Senior Loan Processor - Mortgage

Bank of Hope•Tustin, CA

1d•$43 - $48•Onsite

About The Position

The Senior Loan Processor - Mortgage is responsible for ensuring loan files are in proper condition, submitting complete packages to underwriting for approval with minimal conditions, and meeting compliance timing requirements. This role adheres to turn times outlined in the Loan Workflow Expectations, reviews files for errors and inconsistencies, and organizes, analyzes, updates, and validates loan files in the LOS. The position also involves reviewing files for potential fraud or misrepresentation, resolving LOS compliance notices, and following up with Underwriting for timely processing and approval. Additionally, the Senior Loan Processor manages PTD conditions, ensures change in circumstance requests and notifications are handled correctly, orders and uploads closing protection letters, reviews condominium documentation, performs employment verifications, completes closing transmittals, coordinates with the funding department, and manages the loan pipeline to ensure accurate close of escrow dates.

Requirements

Minimum Education Level: High School Diploma
Required: 10+ years prior experience
Required: Mortgage loan processing experience
Required: Good working knowledge of Encompass
Required: Knowledge of Conventional, Jumbo, FHA/VA loans
Required: Well-developed problem-solving skills to research and resolve discrepancies
Required: Ability to multi-task in a fast-paced environment
Required: A professional work ethic and attitude

Responsibilities

Ensure files are in proper condition and submit complete package to underwriting for approval w/min. conditions.
Ensure compliance timing requirements are met.
Adhere to the turn times outlined in the Loan Workflow Expectations.
Review files for errors & inconsistencies, organize, analyze, update, and validate the loan files in the LOS.
Review files for possible signs of fraud/misrepresentation, review fraud report, resolve LOS compliance notices.
Follow up with Underwriting for timely processing and moving the file to approval.
Retrieve and review all PTD’s conditions received from all parties and Underwriting conditions are cleared timely.
Ensure change in circumstance requests are completed when a valid change occurs.
Ensure change in circumstance are notified to disclosure desk timely.
Order review and upload closing protection letters to the LOS.
Retrieve and review condominium questionnaires, insurance policies and other corresponding condominium docs.
Perform verbal (or written) verification of employment.
Complete closing transmittals and submit file to the closing department with all required closing documents.
Coordinate with funding department for any outstanding PTF conditions and cure them.
Manage loan pipeline and update all close of escrow dates and ensure the dates have not expired.