We are seeking a Loan Processor in Dayton, OH to evaluate all information supplied on the mortgage loan application, verify the validity of the information, and assemble completely documented files to Underwriting and Closing.

Responsibilities

• Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers.
• Maintains and updates loan application information within loan origination software and other applications.
• As applicable, orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents.
• Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines.
• Calculates income, reviews assets and liabilities.
• Reviews all disclosures for completeness and compliance.
• Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions.
• Maintains accurate pipeline to ensure proper projections, closings, and regulatory compliance with Company, Federal, and State standards.
• May prepare, when applicable, “Declination Letters.” Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify.
• May schedule closing appointments with respective parties (i.e. title companies, closing attorneys, corporate closing department and customers etc.).
• Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements.
• May facilitate training of junior or newly hired processors regarding specific Prime operations including file flow, loan origination software, and other applications.
• Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers.
• Maintains and updates loan application information within loan origination software and other applications.
• Orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents.
• Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines.
• Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions.
• Maintains accurate pipeline to ensure proper projections, closings, and regulatory compliance with Company, Federal, and State standards.
• May prepare, when applicable, “Declination Letters.” Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify.
• Schedules closing appointments with respective parties (i.e. title companies, closing attorneys, corporate closing department and customers etc.).
• Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements.
• Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers.
• Maintains and updates loan application information within loan origination software and other applications.
• Orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents.
• Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines.
• Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions.
• Maintains accurate pipeline to ensure proper projections, closings, and regulatory compliance with Company, Federal, and State standards.
• May prepare, when applicable, “Declination Letters.” Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify.
• Schedules closing appointments with respective parties (i.e. title companies, closing attorneys, corporate closing department and customers etc.).
• Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements.
• Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers.
• Maintains and updates loan application information within loan origination software and other applications.
• Orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents.
• Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines.
• Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions.
• Maintains accurate pipeline to ensure proper projections, closings, and regulatory compliance with Company, Federal, and State standards.
• May prepare, when applicable, “Declination Letters.” Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify.
• Schedules closing appointments with respective parties (i.e. title companies, closing attorneys, corporate closing department and customers etc.).
• Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements.
• Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers.
• Maintains and updates loan application information within loan origination software and other applications.
• Orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents.
• Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines.
• Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions.
• Maintains accurate pipeline to ensure proper projections, closings, and regulatory compliance with Company, Federal, and State standards.
• May prepare, when applicable, “Declination Letters.” Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify.
• Schedules closing appointments with respective parties (i.e. title companies, closing attorneys, corporate closing department and customers etc.).
• Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements.
• Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers.
• Maintains and updates loan application information within loan origination software and other applications.
• Orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents.
• Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines.
• Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions.
• Maintains accurate pipeline to ensure proper projections, closings, and regulatory compliance with Company, Federal, and State standards.
• May prepare, when applicable, “Declination Letters.” Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify.
• Schedules closing appointments with respective parties (i.e. title companies, closing attorneys, corporate closing department and customers etc.).
• Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements.
• Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers.
• Maintains and updates loan application information within loan origination software and other applications.
• Orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents.
• Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines.
• Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions.
• Maintains accurate pipeline to ensure proper projections, closings, and regulatory compliance with Company, Federal, and State standards.
• May prepare, when applicable, “Declination Letters.” Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify.
• Schedules closing appointments with respective parties (i.e. title companies, closing attorneys, corporate closing department and customers etc.).
• Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements.
• Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers.
• Maintains and updates loan application information within loan origination software and other applications.
• Orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents.
• Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines.
• Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions.
• Maintains accurate pipeline to ensure proper projections, closings, and regulatory compliance with Company, Federal, and State standards.
• May prepare, when applicable, “Declination Letters.” Ensures accurate disclosure of the reason(s) for the adverse action as soon as it is determined that applicants do not qualify.
• Schedules closing appointments with respective parties (i.e. title companies, closing attorneys, corporate closing department and customers etc.).
• Maintains communication with customers throughout the loan process, assisting them with any questions and notifying them of any additional requirements.
• Maintains knowledge of all policies and modifications to the guidelines and standards of the company, federal housing programs, investors, and private mortgage insurers.
• Maintains and updates loan application information within loan origination software and other applications.
• Orders appraisals, title, survey, verifications, and any other items required for loan approval; conducts regular follow-ups with outside sources regarding outstanding documents.
• Verifies the data collected, analyzes, and decides whether it meets guidelines or if other documentation is needed; documents communication through the conversation log; ensures loan application is in compliance with underwriting, investor, RESPA, and HMDA guidelines.
• Completes final evaluation and analysis of completed application packages and submits eligible files specifying any applicable conditions.