Mortgage Loan Processor - High Net Worth

About the role

We are currently hiring for a Mortgage Loan Processor with experience working with High Net Worth loans.

Responsibilities

• Gather required documentation from the borrower and obtain appropriate documentation from third-party vendors consistent with internal, client, and investor policies.
• Review the complete file and ensure the various documents in the file are in sync with each other and the loan application on the system.
• Scan the hard copy of the loan application to the system (shared drive) so that anyone without the hard file can access all documents at any time.
• Understand underwriting submission requirements before actual submission.
• Order the various services required on the file and capture those requests on the systems.
• Follow up on the status of the services ordered to ensure minimal time lag from order to receipt.
• Upon receipt of the loan decision from the underwriter, review conditions with internal and external parties to address any additional conditions needed for final approval.
• At final approval, coordinate with third parties and the prospective borrower to schedule the loan settlement.
• Maintain both written and verbal communication with clients and colleagues.

Requirements

• At least 3+ years of related experience as a mortgage loan processor.
• Experience with high net worth, non-conforming, or jumbo loans preferred.
• Ability to calculate income and review and interpret asset statements.
• Review, understand, and detect issues with Title and Appraisals.
• Strong communication skills, both verbal and written.
• Excellent and proven mortgage skills and knowledge.
• Demonstrated analytical, organizational, and financial management skills.
• Ability to take initiative, multi-task, and prioritize.
• Strong time management skills.
• Open to flexible scheduling options and the ability to adapt as needed.
• Experience with FNMA guidelines.
• Ability to review and interpret DU findings.