Senior Loan Processor

About the position

As a Senior Loan Processor you'll process residential mortgage loan files from initial application to funding, ensuring timely and accurate packaging of all loans originated by our loan officers. You'll be responsible for reviewing initial loan application verifying information as loan program requires, making sure all underwriting guidelines have been met. You'll work directly with the customer, loan officer, underwriter and closer to package a complete and compliant loan.

Responsibilities

• Process residential mortgage loan files from initial application to funding, ensuring timely and accurate packaging of all loans originated by our loan officers
• Review loan application and gather loan documents from the customer and third parties in support of the loan approval process, according to AUS findings, program parameters and investor guidelines
• Responsible for ensuring that all loan documentation is complete, accurate, verified and complies with company and/or investor policies
• Confirm that data entry in Encompass matches all loan documentation in the file
• Successfully work with Loan Officers, Underwriters and Funders to ensure that loan files are submitted to underwriting within expected timelines and that loan conditions are met as required throughout each stage of the loan process
• Build rapport with borrowers and provide on-going communication to the customer regarding loan status
• Work closely with the Loan Officer to finalize loan structure and ensure accurate figures for the Closing Disclosure to be generated
• Prepare file for loan closing and coordinate with all necessary parties involved
• Ensure lock and closing dates are met

Requirements

• Minimum of 5 years of experience in Mortgage Processing
• High School diploma or GED equivalent
• Strong working knowledge of Encompass
• Knowledge of FNMA, FHLMC, FHA and VA guidelines
• Proficiency with DU and LP, FHA Connection and VA Portal
• Adept at calculating income from salaried and self-employed borrowers
• Knowledge of TRID and compliance
• Excellent interpersonal, verbal and written communication skills
• Strong customer service skills - ability to build rapport quickly
• High level of accuracy and attention to detail
• Excellent time management skills and ability to organize, prioritize and handle multiple tasks simultaneously

Benefits

• Competitive salaries
• Ownership stake in the company
• Medical and dental insurance
• Time off
• Great 401k matching program
• Tuition assistance program
• Employee volunteer program
• Wellness program