Loan Processor/Account Manager

1 week ago


Fort Lauderdale, United States Lendz Financial Full time

Responsibilities:

·  Assess Loan Eligibility: Apply non-QM underwriting guidelines to assess the borrower's loan eligibility. This includes analyzing their credit scores, debt-to-income ratio, and other financial aspects.

·  Prepare Loan Files: Prepare, compile, and sort the loan files for underwriting. This includes entering data into the loan origination system, ensuring that all documents are accurately sorted, labeled, and scanned into the system.

·  Coordinate with Underwriters: Work in collaboration with underwriters to ensure all information is accurate and complete. Address any queries or concerns raised by the Underwriter promptly.

·  Maintain Compliance: Ensure compliance with state and federal lending laws. This includes understanding and implementing changes in regulations that impact non-QM loans.

·  Communication: Maintain regular and professional communication with brokers, borrowers, underwriters, and other stakeholders throughout the loan process. Provide updates and address questions or concerns promptly.

·  Closing: Coordinate with the closing department to ensure that the loan file is complete and accurate. Resolve any last-minute issues or discrepancies to ensure a smooth closing process.

·  Training: Stay updated on the latest industry trends, guidelines, and changes in non-QM loans. Participate in training and educational opportunities as available.

·  Quality Control: Perform quality checks to ensure that loan files meet the set standards and guidelines. Report any inconsistencies or issues immediately.

·  Time Management: Manage multiple files concurrently, ensuring that each loan progresses according to schedule. Keep track of deadlines and prioritize tasks to meet them. 

Qualifications:

·      Minimum of 3 years Processor experience, non-QM is a plus

·      Must be able to positively and proactively communicate will all parties involved in the loan process

·      Adaptable and resilient with excellent time management and client service skills

·      Ability to meet strict deadlines and demonstrate a sense of urgency as applicable

·      Demonstrates good judgment and decision-making skills 

Education and Experience:

·      High School Diploma or GED required

·      Working knowledge of mortgage lending requirements, regulations and procedures for loans

·      Experience in working in a high volume, fast paced environment

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