Reverse Mortgage Loan Processor

4 weeks ago

Paramus, New Jersey, United States Longbridge Financial, LLC Full time
Job Title: Reverse Mortgage Loan Processor

About the Role:

Longbridge Financial, LLC is seeking a skilled Reverse Mortgage Loan Processor to join our Operations Team. As a Reverse Mortgage Loan Processor, you will be responsible for gathering initial loan file documents, completing pre-review to ensure all documents to qualify borrower are complete and entered into the LOS systems and submitting file to Underwriting. You must be able to review approval conditions submitted for accuracy and clear as needed or submit to Underwriting in a timely manner. Professional communication, verbal and written, is a must requirement. Once the file is cleared for close by the Underwriter, you are responsible for final review of data prior to closing department.

Key Responsibilities:

* Process applications from submission, to underwriting and closing
* Communicate daily with loan officers, borrowers, underwriters, closers, AMCs, and title companies
* Reviewing, uploading, organizing, and labeling of file documentation into loan imaging system
* Analyze Credit, income, tax returns, asset documents and payment history
* Clearing loan conditions for final loan approval
* Other duties and/or mortgage or company related tasks as assigned by Management
* Ensure confidentiality of client files
* The employee must work well under pressure, meeting multiple and sometimes competing deadlines.

Requirements:

* Minimum 3 years FHA Processing experience preferred
* Must have reverse processing experience
* Strong understanding of regulatory compliance as it relates to mortgage lending: TILA, RESPA, Reg B, Reg C, etc.
* Ability to exercise independent judgment and use problem-solving skills. Handle multiple tasks and prioritize workloads to meet deadlines.
* Work independently with exceptional attention to detail.
* Excellent communication skills and professional interaction with all customers (internal and external).
* Detail oriented and highly motivated to work in a fast-paced environment.
* Proficient computer skills required (Word, Excel, Outlook)

What We Offer:

* Full benefits
* 401(k) with company match
* Paid time off
* Working in a growing and dynamic industry
* LBF is an EEO/AA/Vet/Disabled Employer

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