Senior Loan Processor

7 days ago


Worcester, Massachusetts, United States New American Funding Full time
Job Title: Senior Loan Processor

We are seeking an experienced Senior Loan Processor to join our team at New American Funding. As a Senior Loan Processor, you will be responsible for processing mortgage loans from application to closing, ensuring timely and accurate completion of loan files.

Key Responsibilities:
  • Process mortgage loans from application to closing, ensuring timely and accurate completion of loan files.
  • Accurately calculate income for all types of borrowers.
  • Communicate clearly and effectively with customers, loan agents, and other third parties involved in the mortgage loan transaction.
  • Request, review, and verify all loan documents, including income, credit, appraisal, and title insurance, to ensure complete and accurate information is in the file before it is sent to underwriting.
  • Prioritize and monitor daily workflow to ensure all loans are being worked on in accordance with company's timeline expectations.
  • Maintain constant communication with customers and loan agents on status updates and/or changes to the loan.
  • Ensure any necessary and critical changes which require redisclosure have been accurately notated and checked in the loan origination system for compliance purposes.
  • Coordinate loan closing with customers, title companies, and loan agents.
Requirements:
  • 5-7 years' experience processing mortgage loans.
  • Current experience processing purchase loans.
  • Proficient with Encompass, or other paperless mortgage loan origination systems.
  • Understanding of all compliance regulations and investor guidelines.
What We Offer:
  • 100% permanent remote employment.
  • Aggressive bonus plans that reward you for the effort you put in as an individual.
  • Direct lender with minimal overlays.
  • Carry as many loans as you want in your pipeline.
  • Great compensation and benefits.

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