What are the responsibilities and job description for the Loan Processor position at Right Start Mortgage Inc?
We are seeking a detail-oriented and experienced Loan Processor to join our mortgage operations team. The successful candidate will be responsible for managing and coordinating the loan application process, ensuring accuracy, compliance, and a seamless experience for our clients.
Responsibilities:
Application Review:
- Thoroughly review loan applications to ensure completeness, accuracy, and compliance with regulatory requirements.
- Collaborate with loan officers and clients to gather additional information or documentation as needed.
Document Preparation:
- Prepare and organize loan files, including all required documentation for underwriting and final approval.
- Verify applicant information and resolve any discrepancies to facilitate a smooth processing workflow.
Communication with Stakeholders:
- Act as a liaison between loan officers, underwriters, and clients to facilitate clear communication and address inquiries.
- Provide regular updates to all parties involved in the loan process.
Underwriting Support:
- Assist underwriters by providing necessary information and documentation for loan file review.
- Address any conditions or additional requirements identified during the underwriting process.
Compliance Management:
- Ensure all loan files adhere to company policies and regulatory standards.
- Stay informed about changes in mortgage regulations and implement adjustments as necessary.
Timeline Management:
- Track and manage loan processing timelines to ensure timely closings.
- Proactively identify and address potential delays to keep the loan process on schedule.
The ideal candidate will have at least 5 years of experience in mortgage processing and must be proficient in Encompass. The candidate should also be capable of closing 20 files per month.
- High school diploma or equivalent; degree in finance or related field is a plus.
- Minimum of 5 years of experience in mortgage processing.
- Proficiency in Encompass or similar mortgage loan software.
- Strong attention to detail and organizational skills.
- Ability to work in a fast-paced environment and meet deadlines.
- Excellent communication and customer service skills.