Mortgage Loan Processor III

Waterstone Mortgage Corporation • Woodbury, MN

8h

About The Position

Waterstone Mortgage is seeking a highly skilled Mortgage Loan Processor to manage complex residential loan files from contract through closing for its Woodbury, Minnesota branch. The role oversees the full processing lifecycle, ensuring files progress efficiently and accurately while complying with investor and regulatory guidelines. The processor partners closely with a top-producing Loan Originator and team, Underwriters, and Closers to identify and resolve issues, manage critical deadlines, and provide an exceptional borrower experience across a variety of loan programs and investors. Strong organization, attention to detail, and the ability to anticipate challenges are important. Employees in this role may not engage in loan origination during their employment with WMC.

Requirements

• At least 5 years of mortgage processing experience.
• Strong proficiency in Encompass.
• Experience with Conventional, FHA, and VA loans.
• Ability to manage a pipeline with speed and accuracy.
• Strong organizational skills and attention to detail.
• Ability to anticipate challenges and proactively resolve issues.

Responsibilities

• Review new files within 48 hours and validate disclosures and loan structure early.
• Analyze income, assets, and documentation within 24 hours.
• Submit clean, complete files to underwriting.
• Clear conditions quickly and keep loans on track to meet contract and lock deadlines.
• Maintain an accurate pipeline in Encompass.
• Communicate proactively with the Loan Originator and borrowers.
• Manage the full processing lifecycle for complex residential loan files from contract through closing.
• Identify and resolve issues while coordinating with Loan Originators, Underwriters, and Closers.
• Do not engage in loan origination during employment with WMC.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed