Housing Stability Program Loan Processor

Oklahoma Housing Finance Agency • Oklahoma City, OK

8d

About The Position

The Housing Stability Program Loan Processor works directly with applicants and awardees to collect information needed to complete closing checklists, prepare loan documents, and guide borrowers through the closing process.

Requirements

• High School Diploma or equivalent and 2 years of mortgage processing experience
• Must possess and maintain valid driver license
• Must be eligible for bonding
• Ability to understand, act on, and interpret policies, regulations and procedures as set forth by the State of Oklahoma, OHFA, HUD, IRS, or other entities governing this program.
• Ability to establish and maintain effective working relationships with co-workers, vendors, consultants, contractors, HUD, and local, State, and federal officials.

Nice To Haves

• Bachelor’s degree in Business, Finance, Real estate, or Business Management
• Previous experience with escrow-related or mortgage processing
• Experience with multiple loan types (FHA, VA, USDA, Conventional)
• Experience with loan origination systems (LOS)

Responsibilities

• Manage and organize loan files from application to closing.
• Collect proper documentation from all interested parties to ensure files meet regulatory and underwriting requirements.
• Coordinate, prepare, and compile all necessary documentation to ensure accurate and timely loan closings.
• Request title work, appraisals, and other third-party reports from outside vendors.
• Schedule internal and external loan closings and signings.
• Maintain documents within the electronic filing system.
• Assemble and prepare lien releases as necessary.
• Assist in the review and preparation of various program reports.
• Effectively communicate with all parties including awardees, co-workers, title companies, and all other department personnel via email, phone and in person communication.
• Manage real estate documentation, underwriting policies, and compliance procedures.
• Provide program information, training, and technical assistance to interested parties.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED
• Number of Employees: 101-250 employees