Loan Processor II
About The Position
Wemlo, part of the RE/MAX Holdings organization, is looking for Loan Processors to join their team. This is an opportunity to work within a rapidly growing startup backed by the largest name in Real Estate. The mortgage Loan Processor (LP) partners with Mortgage Brokers and Loan Originators (LOs) to facilitate a smooth transaction experience for borrowers. The LP supports the LO by ensuring loan files contain all the documentation and data necessary to move through the loan lifecycle efficiently and to close the loan on time. Attention to detail, passion for process, and obsession about excellent customer service are critical. The Loan Processor is responsible for prioritizing and executing tasks and is supported by advanced technology solutions and an experienced loan processing mentor. The Loan Processor is exposed to very sensitive personal information of our borrowers, so high-levels of integrity and discretion are expected and non-negotiable.
Requirements
- 2+ years mortgage loan processing or other type of loan processing experience
- Exceptional Customer Service
- Ability to multi-task
- Strong attention to detail
Nice To Haves
- Wholesale and TPO experience not required, but a plus!
Responsibilities
- Assist Loan Originators by prioritizing sales pipelines based on application statuses
- Support Loan Originators with tasks related to completing the mortgage loan application (1003 Application) such as running AUS (Fannie Mae’s DU/DO, Freddie Mac’s LPA S2S, or USDA’s GUS) or importing information from credit reports
- Generate initial disclosures for LO review in accordance with the TILA-RESPA Integrated Disclosure Rule (TRID) procedures and timelines
- Collect documentation from borrowers at the direction of LOs and the loan system; enter document information into the loan system and submit information to wholesale lending organizations for conditional approval
- Manage the statuses and follow-up communications with mortgage services providers such as appraisers and title companies
- Work with wholesale lending underwriters to secure conditional approval and clearance to close
- Validate Final Closing Disclosure (Final CD) information and resolve any missing or mismatched data before closing the loan file in our system
- Execute a Closing Checklist to confirm that all regulated and reportable information is captured in a loan file before closing the file in our system
- Run and distribute various reports on a recurring basis
- Participate in process improvement projects
- Provide prompt, warm, and memorable service
Benefits
- Comprehensive medical, dental, and vision insurance
- Health savings account with employer contribution
- Flexible spending account (medical & dependent care)
- Voluntary critical illness, hospital indemnity and accident coverage
- Short-term disability paid at 100% after 1 year
- 401(k) plan with generous company match & immediate eligibility
- Free financial advisor service
- Company-paid life and AD&D insurance, short-term and long-term disability
- Generous paid time off package includes 15 paid holidays and generous PTO
- Hybrid or remote positions and flexible hours
- Monthly home office subsidy
- Paid parental leave benefits
- Paid caregiving, adoption and foster leave benefits
- Monthly ClassPass contribution
- Employee assistance program including free counseling sessions
- Tuition reimbursement program
- Pet insurance discount
- Recognition program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
