Loan Processor (Remote)

Essential Duties and Responsibilities

• Audit loan applications using the Loan Officer Checklist for completeness and collect missing information as required.
• Obtain and review all documentation to verify that the loan transaction meets all FHA, VA, Conventional, Jumbo and USDA guidelines.
• Order all 3rd party vendor documents, such as credit updates, required verifications, flood certification, appraisal, title, title fees, hazard insurance and payoff statement.
• Submit complete loan files to underwriting for loan approval.
• Review and obtain documentation to clear all underwriting conditions.
• Submit all documentation to the closing department for acceptable Final Docs and loan figures.
• Maintain all correspondence for loan transactions with Realtors, Builders, Title Agents, Borrowers and Third Party Vendors.
• Ensure LOS system is always updated with current status and correct investor.
• Submit loan to closing for final documents to be drawn, and work with title company on approving a final Closing Disclosure.
• Pipeline review of loan files up to 20 units per month, funding up to 15 units.

Education and/or Work Experience Requirements

• A High School diploma or equivalent.
• 5 + years’ experience in mortgage processing of FHA/VA/FNMA/FHLMC, and have some knowledge of investor programs, guidelines, loan processing and automation systems.

Skills

• Proficient with MS Office.
• Knowledge of industry software and automation.
• Strong written and oral communication skills.
• Strong commitment to customer service and satisfaction with both internal and external customers.
• Creative thinking to find appropriate/alternative programs and solutions for unique situations.
• Proven ability to research and make sound judgements/identify issues/ make recommendations based on the research.
• Ability to multitask and manage multiple priorities.
• High level of integrity, ethics, discretion and professionalism in handling confidential and sensitive information.