Loan Processor Jobs

About The Position

Requirements

• High School Diploma or equivalent required.
• 2+ years mortgage experience.
• General knowledge of overall mortgage lending processes, documents and terminology.
• Knowledge and understanding of financial products and services.
• Knowledge of FHA, VA, Conventional and USDA loans. Ability to navigate multiple computer systems, applications and utilize tools to find information.

Nice To Haves

• Associate’s degree in business or related field.
• Prior work experience in consumer relations/customer service positions requiring excellent verbal and written communication skills is preferred.
• Prior experience processing assumptions.

Responsibilities

• Review loan documents to determine if loan is assumable.
• Prepare and distribute approval and denial letters.
• Prepare and distribute assumption packages.
• Receive assumption packages and log according to department procedures.
• Inspect file documents to ensure completeness and contact borrowers/applicants to obtain missing documents.
• Obtain relevant documents from applicant(s) and submit request for mortgage insurance approval.
• Upload loan documents to vendor website.
• Upload and report documents from completed assumptions to government agencies (FHA, VA, USDA, etc.).
• Make system changes to reflect new borrower (s) MERs and generate SNOW tickets.
• Pull CAIVRS and OFAC reports.
• Pull credit reports, and prepare Verifications of Employment and Verifications of Mortgage.
• Review Trusts & LLCs to ensure they meet agency guidelines.
• Follow procedures to ensure compliance with internal business standards and applicable federal, state, local or other regulatory disclosures and requirements.
• Provide support as needed with audits and to department members.
• Act as a liaison between various functional areas and customers to reach conclusions with customers.
• All other duties as assigned.

Benefits

• Optional medical, dental, vision, life, and disability insurance
• Paid holidays, vacation, and sick leave
• Matching 401(k) plan and employee stock purchase plan
• Access to mental health resources, including free Calm memberships, and initiatives that promote physical and emotional well-being
• Programs that celebrate achievements and milestones
• Enjoy discounts on gym memberships, pet insurance, and employee purchasing programs, plus access to a tuition reimbursement program that supports your continued education and professional growth.