Home Loan Processor

TEKsystems•Carrollton, TX

3d•$25 - $25•Onsite

About The Position

The Guidelines Team Loan Processor plays a critical role in ensuring loan files meet investor, agency, and company standards prior to closing. This position focuses on fast‑paced, high‑volume clean‑up work, guideline validation, and loan restructuring. Processors on this team do not “own” a pipeline; instead, they work from a continuous “get next” queue, reviewing and correcting 130+ guideline items per day to support rapid loan movement. This role requires deep knowledge of Fannie Mae and Freddie Mac guidelines, strong analytical skills, and the ability to make accurate corrections under tight deadlines—including rush files that must close within 24 hours.

Requirements

3–5 years of mortgage loan processing experience, preferably in high‑volume environments.
Experience with credit unions or mortgage lenders strongly preferred.
Strong ability to identify borrower documents and determine documentation needs.
Deep understanding of Fannie Mae and Freddie Mac standards.
Experience processing conventional purchase loans (not just refinances).
VA and FHA loan experience, including knowledge of VA funding fees and COEs.
Shifts between 8-5, 9-6 and 10-7 ( more of a need for later shifts right now)

Responsibilities

Process rush files requiring 24‑hour turnaround, including making necessary corrections to ensure closing readiness.
Work through a queue of 40–50 active files, completing assigned portions of processing without full pipeline ownership.
Review and update cash‑to‑close calculations to ensure accuracy prior to closing.
Analyze and adjust DTI changes based on updated borrower documentation or loan structure.
Restructure loans due to seller credit changes at closing, ensuring compliance with investor and agency requirements.
Review borrower documentation including credit reports, bank statements, income documents, and asset verification.
Identify large deposits and determine required documentation per agency guidelines.
Apply Fannie Mae and Freddie Mac guidelines to validate loan accuracy and compliance.