Loan Processor
On-site · Portland, Oregon, United States
Job Summary
The Loan Processor will review borrower credit, employment, income and assets; assemble the loan package in proper order for underwriting; verify all documentation (pre-underwrite); prepare the loan checklist and disclosures; communicate directly with the Loan Originator, customer, and Underwriter to obtain initial and missing documentation; ensure compliance with RESPA, TIL, HMDA, Reg B, etc.; coordinate with vendors to obtain Property Survey, Flood Certificate, Title Commitment, and payoff information; manage pipeline and submit reports; assist in set-up of loans; document all communications in the file; train and assist supervision of new Loan Processors and other processing personnel; assist closing, secondary marketing, and loan servicing to clear outstanding items; and be available for varying hours and overtime as needed.
Required Qualifications
- High School Diploma or equivalent
- Minimum of 5 years’ residential mortgage processing experience
- Experience with Encompass
- Working knowledge of RESPA regulations and general knowledge of all mortgage and consumer lending regulations, including but not limited to Regulation Z and Regulation B requirements
- Knowledge of DU, LP, Microsoft Office, and Windows
- Excellent math and analytical skills
- Excellent communication skills
- Excellent prioritization and time management skills
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