Loan Processor III

About the position

Loan Processors will work independently processing both conventional and government products. They will examine and evaluate approval of customer applications for real estate loans and will be responsible for the closing of loans in a timely manner.

Responsibilities

• Review loan files and determine what documentation is required to meet investor guidelines
• Communicate and respond to internal customers (Loan Consultants, Processing Managers) and external customers (borrowers, 3rd party vendors) generally within 2 hours
• Utilize pipeline reports to effectively manage loans and prioritize daily workflow
• Become proficient with document management system and update all information appropriately and accurately in system
• Consult with Loan Processing Manager weekly on loan status and prioritizes workflow accordingly
• Maintains current knowledge of guidelines and loan programs
• Requests, organizes, and processes loan documentation and independently submitting files to Underwriting monthly
• Successfully manage a full pipeline, month over month
• Consistently hit monthly funding requirements based on pipeline size and current market conditions

Requirements

• 5+ years loan processing experience required
• FHA, VA, and conventional product experience required
• High school diploma or general education degree (GED) required
• Automated Underwriting (DU) experience required

Nice-to-haves

• Bond, Jumbo, USDA & other specialty product experience preferred
• Purchase processing experience preferred

Benefits

• Aggressive compensation package based on experience and skillset
• Inclusive, diverse and collaborative culture where people from all backgrounds can thrive
• Extensive internal growth and professional development opportunities including tuition reimbursement
• Comprehensive benefits package including Medical/Dental/Vision
• Wellness program to support both mental and physical health
• Generous paid time off for both exempt and non-exempt positions