The Loan Processor is a reliable mortgage professional who thrives in a fast-paced environment. They support both the origination and operation functions of residential conventional and government mortgages while providing the highest level of customer service both internal & external.
Requirements
- Reviews all documents submitted by borrower within 48 hours of receipt.
- Direct communication with all borrowers via email and/or phone, returning all calls within 24 hours.
- Reviews accuracy and completeness of Loan Application, Automated Underwriting System and Credit Report.
- Review entire credit report for accuracy.
- Orders and retrieves 3rd party services.
- Review initial disclosures and check for signatures and dates.
- Review and calculate all types of income and any other mortgage related documents.
- Ordering all related condo documents if applicable.
- Review and analyze appraisal reports for accuracy.
- Review title reports for the following but not limited to: Effective date, loan amount, proposed insured, open liens/judgments and tax information.
- Responsible for properly updating Encompass to ensure current and accurate data.
- Submits complete file to Underwriter for initial underwrite & final review.
- Clear all prior-to-doc conditions.
- Effective communication with all parties and usage of the conversation log in Encompass to notate the loan files.
- Strong pipeline management skills to ensure closing dates are met.
- Participates in weekly pipeline reviews with the Loan Officer and Processing Manager providing status of all files.
- Assist closing & post-closing with any additional documents or information needed to close out file.
- Keep informed of trends and developments in the mortgage industry to include regulation changes.
- Processor will meet Round Point’s commitment to compliance and keep abreast of industry new products and guidelines.
- Redisclosing for change in circumstances if applicable.
- Title review and updates.
- Ordering additional appraisal reports, if applicable.
- Qualifies for and meets the qualification requirements of the following loan programs: conventional and government.
Benefits
- Paid Time Off
- 401k Matching
- Retirement Plan
- Tuition Reimbursement
