Job Description:
The Loan Processor collaborates with Loan Officer(s) in performing activities related to Fannie Mae, Freddie Mac, FHA, and VA mortgage loan closings. Must be able to handle the pressure and upbeat environment of a very busy mortgage company and meet strict deadlines while maintaining a high quality of customer service. Must have superior customer service skills and be detail oriented and self-motivated.
*Can be a remote position
Principal Responsibilities
Include but not limited to...
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Work with Loan Officer(s) to ensure timely completion of mortgage process and enhance the experience of clients, whether they are first time home buyers or refinancers.
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Verify completion of loan package and review the submission checklist for submission to investor.
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Perform a thorough review and analysis of borrower’s credit, employment, income, and assets as required by the particular program before submitting the file to the underwriter.
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Review loan approvals and handle all required conditions for underwriting and closing.
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Assist in updating lending policies and procedures, as necessary.
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Assist closing, secondary and servicing obtain and clear outstanding suspense items from our investors.
Required Knowledge, Skills, and Abilities
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3+ years of Mortgage Processing experience
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Post TRID knowledge
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Working knowledge of FNMA, FHLMC, FHA, and VA underwriting guidelines