Loan Processor II

About the position

Guild Mortgage Company, closing loans and opening doors since 1960. As a mortgage banking firm, we are dedicated to serving the homeowner/buyer. Our goal is to provide affordable home financing for our customers, utilizing the best terms available while providing a level of professionalism and service unsurpassed in the lending industry. The position involves processing residential mortgage loans, achieving production and quality metrics, and acting as a liaison between loan officers, borrowers, underwriters, and funding. Responsibilities include preparing and reviewing loan files for completeness and compliance, monitoring loan processing cycle times, and resolving issues that may delay loan closings.

Responsibilities

• Become the contact for non-licensed activity once the loan is submitted.
• Monitor the overall lending process and communicate issues that could impact timely closure of loans.
• Request supporting documentation from borrowers within required timeframes.
• Order and review all third-party documentation, including credit checks, title reports, appraisals, tax returns, and verifications of employment/assets.
• Check ratios and verify accuracy of AUS findings and program applicability.
• Review and verify documentation integrity to ensure compliance and submit loan file to underwriting for approval.
• Identify qualifying/program issues prior to submission to Underwriting.
• Provide options within guidelines and make recommendations for suitable programs.
• Update and verify accuracy of data input into the system.
• Verify compliance with Company standards and federal/state regulations.
• Stay current with federal and state regulations and industry guidelines.
• Obtain and verify clearance of all underwriting conditions and prepare the file for submission to Closing.
• Order generation of loan documents.
• Use and modify templates to compose professional correspondence and emails.
• Provide status updates to Loan Officers and/or borrowers.

Requirements

• High school diploma or equivalent required; college courses/technical training related to Business, Finance/Accounting, Legal, or related field preferred.
• Two or more years' experience as a Loan Processor processing conventional loans, with at least one year experience in processing FHA or VA loans.
• Ability to build strong relationships with loan officers, production, underwriting, closing, and other internal and external partners.
• Detailed knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory requirements/guidelines.
• Detailed knowledge of conventional and FHA or VA loans, including product/program guidelines and necessary conditions for approval.
• Detailed knowledge of valid documentation related to processing consumer mortgage applications.
• Ability to prioritize multiple tasks in a deadline-driven environment.
• Excellent customer service, interpersonal, verbal and written communication skills.
• Intermediate math skills.
• Strong detail orientation and highly organized.
• Prior experience using internal data entry systems, Microsoft Word, Excel, and PDF/Document Retention programs.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• AD&D insurance
• LTD insurance
• 401(k) with employer match