Loan Processor IV - Mortgage Lending (HYBRID)
About The Position
The Loan Processor IV provides support to the lending areas by reviewing the accuracy of mortgage and consumer loans from conditional approval to closing. Please note the locations associated with this posting. Position will be hybrid 4x per week in the near future. Depth & Scope: Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission Orders and follows up on all Third -Party needs. HOI, title, 4506T, payoffs, written verifications, subordinations etc Processes most complex loans such as self-employed income, CEMA, condos and co-ops, Government, Right-Step, Jumbo and Wealth Owns borrower communication on loan file from conditional approval to closing. Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission May order or facilitates for ordering responsible for follow up and receipt of HOI, title, 4506T, payoffs, written verifications, subordinations etc Validate all documents required by underwriting are present, accurately indexed and meet the stated underwriter requirements Ensure all data fields required by underwriting are complete Resolve 3rd party conditions on the loan Interact with vendors providing service on the loan transaction, obtain necessary documentation including Home Owners Insurance providers, Title companies, Home Owners Associations Ensure all services required for the loan transaction are ordered timely Document all interactions on the loan transaction May assist in training other Loan Processors Expert system, industry and process knowledge May coach and mento junior processors May assist junior processors in processing loans May pre-underwrite files May function as manager delegate in certain circumstances May serve as a subject matter expert for special projects
Requirements
- High school diploma or GED
- 5 plus years loan documentation experience
- Demonstrated knowledge of Bank loan products and policies
- Demonstrated knowledge of lending software
- detail-oriented with the ability to multitask
- Ability to handle heavy workload and meet stringent deadlines
- Outstanding oral and written communication skills, with ability to interact effectively with all customers, both internal and external
- Solid knowledge and understanding of states regulations
- Proficient PC skills
Nice To Haves
- 3-5 years loan processing experience
- Experience processing Government loans, FHA, VA and USDA
- Prior experience with Encompass
Responsibilities
- Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission
- Orders and follows up on all Third -Party needs. HOI, title, 4506T, payoffs, written verifications, subordinations etc
- Processes most complex loans such as self-employed income, CEMA, condos and co-ops, Government, Right-Step, Jumbo and Wealth
- Owns borrower communication on loan file from conditional approval to closing
- Reviews all required documents, such as, borrower documents, D/U & LP findings, title and HOI for submission
- May order or facilitates for ordering responsible for follow up and receipt of HOI, title, 4506T, payoffs, written verifications, subordinations etc
- Validate all documents required by underwriting are present, accurately indexed and meet the stated underwriter requirements
- Ensure all data fields required by underwriting are complete
- Resolve 3rd party conditions on the loan
- Interact with vendors providing service on the loan transaction, obtain necessary documentation including Home Owners Insurance providers, Title companies, Home Owners Associations
- Ensure all services required for the loan transaction are ordered timely
- Document all interactions on the loan transaction
- May assist in training other Loan Processors
- Expert system, industry and process knowledge
- May coach and mento junior processors
- May assist junior processors in processing loans
- May pre-underwrite files
- May function as manager delegate in certain circumstances
- May serve as a subject matter expert for special projects
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
