Mortgage Loan Processor
About The Position
We're hiring a Mortgage Loan Processor to support loan servicing and administration for investor clients and borrowers. The role manages a portfolio of loans, works closely with correspondent servicers, and ensures each loan remains compliant with its terms. This is a contract position based out of Hillsboro, Oregon, and is described as fully remote. The pay range is $22.00–$25.00 per hour. Individual compensation depends on factors including qualifications, skills, relevant experience, job knowledge, geographic location, and internal equity. Eligibility requirements apply to some benefits, which may depend on job classification and length of employment; benefits are subject to change and program terms. The anticipated application deadline is October 29, 2026.
Requirements
- Experience in loans, finance, and customer service.
- Clear written and verbal communication skills.
- Ability to organize workload and prioritize as deadlines and priorities change.
- Ability to collaborate well with peers and team members.
- Ability to compile and analyze reports, spreadsheets, procedural documentation, property inspections, rent rolls, and financial statements.
- Working knowledge of mortgage database and financial spreadsheet software.
- Familiarity with technical and legal information related to mortgage loan servicing.
- Comfort learning and using new technology.
Responsibilities
- Monitor the assigned loan portfolio for compliance, including insurance coverage, property taxes, UCCs, and timely payments.
- Follow up through the correspondent network on late payments, delinquent taxes, and missing proof of insurance, escalating issues to management when needed.
- Analyze operating statements, rent rolls, and financial statements, and maintain accurate debt coverage ratio (DCR) and loan-to-value (LTV) data in the system.
- Review property inspection reports and direct correspondents on annual inspection requirements.
- Build relationships with correspondents, monitor their compliance with servicing agreements, and ensure payments are remitted and recorded on time.
- Review and reconcile Agent Trial Balances and correct discrepancies.
- Evaluate transfer, assumption, and modification requests, recommend next steps, and communicate decisions in writing.
- Support new loan setup and update loan files and the servicing system.
- Prepare payoff quotes and loan status statements, and process payoffs, reconveyances, and escrow analysis.
- Respond to inquiries from borrowers, management, auditors, rating agencies, and investors.
- Keep loan-file documentation and servicing-system data accurate and up to date.
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Critical illness, accident, and hospital coverage
- 401(k) retirement plan with pre-tax and Roth post-tax contributions available
- Voluntary life and AD&D insurance for the employee and dependents
- Short- and long-term disability
- Health Spending Account (HSA)
- Transportation benefits
- Employee Assistance Program
- Time off/leave, including PTO, vacation, or sick leave
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What This Job Offers
Education Level
No Education Listed
