Loan Processor

CrossCountry Mortgage, LLC•LR13 - US IL Remote, IL

12d•Onsite

About The Position

The Loan Processor is responsible for providing quality customer service by obtaining documentation necessary for loan underwriting and ordering third-party documentation through direct communication with customers and/or Loan Officers. This role provides proper disclosures when required by applicable local, state, and federal regulations.

Requirements

High School Diploma or equivalent.
5+ years of residential mortgage processing experience.
Experience with Encompass.
Knowledge of DU, LP, Microsoft Office, and Windows.
Excellent math and analytical skills.
Excellent communication skills.
Excellent prioritization and time management skills.

Nice To Haves

Knowledge of RESPA regulations and other mortgage and consumer lending regulations, including, but not limited to, Regulation Z and Regulation B requirements and loan documentation, preferred.

Responsibilities

Perform a thorough review and analysis of borrowers’ credit, employment, income, and assets as required by the applicable loan program prior to submission to underwriting.
Assemble the complete loan package in proper order for underwriting.
Complete the required loan checklist.
Review applications and supporting documentation for completeness and accuracy, identify items requiring further evaluation, and prepare files for underwriting review.
Communicate directly with the Loan Originator, customer, and Underwriter to obtain initial and any missing documentation required to qualify for the loan.
Review loans for compliance with all mortgage-related regulations (RESPA, TIL, HMDA, Reg. B, etc.) and prepare required disclosures.
Communicate with third-party vendors to obtain property surveys, flood certifications, title commitments, and payoff information.
Monitor vendor orders and supporting documentation to ensure required invoices and records are received and accurately filed within the applicant's electronic record.
Assist with set-up of loans, including self-employed files and specialty products.
Document all communication related to the loan application in the conversation log.
Assist Closing, Secondary Marketing, and Loan Servicing teams to obtain and clear outstanding suspense items from CrossCountry Mortgage investors.
Prepare and distribute required revised Loan Estimates and the initial Closing Disclosure in accordance with applicable policies, procedures, and regulatory requirements.
Available to work varying hours and overtime if needed.