Loan Processor

Western Alliance Bank • Irving, TX

20h • Onsite

About The Position

As a Loan Processor, you will process residential mortgage loan files from initial application to funding, ensuring timely and accurate packaging of all loans originated by loan officers. This role involves reviewing initial loan applications, verifying information according to loan program requirements, and ensuring all underwriting guidelines are met. You will work directly with customers, loan officers, underwriters, and closers to package complete and compliant loans. AmeriHome Mortgage is a Western Alliance Bank company, a wholly owned subsidiary of Western Alliance Bancorporation. Western Alliance Bancorporation is one of the country’s top-performing banking companies with more than $80 billion in assets, offering a full spectrum of tailored commercial banking solutions and consumer products.

Requirements

• 3+ years of related experience in Mortgage Processing or similar field.
• High school diploma required.
• Intermediate knowledge of residential mortgage industry in Correspondent or Retail Lending; including sales, operations, capital markets and/or other residential mortgage products and services.
• Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Intermediate working knowledge of Encompass.
• Intermediate knowledge of FNMA, FHLMC, FHA and VA guidelines.
• Proficiency with DU and LP, FHA Connection and VA Portal.
• Calculating income from salaried and self-employed borrowers.
• Knowledge of TRID and compliance.
• Intermediate speaking and writing communication skills.

Responsibilities

• Process residential mortgage loan files from initial application to funding, ensuring timely and accurate packaging of all loans originated by our loan officers.
• Review loan application and gather loan documents from the customer and third parties in support of the loan approval process, according to AUS findings, program parameters and investor guidelines.
• Complete simple income calculations.
• Submit the loan for initial loan decision and working directly with the customer and/or third parties to fulfill all necessary conditions for closing.
• Build rapport with borrowers and provide on-going communication to the customer regarding loan status.
• Successfully work with Loan Officers, Underwriters and Funders to ensure that loan files are submitted to underwriting within expected timelines and that loan conditions are met as required throughout each stage of the loan process.

Benefits

• competitive salaries
• an ownership stake in the company
• medical and dental insurance
• time off
• a great 401k matching program
• tuition assistance program
• an employee volunteer program
• a wellness program
• opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: High school or GED
• Number of Employees: 501-1,000 employees