Senior Loan Processor

$27 - $30/Yr

Bay Equity - Puyallup, WA

Full-time - Senior

Puyallup, WA

Credit Intermediation and Related Activities

About the position

Bay Equity is a full-service retail mortgage lending institution headquartered in Corte Madera. In 2011 and 2012, San Francisco Business Times named Bay Equity among its "Top 100 Fastest-Growing Private Companies" in the Bay Area. We are hiring a Senior Loan Processor to work for our Puyallup, WA team.

Responsibilities

• Review loan application to determine the completeness of all documents and verify the borrower's qualification for specified loan product
• Gather necessary items from clients to complete the loan file
• Advise loan officer of any deficiencies or missing documentation
• Work with escrow to obtain all items necessary for disclosure e.g. estimated HUD, preliminary title report, closing protection letter and wire instructions
• Prepare LE, fee worksheet and all disclosures, order appraisal and run credit
• Package and submit complete files to operations through Encompass program
• Upon receipt of loan approval, work with the loan officer, loan coordinator, and escrow officer to clear all prior to doc conditions and funding conditions
• Prepare doc request and submit to loan coordinator
• Arrange signing for borrower with escrow officer
• Work with funder, loan officer and escrow officer to clear funding conditions

Requirements

• Have MLO license for WA State
• Minimum 5 years recent/current mortgage loan processing experience
• Must be able to meet strict deadlines
• Experience utilizing Encompass mortgage software required
• Must have experience processing government FHA and VA loans
• Must have experience processing conventional and non-conforming loans
• Ability to work collaboratively with others
• Excellent communication skills
• Must be a team player
• Strong customer service skills
• Ability to multi-task and use deductive reasoning
• Knowledge of Encompass, Fannie Mae (DU) and Freddie Mac (LP)
• Must be able to maintain efficiently a 30-40 loan pipeline
• Must be able to calculate income, including Self-Employed
• Have product knowledge of Conventional, FHA, VA & USDA Guidelines
• Knowledge of processing in multiple states

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• 401k
• Paid time off