Mortgage Loan Processor Trainee

The Cavco Family of Companies•Plano, TX

1d•Onsite

About The Position

CountryPlace Mortgage is seeking an entry-level Mortgage Loan Processor Trainee for its Operations Department. This is an in-person position based in the Plano, Texas office. The trainee collaborates with Loan Officers, Loan Processors, Underwriting, Compliance, and other departments, and reviews loan documentation—including credit applications, credit reports, income and asset documents, and other materials needed to support credit decisions. The position provides broad exposure to the loan lifecycle, including application review, credit analysis support, loan origination, and closing and funding. It is a developmental pathway toward advancement to Mortgage Loan Processor, based on performance, demonstrated competencies, and business needs. Training and developmental assignments build knowledge and skills in credit and risk assessment, customer and dealer relationships, loan structuring, documentation and compliance, funding and closing, investor guideline interpretation, and financial analysis.

Requirements

Bachelor of Arts or Bachelor of Science degree in Marketing, Business, Accounting, Finance, or Management.
Working knowledge of Microsoft Office Suite, specifically Excel.
Effective written and verbal communication and interpersonal skills.
Organizational and time-management skills, including the ability to multitask.
Strong analytical and critical-thinking skills.
Ability to interpret and apply lending guidelines across multiple investors.
Strong research and decision-making capabilities.
Ability to evaluate financial documentation, identify risk factors, and analyze borrower qualification ratios and supporting documentation.
Ability to work independently and exercise sound judgment.
Highly organized and solutions-focused, with a commitment to accuracy.
Ability to identify and resolve problems in a timely manner.
Strong sense of urgency and ownership.
Ability to work well with a wide range of people.
Positive and professional demeanor.
Applicants must be authorized to work for any employer in the United States; visa sponsorship is unavailable.
Local candidates only; relocation is not available.

Nice To Haves

A strong interest in developing a long-term career in lending, credit, underwriting, loan origination, or loan operations.

Responsibilities

Review and analyze loan applications, credit reports, income documentation, and asset documentation to render credit decisions in compliance with investor guidelines.
Provide timely, accurate service to retailers and customers.
Communicate loan approval or denial reasons to the appropriate parties.
Work with internal staff on follow-up, counteroffers, and additional information.
Refer loan requests, recommendations, and documentation to underwriters.
Review conditions on approved loans, clear conditions when appropriate, and submit them to a Credit Analyst for review and approval.
Ensure loans adhere to investor guidelines.
Cross-train with Credit Analysts, Loan Officers, and Closer/Funder team members to develop an understanding of the loan lifecycle.
Participate in developmental assignments in underwriting, sales, relationship management, and loan closing.
Build proficiency in analyzing loan documentation, identifying exceptions, and recommending solutions.
Develop working knowledge of credit policies, lending programs, investor requirements, and funding processes.
Conduct training for new employees.
Assist the servicing department with collecting payments during periods of high volume.
Adapt work and thought processes to accommodate multiple investor guidelines.
Meet and exceed individual, team, and department objectives.
Perform other duties and special projects as assigned.