Loan Processor - Part time- Flexible Hours

  • Full-time

Job Description

-Review information obtained from loan officers for accuracy, completeness and viability
-Communicate with 3rd party referral sources as agreed to with loan originator
-Obtain additional documentation needed from all sources
-Obtain underwriter loan decisions
-Obtain approval and closing conditions
-Ability to make rational risk based decisions with regards to underwriting and processing determinations
-Verify appraisal, credit and title have been ordered for all files within pipeline
-Follow up with all third party vendors (appraisals, credit and title) to ensure delivery of required reports
-Collect, verify and analyze all documentation required for submitting files to Underwriting
-Coordinates documentation to communicate credit conditions to both the borrowers as well as the loan originator.
-Must be able to process multiple files within pipeline, all at different stages of the approval process, and take -responsibility from start to finish of all files within pipeline.
-Will be held to a higher level of accountability due to higher level of responsibility and industry knowledge

Qualifications

Minimum Qualifications: (Knowledge, Skills and Abilities):

- Must hold general understanding of all the areas of the mortgage industry. Must have knowledge of Conventional Financing. FHA/VA
   -General working understanding of closing and title procedures
-Must have working understanding of all Fannie Mae and Freddie Mac guidelines
-Must have full working knowledge of the appearance of all conventional processing forms
- Skilled at reviewing tax returns of Self employed/commissioned and alternative income borrowers and excellent appraisal analysis required
-Good communication skills with ability to multi task with internal staff, outside LO and 3rd party referral source
-Strong organizational skills and an attention to detail
-Strong leadership and ability to prioritize
-Basic computer skills

Training and Experience:

-Minimum 5 years of current processing in the retail loan originator environment
-Minimum 3-5 years current processing Fannie Mae/ Freddie Mac conventional loans as well as FHA and VA loans

Additional Information

This is a direct hire position with base plus bonus.