Loan Processor Jobs

About The Position

Requirements

• 4-5 years Reverse Mortgage loan processing experience.
• Experience processing HECM and proprietary reverse mortgage products.
• Excellent customer service skills.
• Strong knowledge of mortgage lending laws, policies, and procedures, especially reverse mortgage guidelines.
• Excellent organizational skills and attention to detail.
• Strong written and verbal communication skills.
• Ability to prioritize and work independently with minimal supervision.
• Proficient in Microsoft Office, Word, Excel, Outlook, etc.
• Ability to work in a fast paced fluid environment.
• High level of integrity and confidentiality required.

Nice To Haves

• Retail processing experience preferred.

Responsibilities

• Process reverse mortgage loans in a manner consistent with company policies, procedures, and all applicable regulatory requirements.
• Obtain and review required loan documentation from borrowers, ensuring completeness and accuracy.
• Submit complete loan packages to underwriting for approval.
• Manage a pipeline of loans, ensuring timely progression of loans through each stage of the processing cycle.
• Maintain a compliant and efficient flow of loans, meeting deadlines and minimizing delays.
• Communicate with loan officers, borrowers, title companies, builders, and agents to gather necessary information and keep all parties informed.
• Provide exceptional customer service through effective communication with internal and external customers, ensuring borrower needs are met.
• Monitor and ensure all loan deadlines, including closing dates, are met in compliance with company and regulatory standards.
• Ensure that all underwriting conditions are addressed and cleared by the underwriter before preparing files for submission to the Closing Department.
• Keep current with changes in industry policies, procedures, standards, and regulations, particularly those related to reverse mortgages.
• Apply local, state, and federal regulations as they pertain to mortgage loan processing.
• Comply with all company policies and procedures and ensure strict adherence to legal and regulatory requirements.
• Ensure that all necessary documents are verified and obtained before preparing the file for the Closing Department.
• Coordinate closely with the Closing Department to ensure smooth and accurate closing.

Benefits

• Bonus per closed loan