Loan Processor

2 months ago

Crown Point, United States Novus Home Mortgage Full time
SUMMARY:

The Loan Processor provides professional support services to Loan Officers by assembling a completely documented residential mortgage loan file in preparation for submission of the file to the underwriting department.

*This role could either be in-person or remote, depending upon qualifications and experience*

DUTIES AND RESPONSIBILITIES:

  • Review residential loan application files to verify that application data is complete and meets establishment standards, including type and amount of mortgage, borrower assets, liabilities, length of employment, etc.
  • Utilize checklists to organize requests and prepare all essential documentation for the mortgage loan file from start to closing. Review loan content for completeness, accuracy, and, compliance and make necessary corrections.
  • Set up loan file in Loan Origination System (Encompass)
  • Serve as a liaison between the customer, loan officer, and underwriter.
  • Obtain needed documentation via, credit reports, appraisals, and related information.
  • Review of all files to ensure RESPA compliance
  • Order title work and review for accuracy and address any discrepancies
  • Submits loan file for underwriting approval
  • Disclaimer: The job description is not a complete list of duties. The Loan Processor may and/or will be required to perform other functions as asked by management. The Loan Processor must be self-sufficient and show the initiative to self-educate in industry products and program guidelines.
QUALIFICATIONS:
  • Four (4) years of recent loan processing experience in the mortgage industry is required.
  • Experience using OneNote- preferred
  • Experience with government loans
  • Ability to manage a pipeline of 15-20 loans
  • Must be Familiar with TILA / RESPA Integrated Disclosure (TRID).
  • Sound judgment and decision-making skills.
  • Ability to work under pressure and meet deadlines with minimal supervision.
  • Excellent service skills.
  • Excellent organizational skills.
EDUCATION AND EXPERIENCE:
  • High School diploma or equivalent
  • Knowledge of Freddie Mac, Fannie Mae, and FHA/VA guidelines
  • Knowledge of general federal and state-mandated consumer disclosure requirements
  • Proficient in data entry and management


Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

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