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Mortgage Loan Processor

2 months ago

Lisle, Illinois, United States Wintrust Financial Full time
About Wintrust Mortgage

Wintrust Mortgage is a full-service, federally chartered lender with a strong presence across the country. Our company was founded in 1981 with a mission to help customers achieve the American dream of homeownership.

Our Culture

We are proud to be an award-winning company, rated as a Top Workplace by the Chicago Tribune and Employee Recommended by the Globe & Mail. Our culture encourages an entrepreneurial spirit and offers multiple opportunities for development and upward mobility.

Job Summary

We are seeking a skilled Loan Operations Specialist to join our team. As a Loan Operations Specialist, you will be responsible for ensuring the completeness of loan applications, issuing needs letters, and following up on documentation to ensure timely submission to Underwriting.

Key Responsibilities
  • Ensure completeness of loan applications (1003)
  • Issue needs letters and/or loan status letters to clients and loan officers
  • Follow up on documentation to ensure timely submission to Underwriting
  • Pull fraud reports and obtain information to clear low and/or moderate impact findings
  • Document high-impact alerts to Underwriting to clear
  • Ensure 100% compliance with internal fraud prevention procedures and other Wintrust procedures
  • Schedule closing dates and times with borrowers, loan officers, and title companies
  • Complete doc funding forms and turn files with doc funding requests into the Closing Department
  • Meet with loan officers weekly to review pipeline
Requirements
  • Processes conventional, FHA, VA, USDA, Bond, Jumbo, and brokered loans
  • Multiple investor experience
  • Responsible for credit review, including income and assets
  • Can calculate various income types, including wage earner, SSN, Disability, Schedule C Self Employed, Complex Self Employed with multiple businesses, Dividend & Interest Income, Capital Gains income, P&L income, and Multiple property rental income
  • May be able to clear some Underwriting conditions
  • Has a target caseload of 30 loans
  • Demonstrated problem-solving skills
  • Good communication skills
  • The ability to multi-task
  • 5-10 years of proven experience
Equal Opportunity Employer

Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.