Senior Mortgage Loan Processor

Associated Mortgage Bankers Inc•Miami, FL

5d•$60,000 - $72,000•Onsite

About The Position

Elliman Capital is the mortgage lending arm associated with Douglas Elliman, one of the most recognized names in residential real estate. As a division of Associated Mortgage Bankers, Inc., we lend across the country. Our largest concentrations are in markets such as New York, Florida, California, and Texas. We are adding a Senior Mortgage Loan Processor to our Miami operations team. This role is for an experienced processor who can take a file from submission to clear to close with minimal oversight. You will keep Loan Officers and borrowers informed at every stage and catch problems long before they reach underwriting or the closing table. Many of our clients come to us through real estate relationships. That means purchase contracts, firm closing dates, and borrowers whose financial profiles are not always straightforward. The processors who do well here read a file carefully, ask the right questions early, and take ownership of getting it closed. You will work in person alongside Loan Officers, underwriting, closing, and leadership. Questions get answered quickly, and good ideas about how files should move through the process reach the people who can put them into practice.

Requirements

3+ years of recent, hands-on residential mortgage processing experience, independently managing a pipeline through clear to close
Significant experience processing purchase transactions
Strong working knowledge of Fannie Mae and Freddie Mac guidelines
Ability to analyze income for W-2 and self-employed borrowers
Working knowledge of TRID disclosure requirements
Experience working in a mortgage loan origination system
Exceptional organization and follow-through across multiple files with competing deadlines
Clear, professional, and responsive communication with Loan Officers, borrowers, and real estate partners
Ability to work full-time, in person, in our Miami office

Nice To Haves

5+ years of mortgage processing experience
Encompass experience (strongly preferred)
Jumbo and Non-QM processing experience
FHA and VA processing experience
Experience with condominium project review, particularly in Florida
Experience processing loans in multiple states
Background with an independent mortgage banker or a high-touch, client-focused lender

Responsibilities

Manage an assigned pipeline of residential loans from initial submission through clear to close, prioritizing by closing date, lock expiration, and outstanding conditions
Review new files for completeness and accuracy before submission, including the application, credit, income, assets, and property documentation
Analyze income and asset documentation, including tax returns, pay stubs, bank statements, and self-employed borrower documentation, and resolve issues before they become conditions
Order and track third-party services, including appraisals, title, flood certifications, verifications of employment, tax transcripts, and hazard insurance
Review appraisals, title commitments, and condominium or HOA documentation, and coordinate project review requirements where applicable
Submit complete, well-organized files to underwriting and clear conditions accurately and promptly
Communicate status and outstanding items to Loan Officers, borrowers, real estate agents, and attorneys so that no one is surprised as closing approaches
Monitor disclosure timing and changed circumstances, and coordinate redisclosures with the appropriate team members in accordance with TRID requirements
Partner with the closing team on final approval, clear to close, and a clean file handoff
Maintain accurate, current loan data and documentation in Encompass
Escalate risks to closing dates, lock expirations, or loan eligibility promptly, with a proposed path forward
Share knowledge with other processors and loan officer assistants, and contribute to process documentation and checklist improvements