Mortgage Loan Processor - Purchase
About The Position
We are expanding our growing purchase team and seeking high-performing Loan Processors who strive for excellence. The ideal candidate operates with the highest ethical standards, prioritizing the best interests of our borrowers and fellow team members. We offer a competitive compensation package that includes a base salary and a performance-based bonus structure. American Financing Corporation (AFC) is an Equal Opportunity Employer. AFC does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis protected by law. All employment is decided on the basis of qualifications, merit and business need.
Requirements
- Minimum of 2 years of recent loan processing experience.
- Extensive experience with VA, FHA, and Conventional loan products is required.
- Proficiency with DU/LP, CHFA , and purchase-specific loan files.
- Highly detail-oriented and organized with a proven ability to meet strict deadlines.
- Advanced proficiency in the Microsoft Office Suite .
- Proven ability to multi-task and thrive in a fast-paced, high-volume environment.
- Strong communication skills with the ability to clearly articulate ideas both verbally and in writing.
- Self-motivated and proactive with the ability to work effectively with minimal supervision.
Responsibilities
- Process and close a minimum of 12 loans monthly, meeting all purchase loan deadlines.
- Maintain a robust pipeline to ensure timely closings with a 90% COE (Close of Escrow) success ratio or higher.
- Ensure the secure and accurate accumulation of all required loan documentation.
- Facilitate the timely and compliant closing of various residential mortgage loans within established timeframes.
- Procure necessary verifications for credit items, including employment (VOE), assets (VOD), rental history, and credit reports.
- Research and verify account information while proactively resolving customer issues as they arise.
- Liaison with third-party vendors (appraisal, title, insurance, etc.) to obtain documentation required for loan approval.
- Maintain a secure environment for loan files while upholding a strong code of moral and professional ethics.
- Review documentation and provide conditions for loan approvals to ensure compliance with underwriting guidelines (borrower, credit, and collateral).
- Analyze and interpret financial data to ensure alignment with established industry parameters.
- Demonstrate proficiency in computer systems for loan tracking and processing, specifically LOS and AUS platforms.
- Provide administrative and operational support to management and loan officers as needed.
- Ensure all state, federal, and company-specific disclosures are provided to clients in compliance with regulations.
- Identify and communicate concerns regarding potential misrepresentation or fraudulent activity to the Branch Manager or Processing Supervisor.
- Maintain transparent communication with applicable loan officers regarding any issues affecting loan processing or approval.
- Collaborate with Underwriting and Closing departments to ensure high-quality submissions and efficient file flow.
- Communicate suggestions for system improvements or operational efficiencies to the Processing Manager.
- Assist in troubleshooting and problem-solving to ensure the successful closing of residential loans.
Benefits
- Medical
- Dental
- Vision
- 401k
- Paid time off and sick days
- Paid holidays
- Long-term paid disability
- Paid maternity and bonding leave
- Full desk equipment provided
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
