Loan Processors Summary:
A top 10 Mortgage lender in the US recently launched a search for a Loan Processor to sit in their Atlanta, GA office! This is an exciting direct hire opportunity with a company that ALWAYS does what is right for their employees, customers, partners, and the community. With a proven track record of closing on time, our client expects their Loan Processors to have experience processing residential mortgage loans from beginning to end and the ability to build strong relationships. The company offers a great work environment, competitive compensation and excellent benefits package; including medical, dental, vision, life insurance, AD&D, LTD and 401(k) with employer match!
Direct Hire Compensation:
$50,000-65,000K base + $1,500 - $4,000 in production bonuses a month!
Loan Processor Responsibilities:
•Monitor the overall lending process, and identify, resolve and communicate issues that could impact timely closure of loans.
•Call and provide status updates to Loan Officers and/or borrowers.
•Identify potential issues and communicate to consumer and loan officer.
•Request supporting documentation from borrower within required timeframes.
•Order and review all third-party documentation, including credit checks, title reports, appraisals, tax returns, verifications of employment/assets, etc. to identify and address potential issues.
•Check ratios and verify accuracy of AUS findings and program applicability.
•Review and verify documentation integrity to ensure it aligns with findings, completeness and compliance, and submit loan file to underwriting for approval.
•Identify qualifying/program issues prior to submission to Underwriting.
•Verify compliance with Company standards, federal and agency regulations, standards, and guidelines, as well as any applicable state-specific and or local regulations, ordinances, etc.
•Obtain and verify clearance of all underwriting conditions and prepare the file for submission to Closing.
•Use and modify templates to compose professional correspondence and emails.
Loan Processor Qualifications:
•High school diploma required, Associates or Bachelor’s Degree preferred
•2+ years of solid beginning to end mortgage loan processing of conventional loans, with at least 1 year experience in processing FHA or VA loans strongly preferred
•Ability to build strong relationships with loan officers, production, underwriting, closing and other internal and external partners.
•Knowledge of conventional and FHA or VA loans, including various product/program guidelines, necessary conditions for approval, and investor specific guidelines.
•Detailed knowledge of valid documentation related to processing consumer mortgage applications (e.g., tax returns, financial statements and records, verification of income and deposits, etc.).
•Ability to prioritize multiple tasks in a deadline-driven environment, strong sense of urgency and responsiveness.
Category Code: JN005, JN057