Mortgage Loan Processor - Purchase

American Financing•Aurora, CO

1d•Hybrid

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.

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.