Senior Loan Processor

Western Alliance Bank•Prior Lake, NV

28d•$26•Remote

About The Position

As a Senior Loan Processor you'll process residential mortgage loan files from initial application to funding, ensuring timely and accurate packaging of all loans originated by our loan officers. You'll be responsible for reviewing initial loan application verifying information as loan program requires, making sure all underwriting guidelines have been met. You'll work directly with the customer, loan officer, underwriter and closer to package a complete and compliant loan. Process residential mortgage loan files from initial application to funding, ensuring timely and accurate packaging of all loans originated by our loan officers Review loan application and gather loan documents from the customer and third parties in support of the loan approval process, according to AUS findings, program parameters and investor guidelines. Complete simple income calculations Submit loans for initial loan decision and working directly with the customer and/or third parties to fulfill all necessary conditions for closing Build rapport with borrowers and provide on-going communication to the customer regarding loan status Successfully work with Loan Officers, Underwriters and Funders to ensure that loan files are submitted to underwriting within expected timelines and that loan conditions are met as required throughout each stage of the loan process

Requirements

5+ years of related experience in Mortgage Processing or similar field
High school diploma required
Intermediate to advanced knowledge of residential mortgage industry in Correspondent or Retail Lending, including sales, operations, capital markets and/or other residential mortgage products and services
Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices
Intermediate working knowledge of Encompass
Intermediate to advanced knowledge of FNMA, FHLMC, FHA and VA guidelines.
Proficiency with DU and LP, FHA Connection and VA Portal.
Calculating income from salaried and self-employed borrowers.
Knowledge of TRID and compliance
Intermediate speaking and writing communication skills

Responsibilities

Process residential mortgage loan files from initial application to funding, ensuring timely and accurate packaging of all loans originated by our loan officers
Review loan application and gather loan documents from the customer and third parties in support of the loan approval process, according to AUS findings, program parameters and investor guidelines.
Complete simple income calculations
Submit loans for initial loan decision and working directly with the customer and/or third parties to fulfill all necessary conditions for closing
Build rapport with borrowers and provide on-going communication to the customer regarding loan status
Successfully work with Loan Officers, Underwriters and Funders to ensure that loan files are submitted to underwriting within expected timelines and that loan conditions are met as required throughout each stage of the loan process