Loan Processor

About the position

Guild Mortgage Company, closing loans and opening doors since 1960. As a mortgage banking firm we are dedicated to serving the home owner/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. Position Summary Process residential mortgage loans. Achieve production and quality metrics. Liaison between loan officer, borrower, underwriter and funding. Prepare and review loan file to ensure completeness of submission and supporting documents, as well as compliance with underwriting and investor guidelines. Monitor overall loan processing cycle time to ensure the loan closes on time. Communicate and coordinate the resolution of issues that delay loan closing timeline.

Responsibilities

• Become the contact for non-licensed activity once the loan is submitted.
• Monitor the overall lending process, and identify, resolve, and communicate issues that could impact timely closure of loans.
• Identify potential issues and communicate to consumer and loan officer.
• Request supporting documentation from borrower within required timeframes.
• Order and review all third-party documentation, including credit checks, title reports, appraisals, tax returns, verifications of employment/assets, etc.
• Check ratios and verify accuracy of AUS findings and program applicability.
• Review and verify documentation integrity to ensure it aligns with findings, completeness and compliance.
• Submit loan file to underwriting for approval.
• Update and verify accuracy of data input into system.
• Verify compliance with Company standards, federal and agency regulations, and applicable state-specific regulations.
• 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.
• Stay current with federal and state regulations and industry guidelines.

Requirements

• High school diploma or equivalent required; college courses/technical training related to Business, Finance/Accounting, Legal, or related field is preferred.
• One or more years' experience with processing loans or assisting in loan processing.
• Ability to build strong relationships with loan officers, production, underwriting, closing and other internal and external partners.
• General knowledge of overall mortgage lending internal processes and control, as well as federal, state, and regulatory requirements/guidelines related to consumer mortgage lending for conventional loans.
• Thorough knowledge of conventional loans, including various product/program guidelines, necessary conditions for approval, and investor specific guidelines.
• General 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