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Loan Processor

Loan Processor Position. Loan Processor will be responsible for analyzing and verifying documentation received such as income, credit, appraisal, title, etc. Processor will be responsible for ensuring documentation is complete, accurate and meets both company and investor requirements. Other duties include but are not limited to: accurate data entry into Encompass 360, clear and constant communication with Loan Officer/ Sales Staff, 3rd party vendors, etc., to ensure the loan file meets closing expectations while providing the highest level of service possible.

Duties and Responsibilities

  • Process Conventional, FHA, VA and other loan programs such as Home Equity Lines of Credit and Reverse Mortgages.
  • Assisting Loan Officer with management of pipeline and maintaining pre-approvals Request, review and verify all loan documents such as income, assets, credit, appraisal, RPA, and title to ensure complete and accurate information is in the file before it is sent to underwriting.
  • Obtain WVOEs, VORs, EOI and credit report.
  • Accurately calculate income for all types of borrowers.
  • Prioritize and monitor daily workflow in order to ensure all loans are being worked on in accordance with company's timeline expectations.
  • Maintain constant communication with all applicable parties on status updates and/or changes to the loan.
  • Ensure any necessary and critical changes which require re-disclosure have been accurately notated and checked in the loan origination system for compliance purposes.
  • Work additional hours as needed.
  • Assume responsibility and ownership for your files with a willingness to learn.

Basic Qualifications:

  • Strong Communication and organizational skills
  • FHA/ VA experience strongly preferred.
  • Current knowledge of federal and state guidelines, rules and regulations such as RESPA, TILA, HMDA, etc.
  • Strong knowledge in “A” Paper, FNMA/FHLM; FHA/VA programs beneficial.
  • Proficiency with MS Word, MS Excel, Adobe, Desktop Underwriter and Loan Prospector.
  • Current familiarity with Encompass 360 and ShareFile is a plus.
  • Advanced ability to analyze complex tax returns to accurately calculate income for all types of borrowers.
  • Demonstrate high volume productivity.
  • Must be detail oriented, organized and work efficiently under pressure.
  • Must be a TEAM player and work well with Sales Staff providing utmost levels of customer service and an open line of communication.
  • Strong analytical skills.
  • Excellent verbal and written communication skills.
  • Ability to work independently in solving problems.
  • Ability to manage multiple tasks and deadlines simultaneously.
  • Minimum of 5(+) years of experience.
  • Job Type: Full-time