Senior Mortgage Loan Processor 1

Mortgage Processing & Analysis

Responsible for setting conditions for processing and analyzing loan files, preparing files for final underwriting, and conducting quality control including but not limited to:

• Calculating and analyzing borrower information including income, loan documentation, disclosures and borrower documentation.
• Provides direction and oversight for collection of data from applicant process.
• Reviewing paperwork for loans, setting conditions for processing and analyzes loan files and preparing files for underwriting and QC.
• Verifying borrower information and conducting analysis and QC of loan files.
• Ensuring loan file meets program guidelines as well as all federal and state compliance requirements.
• Request additional information when needed.
• Providing direction and oversight for collection of data from the applicant process and in reviewing collected verifications.
• Tracking loan actions in the mortgage loan system and all deadlines and compliance alerts.
• Reviewing and analyzing property appraisals; identifying collateral issues and initiating potential remedies.
• Working with borrowers and loan officers to obtain needed info to complete file, if needed.
• Troubleshooting complex documentation issues.
• Reviewing applications for completeness, identifying open issues and requiring documentation and prepares files for underwriting.
• Analyzing complete borrower information, identifying when additional information may be required and discussion any concerns with the Underwriter.
• Collecting and reviewing data from clients for loan application and verifying borrower information as noted in the application.
• Ordering and reviewing borrower verifications including verification of employment, credit, mortgage, and payoffs.
• Monitoring deadlines for loans, track activity with Processors to ensure deadlines will be met.
• Actively participating in team projects, as assigned.
• Reviewing files for QC and prepare disclosures and compliance documents including Loan Estimates and redisclosures.
• Training and supervising other staff on disclosures.

Qualifications

• A Bachelor’s degree or at least 3 year’s related experience; or an equivalent combination of education and experience plus 3 years mortgage related experience.
• 3 years of experience with FHA underwriting or FHA processing preferred.

Skills

• Strong commitment to our mission – creating economic opportunity for traditionally underserved communities.
• Strong Attention to detail.
• Advanced ability to effectively plan, organize and prioritize work.
• Ability to effectively present information and respond to questions from groups and /or individuals and to resolve borrower’s concerns.
• Ability to develop good relationships with borrowers and vendors; able to resolve borrower/vendor concerns.
• Strong mathematical skills including the ability to handle complex calculations.
• Ability to analyze financial and loan data independently.
• Deep knowledge of mortgage lending process, requirements, and compliance requirements.
• Strong technical aptitude including the ability to quickly learn new systems and proficiency with Microsoft Word, Excel, PowerPoint, and PDFs.
• Strong knowledge and advanced ability to navigate mortgage loan system (Encompass).
• Spanish fluency a plus.

Benefits

• Ability and willingness to work beyond normal work hours, as needed.

Pay Not specified

Schedule