Processor

NFM Lending•Sarasota, FL

6d•$29 - $35

About The Position

The Mortgage Processor is responsible for reviewing, preparing, and verifying loan documentation to ensure accuracy and completeness throughout the mortgage process. This role involves coordinating with loan originators, borrowers, and third-party vendors to facilitate timely closings. The Processor ensures compliance with company policies, lender guidelines, and regulatory requirements while maintaining a high level of customer service.

Requirements

High school diploma or equivalent education required.
Minimum one year of mortgage processing experience required.
Strong knowledge of loan products, underwriting guidelines, and regulatory requirements.
Excellent attention to detail and organizational skills.
Strong problem-solving abilities and the ability to troubleshoot loan file issues.
Effective communication skills to collaborate with internal teams and external partners.
Proficient in Microsoft 365. Experience using Encompass or similar loan origination software.
Ability to manage multiple tasks in a fast-paced environment and meet deadlines.
Strong customer service skills with a proactive and professional approach.
Willingness to work occasional overtime as needed to meet business demands.

Responsibilities

Manage a minimum pipeline of 25 loans monthly, ensuring efficient processing and timely closings.
Review new loan files within 48 business hours for accuracy and completeness.
Order and track verifications, appraisals, title work, and FHA Case Numbers.
Act as a liaison between loan originators, borrowers, underwriters, and closing agents to resolve loan-related issues.
Pre-underwrite loan files to ensure all necessary supporting documentation is obtained.
Collect, submit, and clear all underwriting and funding conditions.
Review loan applications (1003) for accuracy and completeness.
Follow up on outstanding documentation to ensure timely processing.
Prepare and distribute pipeline and aging reports to loan originators.
Ensure compliance with all regulatory requirements and company policies.
Coordinate closing dates and locations with all parties involved.
Review final loan documents, including the Closing Disclosure, to confirm accuracy before closing.
Issue Statements of Credit Denial when necessary, following regulatory guidelines.
Maintain confidentiality and securely handle sensitive borrower information.
Support process improvements and identify opportunities to enhance efficiency.
Perform additional duties as assigned