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Mortgage Pre-Qualification Specialist

2 months ago


Manteca, California, United States CrossCountry Mortgage Full time

Company Overview:
CrossCountry Mortgage (CCM) stands as the leading distributed retail mortgage lender in the United States, boasting a workforce of over 7,000 professionals across more than 700 branches. Our organization has consistently earned recognition on the Inc. 5000 list, celebrating our rapid growth and exceptional workplace culture.

Culture of Growth:
At CCM, we pride ourselves on fostering a vibrant culture that promotes employee engagement and satisfaction. Our entrepreneurial ethos encourages every team member to express their individuality, contributing to our collective progress. We prioritize transparency and provide unwavering support across all departments.

Compensation and Benefits:
Eligible employees enjoy a competitive salary structure along with a comprehensive benefits package that includes medical, dental, and vision coverage, as well as a 401K plan. Additional offerings include company-sponsored short-term disability, an employee assistance program, and wellness initiatives.

Position Summary:
The Loan Approval Coordinator will serve as a vital link between our internal teams and external clients. This role is integral to managing the loan process from initiation to completion, ensuring that borrowers are matched with the most suitable financial solutions.

Key Responsibilities:

  • Deliver exceptional customer service by guiding clients through loan programs, associated costs, and necessary documentation.
  • Conduct thorough reviews of income and asset documentation, utilizing DU for credit verification to ensure loan viability.
  • Prepare and present mortgage loan disclosure packages to borrowers, including rate disclosures and re-disclosure materials.
  • Manage a diverse pipeline of loans, including Conventional, FHA, VA, USDA, Jumbo, and reverse mortgage products.
  • Assess loan structures to align with borrowers' financial situations.
  • Identify and rectify any missing documentation to facilitate approval.
  • Communicate loan options and costs effectively with clients (licensure required).
  • Pre-underwrite essential documents to support loan approval (e.g., paystubs, credit reports, W2s, bank statements).
  • Input data for disclosures and tailor loan setups to meet client needs.
Qualifications:
  • Proficiency in both Spanish and English to effectively engage with a diverse clientele.
  • Previous experience in underwriting or processing is advantageous.
  • A minimum of 3-5 years in residential mortgage processing is required.
  • Familiarity with RESPA guidelines and mortgage regulations is essential.
  • Experience with Encompass software is preferred.
  • Strong analytical and mathematical skills.
  • Excellent verbal and written communication abilities.
  • Capability to prioritize tasks and meet deadlines.
  • Knowledge of DU, LP, Microsoft Outlook, and Windows is necessary.
Compensation Structure:
  • The salary range reflects various compensation factors, including candidate experience and background, while allowing for growth within the role.
Commitment to Diversity:
CrossCountry Mortgage is dedicated to promoting equal employment opportunities and values diversity in our workforce. We encourage individuals from all backgrounds to apply, fostering an inclusive environment that respects and celebrates individual differences.