Mortgage Loan Processor- High Net Worth

Sutherland • Houston, TX

1d

About The Position

We are currently hiring for a Mortgage Loan Processor with experience working with High Net Worth loans. Gathering required documentation from the borrower and obtaining appropriate documentation from third party vendors consistent with internal, client and investor policies. Reviewing the complete file and ensuring the various documents in the file are in sync with the all the others and the loan application on the system. Scanning the hard copy of the loan application to the system (shared drive) so that anyone not in possession of the hard file can also at any point of time has access to all the file documents. Understanding the underwriting submission requirements before actual submission. Ordering the various services required on the file and capturing those requests on the systems. Follow up on the status of the services ordered, to ensure minimum time lag from order to receipt. Upon receipt of loan decision, from underwriter, review conditions with the various internal and external parties to address any additional conditions needed for final approval. At final approval coordinate with the respective third parties and the prospective borrower to schedule the loan settlement. Both written and verbal communication to clients and colleagues

Requirements

• At least 3+ years related experience as a mortgage loan processor
• Ability to calculate income
• Ability to review and interpret asset statement(s)
• Review, understand and detect any issues with Title
• Review, understand and detect any issues on Appraisals
• Strong communication skills, verbal and written
• Excellent and proven Mortgage skills and knowledge
• Demonstrate analytical, organizational, and financial management skills
• Demonstrated ability to take initiative, multi-task, and prioritize
• Strong time management skills
• Candidates should be open to flexible scheduling options and the ability to adapt/change as needed.
• Experience with FNMA guidelines
• Ability to review and interpret DU findings

Nice To Haves

• Experience with high net worth/non-conforming/jumbo loans preferred

Responsibilities

• Gathering required documentation from the borrower and obtaining appropriate documentation from third party vendors consistent with internal, client and investor policies.
• Reviewing the complete file and ensuring the various documents in the file are in sync with the all the others and the loan application on the system.
• Scanning the hard copy of the loan application to the system (shared drive) so that anyone not in possession of the hard file can also at any point of time has access to all the file documents.
• Understanding the underwriting submission requirements before actual submission.
• Ordering the various services required on the file and capturing those requests on the systems.
• Follow up on the status of the services ordered, to ensure minimum time lag from order to receipt.
• Upon receipt of loan decision, from underwriter, review conditions with the various internal and external parties to address any additional conditions needed for final approval.
• At final approval coordinate with the respective third parties and the prospective borrower to schedule the loan settlement.
• Both written and verbal communication to clients and colleagues

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees