DSCR Loan Processor
About The Position
Anchor Loans is seeking a Loan Processor dedicated to processing Debt Service Coverage Ratio (DSCR) loans from initial application through funding while maintaining strong relationships with clients, brokers, and internal/external partners. This individual will manage a pipeline of 20–25 DSCR loans, ensuring accurate data entry, organization of application materials, and timely ordering of all third-party documentation. The role includes pre-underwriting DSCR loan files to confirm eligibility, structure, and compliance with investor guidelines before submission to underwriting. Acting as a central point of contact, the Loan Processor provides status updates, resolves conditions efficiently, and supports a smooth, compliant loan closing process.
Requirements
- Experience as a loan processor preferred.
- Superb interpersonal, written and verbal communication.
- Ability to provide exemplary service to clients and co-workers.
- Excellent organizational and time management skills with attention to detail.
- Ability to manage multiple tasks and deadlines simultaneously to maintain a high-volume workload in a fast paced, deadline driven environment
- Candidates should have a strong ability to prioritize and multitask without being micro-managed to meet multiple deadlines and work well in a team environment.
Responsibilities
- Establish and maintain relationships with clients and referral partners to retain existing business and attract new.
- Enter prospective new DSCR loan applications into the loan origination system.
- Prepare quotes and LOI’s as necessary on all loan structures.
- Reconcile and organize all application information received and review items for qualification.
- Order and secure all third-party documents such as title, credit reports, appraisal and any other items required on the loan files.
- Act as a liaison between clients, internal staff, brokers, title companies, etc. to respond to inquiries, provide status updates and obtain all necessary documentation required for the file.
- Manage a loan pipeline of 20 to 25 loans, resolving any problems or conditions in an expeditious manner as the file moves through the process, from initial receipt through funding.
- Prepare and review mortgage loan files to ensure compliance with investor guidelines.
- Ensure that all loan files submitted to underwriting are complete and accurate. This requires pre- underwriting of the borrower and loan file. (Loan structure, loan terms, cash reserves, borrower experience, escrow/title documentation, and initial evaluation of risk)
- Perform related duties and special projects as assigned
Benefits
- Comprehensive health insurance options including Medical, Dental, Vision, Basic Life/AD&D insurance
- Generous sick leave & vacation benefits for rest, relaxation, and personal pursuits
- Highly competitive performance bonus
- 401(k) retirement program with employer match
- Tuition reimbursement toward professional development
- Workplace Celebrations, Team Building, Charity Drives, and Food Truck luncheons
- Onsite gym (Thousand Oaks only)
- 12 Paid Holidays
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
