Loan Processor
Remote · US
Job Summary
As a Loan Processor, you will process residential mortgage loan files from initial application to funding while ensuring timely and accurate packaging. This role includes reviewing loan applications, gathering documents from customers and third parties, completing income calculations, and submitting loans for initial decision. You will collaborate with customers, loan officers, underwriters, and funders to meet loan conditions and maintain open communication regarding loan status. The role requires 3+ years of experience in mortgage processing, intermediate knowledge of the mortgage industry and regulatory compliance, and proficiency with specific mortgage software and guidelines.
Required Qualifications
- 3+ years of related experience in Mortgage Processing or similar field
- High school diploma required
- Intermediate knowledge of residential mortgage industry in Correspondent or Retail Lending
- Intermediate knowledge of applicable regulatory and legal compliance obligations
- Intermediate working knowledge of Encompass
- Intermediate knowledge of FNMA, FHLMC, FHA and VA guidelines
- Proficiency with DU and LP, FHA Connection and VA Portal
- Calculating income from salaried and self-employed borrowers
- Knowledge of TRID and compliance
- Intermediate speaking and writing communication skills
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