Mortgage Processor

American First Funding • Southfield, MI

1d

About The Position

Our institution is experiencing rapid growth! We are building our capacity by hiring an experienced mortgage loan processor for our highly productive and skilled lending team. The successful applicant will be responsible for managing the loan process, from origination to close, while paying close attention to the compliance of current lending policies and regulations. If you are a detail-oriented processor with a track record of accurate and timely mortgage approvals, we invite you to apply today!

Requirements

• Demonstrable proficiency in handling complex HOI requirements and payoff calculations is strictly required.
• Exceptional organizational and time-management skills, with a proven ability to manage multiple priorities and deadlines in a high-volume environment.
• Superior written and verbal communication capabilities, with a strong emphasis on professional client relations.

Nice To Haves

• 1-2 years of dedicated experience in residential mortgage processing.
• Advanced proficiency with standard Loan Origination Systems (LOS) and automated underwriting systems (DU/LP).

Responsibilities

• Manage and maintain a high-volume pipeline of mortgage loans (Conventional, FHA, VA), ensuring file progression meets established Service Level Agreements (SLAs).
• Serve as the primary liaison for Homeowners Insurance.
• Scrutinize declaration pages, verify sufficient replacement cost coverage, ensure accurate mortgagee clauses, and resolve premium discrepancies in alignment with specific lender guidelines.
• Execute the ordering, review, and reconciliation of payoff demands.
• Accurately calculate per diem interest, proactively identify shortages or overages, and coordinate seamlessly with title and escrow agents to ensure precise disbursement.
• Analyze conditional loan approvals and collaborate with Loan Officers and borrowers to procure necessary documentation (income, assets, credit) to satisfy underwriting stipulations.
• Facilitate professional, timely communication with internal stakeholders, clients, and third-party vendors regarding loan status, outstanding requirements, and clear-to-close milestones.
• Uphold strict compliance with all state, federal, and internal regulatory guidelines throughout the processing lifecycle, maintaining comprehensive file documentation.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed