Reverse Mortgage Processor - In office - Paramus, NJ
About The Position
Longbridge is looking to add a Reverse Mortgage Processor to our first-class Operations Team in our Paramus, NJ office. LBF is seeking a qualified Reverse Mortgage Processor. The Processor gathers initial loan file documents, completes pre-review to ensure all documents to qualify borrower are complete and entered into the LOS systems and submits file to Underwriting. The Processor must be able to review approval conditions submitted for accuracy and clear as needed or submit to Underwriting in a timely manner. Professional communication, verbal and written, is a must requirement. Once the file is cleared for close by the Underwriter, the Processor is responsible for final review of data prior to closing department.
Requirements
- Minimum 3 years FHA Processing experience preferred
- Must have reverse processing experience
- Strong understanding of regulatory compliance as it relates to mortgage lending: TILA, RESPA, Reg B, Reg C, etc.
- Ability to exercise independent judgment and use problem-solving skills. Handle multiple tasks and prioritize workloads to meet deadlines.
- Work independently with exceptional attention to detail.
- Excellent communication skills and professional interaction with all customers (internal and external).
- Detail oriented and highly motivated to work in a fast-paced environment.
- Proficient computer skills required (Word, Excel, Outlook)
Responsibilities
- Process applications from submission, to underwriting and closing
- Communicate daily with loan officers, borrowers, underwriters, closers, AMCs, and title companies
- Reviewing, uploading, organizing, and labeling of file documentation into loan imaging system
- Analyze Credit, income, tax returns, asset documents and payment history
- Clearing loan conditions for final loan approval
- Other duties and/or mortgage or company related tasks as assigned by Management
- Ensure confidentiality of client files
- The employee must work well under pressure, meeting multiple and sometimes competing deadlines.
- At all times, the Processor must demonstrate professional behavior with colleagues’ management and customers
- Must be able to work independently and also as part of a team
- Strong customer service and communication skills are a must
Benefits
- Full benefits: Medical, Dental, Vision, FSA/HSA, and wide array of voluntary products and discounts
- 401(k) with company match
- Paid time off
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
